Trautwein for April LAAHU Event

Janet Trautwein, NAHU executive vice president and CEO, will speak at the Los Angeles Association of Health Underwriters 2022 Symposium at the Pasadena Convention Center April 26. Register to attend here. More info at LAAHU.org.

Do you have an event coming up? Don’t forget to keep us posted so we can share: editor@calbrokermag.com

HEALTH

Open for Business: The Optum Store

Here’s some great info for your clients who have UnitedHealthcare medical insurance. The insurer operates an online  Optum Store, which is part of UnitedHealth Group’s investment in creating digital health solutions that meet the needs of diverse populations. The online marketplace offers a simple way to find, compare and select hundreds of over-the-counter health products and prescriptions, as well as health and wellness services.

Now the Optum Store accepts eligible UnitedHealthcare medical plans or Optum Rx pharmacy insurance as a payment option. UnitedHealth Group team members and consumers across the U.S. in eligible plans can use their insurance to fully or partially pay for prescriptions, products like sunscreen and vitamins, at-home COVID-19 tests and virtual health care visits, depending on a plan’s coverage.

Using UnitedHealthcare Medical Insurance

To apply your insurance to your eligible Optum Store purchases, take the following steps:

  1. Visit store.optum.com
  2. Log in to your Optum Store account. If you don’t have an account yet, click the dropdown menu next to ‘Sign In’ and select ‘Create Account.’
  3. Click on the dropdown menu next to your name
  4. Select Payment and provide the requested insurance information

Simple! Some over-the-counter medications and health products are not covered under insurance, but HSA cards and credit cards are also accepted.  More info at Optum Store FAQ. For more info on COVID-19 tests, go to at-home testing FAQs.

APPOINTMENTS

Lara Announces New Members to Boards
California Insurance Commissioner Ricardo Lara announced several new appointments to multiple statewide boards. The appointments include one new member to the California Long Term Care Insurance (LTCI) Task Force, one member to the California Earthquake Authority (CEA) Advisory Panel, three members to the California Insurance Guarantee Association (CIGA) Board of Governors, one member to the California Organized Investment Network (COIN) Advisory Board, five members to the Insurance Diversity Task Force, and one member to the Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee.  More details here.

MEDICARE

Most Docs Won’t Get More In Medicare Payments

Medicare payments to physicians don’t need to be increased next year, the Medicare Payment Assessment Commission (MedPAC) said in a report to Congress. The Medical Group Management Association (MGMA), which represents physician practices, and the American Medical Association are not so happy. MedPAC contends, however, that the data suggests physicians aren’t opting out, which means that the payments must be okay. Read the whole story on MedPage Today.

CLIMATE CHANGE

SEC, Many Advisers Say Climate Change Transparency a Good Thing

The Securities and Exchange Commission this week made available a more than 500-page proposal that for the first time would require companies registered with the agency to disclose how climate risks impact their businesses and how their operations affect the climate. Companies would be compelled to report greenhouse emissions produced by their activities, their energy purchases and by their supply chain. While many companies already provide this info to the public, the SEC’s proposal would mandate the disclosures and help ensure consistent reporting. Aron Szapiro, head of retirement studies and public policy at Morningstar Inc., told InvestmentNews that the proposal is answering a need for environmental information in the financial markets. There is opposition, however. According to InvestmentNews:

Republican SEC Commissioner Hester Peirce tore into the proposal at Monday’s SEC open meeting, reflecting skepticism on the right. Peirce said the proposal bolsters the agenda of climate activists but isn’t grounded in the materiality that has always been the foundation of SEC financial disclosures.

MAY

Register Now for Capitol Summit in Sacramento!

May is an excellent time to make your way to Sacramento for CAHIP’s in person Capitol Summit!  Join colleagues May 9-11 at the Kimpton Sawyer Hotel. At this event, you’ll get a chance to:
  • Meet with state legislators
  • Hear from industry thought leaders
  • Stay up to date on federal and state efforts
  • Share ideas with colleagues — and have some fun!

Registration info here. Sponsorship info here.

FINTECH

MDRT Says Most Want Humans + Tech

A recent MDRT survey found that 56% of Americans say they want their finances handled by a mixture of human advisors, robo-advisors and other technological tools — rather than just one those. Of course, this should be a relief to all those humans who fear they’ll be replaced.
The survey examines consumer fintech preferences and their personal use of technology for financial planning:
  • 69% of robo-advisor users also report having a human financial advisor.
  • 68% of Americans say they use at least one social media platform to learn about finance and investing.
  • 52% of human advisor clients say they expect half or more of their meetings with their advisor will be virtual in 2022.

YOUR HEALTH

Venting Doesn’t Work– Sorry

Wanna make people in your life who are emotional superexpressers even more upset? Next time they blow their tops, send them this article about why that whole notion about venting being healthy is simply wrong. Feeling anger or upset and talking about it constructively is helpful, but simply expressing (venting, ranting, raging etc) can be counterproductive even.

PEOPLE

Transamerica Appoints Jamie Ohl as President of Individual Solutions  

 Transamerica announced the appointment of Jamie Ohl as President of its Individual Solutions division and a member of the Transamerica Management Board, effective March 30, 2022. Ohl replaces Blake Bostwick, who has led Individual Solutions since 2020. Ohl will lead all aspects of Transamerica’s individual life and annuity business lines. In addition, she will lead the growth and expansion of Transamerica’s wholesale and retail distribution for life insurance, annuities, and mutual funds along with the affiliated networks of World Financial Group, Transamerica Agency Network and Transamerica Financial Advisors, Inc. Ohl will report to Will Fuller, President and CEO of Transamerica.

EVENTS

  • LAAHU Annual Symposium, in person, April 26, Pasadena Convention Center. Info here.
  • CAHIP’s Capitol Summit, in person, May 9-11, Kimpton Sawyer Hotel, Sacramento. Registration info here. Sponsorship info here.
  • NAAIA Spring Career Fair, online, May 24, 11am-1:30pm Pacific, More info here.
  • BenefitsPro Broker Expo, in person, May 23-25, 2022, Austin, TX. Request more info here. Register here.