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New Annexus Product Compliant With Florida S 2176

Annexus and Aviva have reacted quickly to FL S 2176, releasing two new products specifically for Florida that are compliant with the new law.

Growing Need for Dental Insurance Among Seniors

Lack of Medicare dental coverage, a growing senior population, and dental care-related medical concerns are increasing the demand for Senior Dental insurance.

Retirees Experiencing a Different Kind of Liquidity Crisis

The economic crisis of 2008 sparked a flight to safety among investors, especially retirees. But a study indicates that some went too far.

How to Switch Your Clients From MA Plans to Med Supps During the Annual Disenrollment Period

The following information will help you assist MA members with the transition from MA to Med Supp from January 1st to February 14th when the ADP ends.

New York Regulation 194 Requires Agents to Disclose Compensation

Effective Jan. 1, 2011, New York Regulation 194—“Producer Compensation Transparency”—requires insurance agents to disclose compensation details to clients.

New Florida Annuity Law Limits Surrender Charges, Affects Annexus Products

Florida law FL S 2176 goes into effect January 1, 2011 and limits surrender charges on the annuity products insurance carriers can issue to “Senior consumers.”

CMS Star Ratings a BIG Deal in 2012

CMS announced that it will create a Special Election Period that allows Medicare beneficiaries to enroll in 5-star MA plans at any point during the year.

Means Testing for Part D Premiums

Starting in 2011, Part D enrollees whose incomes exceed $85,000 (for individuals) or $170,000 (for joint tax returns) will pay more for their Part D premium.

LIMRA: Half of U.S. Households Say They Need More Life Insurance

According to a recent survey by LIMRA, almost 8 in 10 American households do not have a life insurance agent or broker, and most of them say they never did.

Forbes Piece Smears Indexed Annuities

Fixed Indexed Annuities are under attack once again in the financial media.

Annual Disenrollment Period

The Health Care Reform bill eliminated the OEP and replaced it with an Annual Disenrollment Period (ADP) that runs from January 1 to February 14.

CMS Marketing Violations: A Cautionary Tale

In case you need a reminder that CMS is always watching, see last week’s announcement of CMS sanctions on three Medicare health and drug plan sponsors.

Indexed Annuities Raise the Bar With Third Quarter Sales

Indexed annuity sales for the third quarter totaled $8.7 billion, up 6% from last quarter and, with one more quarter to go, are on pace for a record year.

November Is Long-Term Care Awareness Month

November is designated as national Long-Term Care Awareness Month to build awareness for the type of care needed by those with a chronic illness or disability.

Small-Business Legislation (H.R. 5297) Enhances Annuities

The Small-Business Jobs Act (H.R. 5297) contains a provision that aims to make annuities more attractive to consumers looking for retirement income.