A Positive Perspective to Health Care Reform?

[Norwayguy]

Which is about 20% or greater when you compare premiums of NJ vs other states - something to consider. Also consider a lot of these companies in GI states have captive agent agreements - maybe Winter can comment on Anthem in ME, I thought it was captive only?



For example BCBS... Horizon BCBS.

You can get licensed to sell Anthem BCBS in Maine....2 seperate programs the Senior Division MA, PDP and Medsupp which has no requirements and the General Agent that requires a $1 Million dollar premium commitment which I can tell you is not being done on small group or IFP.

 

[ABC]

The only positive thing I can find so far is brokers are still in the equation.

I have a lot of questions that no one can answer.

There are rumors of carriers are ready developing plans that will operate outside of any exchange. This is on the individual side but the first thing these plans will ask is your credit score.

On the small group side what carriers are going to be in the exchange? All of them? Only National carriers? Only Regional? Only non profit?

I do agree with everyone else that brokers comp on indy and small group will get cut. Most of the part time insurance hacks will be gone. I also predict the large agencies will dry up. How are producing agents going to work for a much small % of the pie?

 

[Crabcake Johnny]

Do you think there are more agents selling auto or individual health. Auto's comp is 10% to 15% and fully underwritten with a smaller premium then indie health. It's a volume game.

And what don't you see in with auto? Ads like this:

"HOLY CR*P!!!! WE HAVE AGENTS EARNING SIX FIGURES PART TIME WORKING FROM HOME!!!!!"

Those kinds of agents - and the agents who get lured into the industry by those ads will all go away....very shortly.

If you are not a career "I live and breathe" health insurance agent you'd better polish up your resume.