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Posts Tagged ‘assurant’

Despite boost in social security, rising Medicare Part B costs leave seniors in bind

Wednesday, October 11th, 2017

News Medical reports:

“Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.

Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.

(more…)

Assurant to sell money-losing health insurance operations

Tuesday, May 5th, 2015

Modern Healthcare reports:

“Insurance giant Assurant is looking to sell its health insurance division, Assurant Health—a company that has been active on the Affordable Care Act exchanges but has hemorrhaged tens of millions of dollars.

It’s likely another insurer will emerge to acquire Assurant Health, industry sources say. Health insurers have been eager to snatch up any available asset, but sellers have been few and far between. Assurant Health covers roughly 1 million people and had $2 billion of premium revenue last year.

(more…)

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