254,095 Producers on the Wall....

[Yagents]

A MUST read article, lots of nuggets for us, and an explanation of how they got 254,095 beers on the wall.......errr , I mean agents. ............"Tater falls down, pass it around, 254,094 agents remaining on the wall"

Sign up starts 7/1
51 minute training session
Our own websites for enrollment are ok
Choose IFP or SHOP only or both
A trick question enclosed - I figured it out, typical test question

CMS posts exchange producer registration drafts | LifeHealthPro

 

[taterpeeler]

A MUST read article, lots of nuggets for us, and an explanation of how they got 254,095 beers on the wall.......errr , I mean agents. ............"Tater falls down, pass it around, 254,094 agents remaining on the wall"

Sign up starts 7/1
51 minute training session
Our own websites for enrollment are ok
Choose IFP or SHOP only or both
A trick question enclosed - I figured it out, typical test question

CMS posts exchange producer registration drafts | LifeHealthPro

here we go....... I noticed that 27% of all brokers work with one company....

 

[somarco]

How do I imbed the image instead of attach it?

Wrong forum.

This is a question reserved for those in the 1000 club.

Since there will only be a scant few carriers selling on any given state's exchange, they might collude to match each other's base commission structure, just like the gas stations in town do?

Spent too much time on the mother ship?

Carriers made a dash for the bottom last year under MLR but most came up with creative ways to reward producers via bonus plans.

Expect something similar here.

If Sebelius orders these carriers to get the army of 250,000 agents

I believe this is an expecation, not a minimum standard.

Kind of like reducing everyone's insurance premiums by $2500 . . . or 3000%.

314 million doesn't go very far when spread among 254,095.

My Alibama calculator says somewhere around $1064 per producer.

 

[VolAgent]

My Alibama calculator says somewhere around $1064 per producer.

Now subtract out Medicare, Medicaid, Tricare, and employer coverage (at least for those that will still offer it). Oh, and you have to break that into family units, so divide by 2 to get a rough estimate.

 

[somarco]

Now subtract out Medicare, Medicaid, Tricare, and employer coverage (at least for those that will still offer it). Oh, and you have to break that into family units, so divide by 2 to get a rough estimate.

I was told there would be no math.

 

[djs]

So, if an agent is licensed in 3 states, is that 1 producer or 3?

I'm going to assume they will count each state registration as a unique producer, if for no other reason than to show how popular it is among agents.

This means the numbers will be way skewed. Imagine that.

 

[Dave020]

I would assume they are using NPNs and not DOI licensed numbers

 

[djs]

Maybe....
But you are not a politician that needs to sell it. This is where you can twist numbers a lot.

Dan

 

[taterpeeler]

so.... does this mean anything? this is from the exchange appointment PDF kinda scary:

The Bureau of Labor and Statistics (May 2011) indicates that for its labor category, Insurance Sales Agent, the average individual wage was $30.28 per hour. Trending this wage up by 3% for each of two years results in an expected hourly wage for agent/brokers of $32.12.

 

[stuy119]

It skips the important fact that most insurance sales agents work an average of 10 hours per week.