Carrier Updates
Transact America is updating its payment authorization forms.
Starting June 16, 2024, the updated Payment Authorization form series will be available on the portals for new business and in force Transamerica Lifetime, Final Expense Solutions Portfolio, Transamerica Financial Foundation IUL (FFIUL), Transamerica Financial Choice IUL (FCIUL), Trendsetter Super Series, and Trendsetter LB products.
Highmark announced the launch of our specialty pharmacy arrangement powered by Free Market Health in our PA/DE/NY ACA Individual Markets, effective July 1. Recently issued guidance provides cost-sharing requirements for individual policies and group health plans beginning in 2025, including cost-sharing requirements for high-deductible health plans (HDHP) to be HSA-contribution compliant. This article provides a handy chart that outlines the various deductible and out-of-pocket (OOP) limits for 2025 and background information related to the Affordable Care Act and HDHP maximum OOP amounts. ManhattanLife Insurance recently introduced their new PAID (Paid Accident Indemnity Delivery) policy. This new “Accident Only” policy helps pay for out-of-pocket expenses. The eligible issue ages are 18 – 84, and guaranteed renewable for life. New plan benefits include
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