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Tag: Plans

Are you wasting money on Medicare supplement plans?

October 13, 2020
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| money

By Paul Davis | Contributing Writer

You may think this as a devious come-on from an unscrupulous insurance agent. But really, my intent is to try to connect with people who are truly overpaying on their present plans without realizing it.

If you watch TV, it’s difficult to avoid commercials for Medicare Advantage HMO plans that have zero monthly premium. Those plans are great for people who have doctors contracted with those plans and comfortable with the HMO concept. FYI, some of those plans include providers contracted with UCLA and Cedars-Sinai Medical Center. Many people find that surprising.

But this article is more for those people who want to have freedom of choice and do not mind paying a monthly premium for a Medicare Supplement (also known as a Medi-gap) plan.

If you’re on a Plan J, which has not been sold since 2010, you are on the richest standardized

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Sam’s Club Unveils New Plans For Holiday Season; To Hire 2,000 Associates

October 8, 2020
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| business

(RTTNews) – Sam’s Club, a division of Walmart, Inc. (WMT), announced Thursday that it plans to deliver something special throughout the holiday Season. The company is also hiring 2,000 permanent, full-time supply chain associates to support the expected demand amid a busy shopping season.

Sam’s Club would add more days of deals for its members, introduce more newness, more often in clubs and online, and plan unexpected moments that delight shoppers throughout the season.

The decision is based on a survey of its members regarding holiday shopping plans. Among them, 61 percent said they would be shopping more online this year, and 31 percent said they would be shopping earlier than past years.

The company is offering more days for members to save through holiday savings events. October Savings Event has already started from October 4. The other events include November Instant Savings from October 28 to November 29; November

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ANALYSIS-In Nagasaki, bank consolidation may expose flaws in economic rescue plans

October 8, 2020
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| business

By Leika Kihara and Takahiko Wada

NAGASAKI, Japan, Oct 8 (Reuters) – Once seen as a model for consolidation, the merger of two regional banks in Nagasaki may expose flaws in Prime Minister Yoshihide Suga’s plan to revitalise regional economies by creating stronger lenders.

In Nagasaki’s distant past, the city was a stronghold of trade and finance. These days, Japan’s larger ports soak up all the business, and local banks, crippled by a stagnant economy and shrinking customer base, scrap for profits.

That made the Oct. 1 merger of Eighteenth Bank and Shinwa Bank a potential test case for turning around the city’s fortunes. The new institution, formed after a lengthy battle between the antitrust watchdog and financial regulators, has a roughly 70% share in the southern Japanese prefecture.

The merger has the blessing of Suga, who has emphasised the need for regional banks to consolidate to survive dwindling

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Marijuana grower buys 5-acre industrial site in Bay City’s South End, plans to create 100 jobs

October 7, 2020
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| business

BAY CITY, MI – Bay City’s South End is one step closer to becoming the new home of a state-of-the-art marijuana growing facility that promises to bring about 100 jobs to the area.

On Monday, Oct. 5, the Bay City Commission approved an Industrial Facilities Tax Exemption Certificate application for Shango Park Bay City Inc. to allow the company to rehabilitate a vacant 24,800-square-foot building located at 1601 Garfield. The approved IFT is for the total amount of $7 million for 12 years.

Shango’s proposed plan involves turning the empty building and its 5-acre property into a mixed-use facility for marijuana cultivation, processing and storage, with the possibility for corporate offices. The existing structure will primarily be used for cultivation and offices while additions are planned to include a bakery and extraction lab.

Construction is slated to start in Fall of 2020, with the first phase of construction estimated to

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Walmart to Begin Selling Health Insurance Plans

October 7, 2020
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| insurance

Customers can find a vast range of goods at Walmart (NYSE:WMT). Starting next week, they will be able to put a health insurance policy in their shopping cart, too.

The big retailer announced Tuesday that it is launching Walmart Insurance Services, a licensed brokerage, on Thursday, Oct. 15. The unit, which is licensed in all 50 states plus the District of Columbia, will begin by selling Medicare insurance plans. The start date is no accident, as that is the beginning of Medicare’s Annual Enrollment Period (which runs through Dec. 7).

In that initial stage, Walmart Insurance Services will sell Medicare plans from a variety of well-known providers, including but not limited to Humana, Anthem, and UnitedHealth Group‘s UnitedHealthcare. The company says more might be added in the future.

Stethoscope atop US currency and insurance claim form

Image source: Getty Images.

The initial concentration on Medicare plans is in character for Walmart, which for years

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Clover Health SPAC plans and growth projections for Medicare

October 6, 2020
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| business

  • The Social Capital SPAC led by billionaire Chamath Palihapitiya is acquiring Clover Health in a $3.7 billion deal that’ll take the health insurance company public. 
  • In 2021, Palihapitiya projects the company will grow its membership roughly five times what it was this year.
  • Clover Health president and chief technology officer Andrew Toy said that projected growth largely comes from the potential participation in a new Medicare program that’s yet to be finalized. 
  • For more stories like this, sign up here for Business Insider’s daily healthcare newsletter.

Social Capital’s Chamath Palihapitiya is looking to acquire the health insurance company Clover Health via a SPAC. 

The special-purpose acquisition company Social Capital Hedosophia Holdings Corp. III will merge with Clover in a $3.7 billion transaction that’s slated to close in 2021, the companies said in a statement.

Clover offers private health-insurance plans for seniors, a product called Medicare Advantage. Competition is fierce for

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Redfin Survey: 22% of Homebuyers and Sellers Say the Presidential Election Is Impacting Their Plans

October 6, 2020
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| business

Analysis Finds Past Presidential Elections Had Little Impact on Home Sales

Redfin Forecasts $6.2M Homes Sales in 2020, the Most Since 2006

SEATTLE, Oct. 6, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Twenty-two percent of homebuyers and sellers said the upcoming presidential election is impacting their plans to buy or sell a home, according to an August survey from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s down from 32% in November 2019, per a similar Redfin survey. The drop from last year is likely due to the pandemic, which seems to be outweighing the election as a factor for homebuyers and sellers.


Redfin Logo (PRNewsfoto/Redfin)

Thirteen percent of respondents said the election is making them more hesitant to buy or sell a home, down from 20% in November 2019. Nine percent of respondents said the election is making them less hesitant to buy or sell a home, down from 12%

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Walmart launches health insurance plans in time for Medicare open enrollment

October 6, 2020
| No Comments
| insurance

Kaltbaum Capital Management President Gary Kaltbaum on Walmart launching a subscription service, Amazon getting into the luxury market, Hobby Lobby raising employee wages and Taco Bell coming out with a wine.

Walmart is entering the health insurance business, just in time for those signing up for Medicare open enrollment this fall.

The Bentonville, Ark.-based retailer announced Tuesday the opening of Walmart Insurance Services to “assist people with enrolling in insurance plans—and simplify what’s historically been a cumbersome, confusing process.”

“We want customers to feel confident in selecting a Medicare plan that best fits their needs, budget, and lifestyle,” David Sullivan, general manager of Walmart Insurance Services, said in a statement. “And we want to be a trusted partner on their health care journey.”

WALMART TO TEST DRONE DELIVERY OF COVID-19 TEST KITS

Walmart Insurance Services, a licensed insurance brokerage, will begin selling Medicare insurance plans during this year’s Annual Enrollment

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DICK’S Sporting Gains on Aggressive Store Expansion Plans

October 6, 2020
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| business

The coronavirus-led temporary store closures have severely impacted retailers’ top line. While several companies have gone bankrupt, others have shut down businesses. Despite the gloomy scenario, DICK’S Sporting Goods, Inc. DKS has emerged as one of the retail companies that has managed to not only resume operations but is also gradually witnessing improved trends. Encouragingly, it is making every effort to expand its store network across the United States.

Notably, the company has been on a store expansion spree for quite some time now. It is set to launch six DICK’S Sporting Goods stores, two combination DICK’S and Golf Galaxy stores, and three DICK’S Sporting Goods Warehouse stores this month. Post the opening of these stores, the company will operate 732 DICK’S Sporting Goods stores, 97 Golf Galaxy stores and 14 Warehouse Sale stores in 47 states.

To commemorate the events, there will be a ribbon cutting ceremony and

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Alexion Plans to Boost Revenue Guidance, Buy Back $3 Billion of Stock

October 6, 2020
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| business

Alexion Pharmaceuticals  (ALXN) – Get Report shares rose Tuesday after the biopharmaceutical company announced plans to raise full-year revenue guidance by more than $200 million and to execute at least $3 billion of stock buybacks in 2021 to 2023.

The stock was up 2.39% to $118.00 in premarket trading. Shares have climbed 7% year to date through Monday.

Alexion said it has a “robust pipeline of more than 20 development programs across seven rare disease franchises, with expected continued growth from more than five novel investigational new drug applications by 2025.”

That pipeline is up from four at the end of 2017, with “the potential for 10 promising launches by 2023,” the company said.

Alexion said it “continues to expand into additional therapeutic areas as it builds seven rare disease franchises across hematology, nephrology, metabolics, neurology, cardiology, ophthalmology and acute care, which have the potential to deliver more

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