“Provider-sponsored Medicare Advantage plans seeing big growth in membership”

“Provider-sponsored Medicare Advantage plans seeing big growth in membership,” by John Gregory, HealthExec Quote: “The growth in Medicare Advantage (MA) membership has benefited hospitals and physician groups that operate their own plans, with total enrollment increasing by more than 20 percent to three million beneficiaries since 2015. … The three million people in provider-sponsored MA plans, however, only represents about 14 percent of all MA enrollees nationwide. Plans offered by insurers like UnitedHealthcare, Humana and Aetna still dominate the market and actually saw greater enrollment growth of 24 percent over the same time period.” LTC Comment (from Stephen A. Moses,
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Categories: Clippings, Industry News, and Long-Term Care.

“Only 16% of retirees ‘very confident’ they can afford long-term care”

“Only 16% of retirees ‘very confident’ they can afford long-term care,” by Lois A. Bowers, McKnight’s Senior Living Quote: “Only 16% of current retirees are ‘very confident’ that they will have enough money to pay for long-term care should they need it during their retirement, according to the results of a survey released Tuesday. That percentage, said the nonpartisan Employee Benefit Research Institute and research firm Greenwald & Associates, is a decrease from last year’s 20%, which they defined as ‘down significantly.’ The firms polled 1,040 retirees between Jan. 3 and 16 for the annual Retirement Confidence Survey.” LTC Comment
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Categories: Clippings, Industry News, and Long-Term Care.

Coming soon: SecureCare with multi-pay

A long-term care alternative now with even more flexibility Offer a long-term care alternative that’s within reach for more clients. On Tuesday, May 8th, Securian Financial’s SecureCare is getting a makeover — with a new look plus enhanced features and benefits, including: Cash indemnity benefits Single and multi-pay options Reduced-paid up benefit Securian Financial has a new look We’re refreshing our look and making a strategic investment to build the visibility of our brand. Watch for more information arriving in the next few weeks. Learn more   Transition rules: SecureCare UL with multi-payment enhancements, along with long-term care (LTC) replacements
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Categories: Industry News, Linked Benefit/Hybrids, and Minnesota Life.