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Walt Bernard Podgurski,  Editor,  440-773-1108, 
Walt@DailyInsuranceReport.com

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Editorial Mission Statement: The goal of this publication is to provide readers a broad selection of what is being written about the insurance industry and related issues. Some articles may have a “tilt” towards a particular perspective one way or another. Inclusion in this newsletter is not an endorsement of any views or content; but report the various and differing views appearing in media.
  Thursday, 03/07/19 - https://DailyInsuranceReport.com 

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How much your healthcare costs in all 50 states
Emma Court / Business Insider

In several US states, workers may have paid more than $8,000 for healthcare in 2017. Joe Raedle/Getty Images
Healthcare is costly — but costs also vary tremendously based on where you live.
Workers in some states paid potentially as little as $4,700 for healthcare in 2017, while costs in several other states topped $8,000, a report from The Commonwealth Fund found.

Healthcare in the US is expensive, and the cost is increasing faster than wages are growing.

A report from The Commonwealth Fund paints a picture of just how expensive. It also shows how much costs vary based on where you live.

In 2017, healthcare cost as little as $4,700 in Hawaii or $5,500 in Michigan, for example. Meanwhile, costs were much higher in other states, and several topped $8,000.

The report looked specifically at how much workers could be paying for health insurance coverage and for out-of-pocket costs like medical procedures and prescription drugs.

Here are the 10 most expensive states:

10. Nebraska: $7,897.
9. Tennessee: $7,900.
8. North Carolina: $8,015.
7. Alaska: $8,058.
6. Arizona: $8,060.
5. Virginia: $8,104.
4. Texas: $8,239.
3. Delaware: $8,279.
2. South Dakota: $8,286.
1. New Hampshire: $8,289.




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The Past And Future Of Health Care Reform: What The Polls Tell Us About Medicare For All
Karlyn Bowman, Contributor / Forbes

Taken together these responses do not suggest Americans are ready to scrap the current system. That is also what the polls show. Gallup’s 2018 question shows that 54% prefer a health care system based on private insurance, while 40% prefer a government-run system.

When the Kaiser Family Foundation asked people about some arguments made for a Medicare for All plan, 60% said they would oppose it if it required most Americans to pay more in taxes. Fifty-eight percent would do so if it eliminated private health insurance companies, and 60% would oppose it if it threatened the current Medicare program. A majority of the public (70%) would oppose Medicare for All it if it meant delays in getting tests or treatments. In another Kaiser question, 47% of Democrats said Democrats in the House should focus on improving and protecting the Affordable Care Act, while 44% said they should focus on a Medicare for All plan.



Healthcare Startups Raised $1.9 Billion From Venture Capitalists In February
Michela Tindera / Forbes

Venture capital fundraising among healthcare startups was down on a year-over-year basis last month. Startups raised $1.88 billion in February, according to an analysis conducted by Pitchbook for Forbes. That’s down 28% from February 2018’s record $2.61 billion total fundraising count.

But don’t be fooled, startups still raised a lot of money last month. The $1.88 billion is still the second-highest amount of funding raised during February in Pitchbook’s records kept since 2008. And still, startups last month raised more per deal than they did the year prior. Last month’s $1.88 billion was spread among 86 deals, while last year $2.61 billion was spread among 140 deals. On average, each deal raised about $22 million versus $18.6 million, respectively.



New York authorities subpoena Trump insurance broker
By JIM MUSTIAN and BERNARD CONDON / Associated Press / Star Tribune

New York regulators have sent a subpoena to the Trump Organization's longtime insurance broker, a request that comes days after President Donald Trump's former attorney, Michael Cohen, told Congress the president had misled insurers about the value of his assets.

The brokerage, Aon, told The Associated Press on Tuesday it intends to cooperate with the inquiry by New York's Department of Financial Services, the agency that regulates the insurance industry.



Lawsuit: Anthem's 'deceptive marketing' made patients think WellStar, Emory in network
Morgan Haefner / BECKER'S HOSPITAL REVIEW

An Atlanta law firm filed a lawsuit under the ACA that seeks to allow thousands of individuals with Anthem Blue Cross coverage to get a special enrollment period after they were "falsely" lured into plans that didn't include certain providers, according to a March 4 complaint.



For Bigger Tax Refund, Fund Your IRA; for a Better Rate on Your Money, Use a Fixed Annuity
ACCESSWIRE

A fixed-rate annuity is one of the best choices for an IRA because it offers a guaranteed interest rate and guaranteed principal.

You can buy a five-year fixed annuity that pays a 4.00 percent annual rate, according to https://www.AnnuityAdvantage.com, which tracks interest rates from dozens of insurers. The top five-year bank CD pays much less: 3.10 percent.

You can get the same 3.10 percent guaranteed rate on a three-year fixed annuity.

The fixed-rate deferred annuity is one of the most popular choices because of its simplicity. It guarantees a set interest rate for a number of years.



Long Term Care Insurance Product, EssentialLTC, Approved in Hawaii
PRWEB

National Guardian Life Insurance Company (NGL) announces approval of its Long Term Care insurance product, EssentialLTC, in Hawaii effective as of February 15, 2019. EssentialLTC is now available in 47 states and the District of Columbia.

“We’re excited that Hawaiians can say Aloha (hello) to affordable and comprehensive Long Term Care insurance protection,” said Marc Glickman, Chief Sales Officer at LifeCare Assurance, administrator for NGL’s EssentialLTC.

EssentialLTC offers a wide range of both affordable benefits and asset protection through flexible options, including joint policy pricing, lifetime benefits, shorter premium payment durations, return of premium options, and the acceptance of 1035 exchanges.



2019 ICMG Conference Feedback
The Inter-Company Marketing Group (ICMG), a non-profit association that fosters and promotes business networking among insurance and financial services companies, has announced unusually strong positive feedback for its annual conference, held February 5-6, 2019, in Scottsdale, Arizona.

According to ICMG's executive director Larry Sigle, "The ICMG board worked very hard this year to provide attendees with a good blend of networking events, for which we've been historically known, combined with top-notch speakers and panelists in some new topic areas. For example, speakers addressed technological innovation in insurance, disruption and how to stay ahead of it, and accessing capital for business growth, among many other themes."
https://www.icmg.org



Relation Insurance Acquires California Employee Benefits Brokerage Villane Ward
BUSINESS WIRE

Relation Insurance Services (“Relation”), a privately owned insurance brokerage that offers property and casualty, risk-management, benefits, and TPA-consulting services through its family of brands across the United States, announced today it has acquired Villane Ward Insurance Services, Inc. (“VillaneWard”), a privately owned and operated employee benefits brokerage based in Fresno, California. Terms for the transaction were not disclosed.

Villane Ward has established itself as a premier employee benefits firm in Fresno. The company specializes in mid market clients, offering group benefits including healthcare, HR and benefit compliance, benefit administration, self-insurance and individual insurance. The acquisition is expected to bring together complementary portfolios in the Fresno area and enhances Relation’s Employee Benefits capabilities in the West.



Marsh & McLennan (MMC) Arm Acquires Employee Benefits Group
Zacks Equity Research

Marsh & McLennan Companies, Inc. (MMC - Free Report) recently announced that its subsidiary Marsh & McLennan Agency LLC (“MMA”) has completed the buyout of Employee Benefits Group, Inc. The acquired company is a Bethesda, MD-based independent insurance agency, which deals with employee benefits and retirement consulting. However, terms of the transaction were not disclosed.


  Archives

Monday, 03/04/19 - DNA Privacy: Test Results Could Affect Your Life Insurance Coverage

Tuesday, 03/05/19 - Could state retirement plans create opportunity for advisers?

Wednesday, 03/06/19 - Will $14.5 billion plug GE's long-term care insurance hole? Some experts say 'No'

Thursday, 02/28/19 -
America's 'inefficient' health care system is driving our fiscal instability: Federal Reserve Chair Jerome Powell

Friday, 03/01/19 - 2019 TOP 100 Retirement Plan Advisers List


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Walt Bernard Podgurski - - Editor
440-773-1108
Walt@DailyInsuranceReport.com