Industry News
In November 2022, Massachusetts became the first state to pass a Medical Loss Ratio (MLR) requirement for dental insurance companies to pay at least 83% of premium in claims or refund the difference to customers. That requirement becomes effective on January 1, 2024.
Assurity is launching a new product with new opportunities! New individual Assurity Accident Insurance is guaranteed issue — simple for your clients to get and for you to sell.
Select 2024 Wellcare plans will now include the Wellcare Spendables Card. This program replaces the previous Flex Card benefit program and will be offered across all states.
In 2024, Aetna Extra Benefits Card Members will have “wallets” that hold allowances for their spending options. Wallet allowances on D-SNP plans are monthly with roll over, and on Value Plus (LIS) plans are quarterly without roll over.
Aetna now offers guaranteed acceptance to qualifying applicants for their Protection SeriesSM Hospital Indemnity Flex plans in eight additional states: Colorado, Connecticut, Illinois, Kansas, Maryland, Michigan, South Carolina, and Washington. These additions bring the total to 35 states where guaranteed acceptance is available for this product.
Special Enrollment Period: Missouri Emergency Declaration – Hurricane Lee