Half of Medicare supplement providers foresee growth this year

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Nearly half (48%) of Medicare supplemental coverage providers expect to grow this year, while another 40% of providers surveyed said they expect sales to match their 2010 levels.

In a survey from Gen Re, the two most common challenges facing Medicare supplement providers for the second straight year were competition and sales growth.

The survey involved 58 companies, representing 61% of the overall Medicare supplement market, which accounts for about $12 billion in annualized premium.

The most frequently mentioned corporate challenges were competition and federal health reform, according to the 2010 Medicare Supplement Market Survey.

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    • Nearly Half of Medicare Supplement Providers Expect Growth in 2011 « Ritter Insurance Marketing

      [...] This story came from the IFAwebnews.com website.  In a survey conducted by GenRe (a major reinsurer of the Medicare Supplement business) of Medicare Supplement insurance providers, nearly half (48%) expected growth in 2011 versus 2010.  Another 40% expected no change in sales from 2011 to 2010.  Doing a little math, there are only 12% of providers who expect lower growth in 2011. [...]

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