ACA Regulations Slow Down? - Watch Out, Here They Come!

[pcbinsurance]

"What should I do? I'm holding a 2, 4, 7, 9 and a Queen....all different suits."
********************************
That's quite a hand. 5 Suits even. The 5th suit might be a jackass since he won reelection.

 

[Ann H]

Like ABC and TaterPeeler said, keep selling!

Here are the cards I will play:

1. Continue to diversify and establish multiple sources of income
2. Learn, learn, learn - become an EXPERT in the rules
3. Dig out the contact information of all clients, old & new, all prospects, everyone who ever contacted you regarding insurance. Include all employees of your groups, all their spouses, every email address that you can see on the carrier's website for those insureds.
4. Put those contacts in a crm or database. Include dates of birth and social security numbers, because you will need it later, but don't put that info on the cloud.
5. Begin communicating via newsletters, blogs, etc. Establish yourself as the go-to person.
6. Upgrade your websites, pay attention to SEO, get some great domain names.
7. Pre-screen your clients early, by finding out if they are likely to qualify for a subsidy or not, what are their needs, their prescription usage, their favorite doctors, their group insurance options. This will cut out time at open enrollment time, but also establishes you as the person who is interested in every detail of their health care choices. Make sure you talk to the WIFE - she makes the decision about health care, you know.
8. Attend webinars, only attend seminars when necessary, learn the new products when they arrive (probably June to September 2013). Learn everything you can about the exchange and how it works.
9. Have options for people who will pay the tax (if there are GOOD options available - not limited benefit). Cross-sell when you can fill a need.
10. Jump on open enrollment early, plan to work your tail off from October to January, and then just work your legs off from January to March.
11. Count the money later.
12. Go on vacation
13. Work April to August on some other source of income.
14. Plan for 3 years of this
15. Get out. Agents will be kicked out anyway - this is headed for nationalized healthcare.

 

[dgoldenz]

Play the Q 9 and hope you hit 10 J K.

Q9 is a terrible hand to play. Someone is going to show up with AQ when you flop that 10JK....

 

[pcbinsurance]

An article today in the NY Times:

States Face Tight Health Care Deadlines - NYTimes.com

 

[Yagents]

Like ABC and TaterPeeler said, keep selling!

Here are the cards I will play:

1. Continue to diversify and establish multiple sources of income
2. Learn, learn, learn - become an EXPERT in the rules
3. Dig out the contact information of all clients, old & new, all prospects, everyone who ever contacted you regarding insurance. Include all employees of your groups, all their spouses, every email address that you can see on the carrier's website for those insureds.
4. Put those contacts in a crm or database. Include dates of birth and social security numbers, because you will need it later, but don't put that info on the cloud.
5. Begin communicating via newsletters, blogs, etc. Establish yourself as the go-to person.
6. Upgrade your websites, pay attention to SEO, get some great domain names.
7. Pre-screen your clients early, by finding out if they are likely to qualify for a subsidy or not, what are their needs, their prescription usage, their favorite doctors, their group insurance options. This will cut out time at open enrollment time, but also establishes you as the person who is interested in every detail of their health care choices. Make sure you talk to the WIFE - she makes the decision about health care, you know.
8. Attend webinars, only attend seminars when necessary, learn the new products when they arrive (probably June to September 2013). Learn everything you can about the exchange and how it works.
9. Have options for people who will pay the tax (if there are GOOD options available - not limited benefit). Cross-sell when you can fill a need.
10. Jump on open enrollment early, plan to work your tail off from October to January, and then just work your legs off from January to March.
11. Count the money later.
12. Go on vacation
13. Work April to August on some other source of income.
14. Plan for 3 years of this
15. Get out. Agents will be kicked out anyway - this is headed for nationalized healthcare.

Stop looking over my shoulder

 

[Norwayguy]

Q9 is a terrible hand to play. Someone is going to show up with AQ when you flop that 10JK....

Flop as in Texas hold em....I don't play it all the time but last time I looked you are not dealt five individual cards as he originally posted.

 

[AllenChicago]

$9.1 BILLION Dollars in New Regulations from HHS in JANUARY 2013 ALONE!

The Department of Health and Human Services passed three new rules over the course of just four days, adding $9.1 billion of regulatory burden during the first month of the new year, a new report claims.

According to a study by the American Action Forum released Friday morning, the new regulations will "account for 797 pages, $9.1 billion in new costs and 10.6 million additional paperwork burden hours."

One of the major costs came from the expansion of Medicaid, the State Children's Health Insurance Program, and the state-based health insurance exchange programs, all mandated under the Affordable Care Act. The total price tag is $2.6 billion with a paperwork burden of 518,432 hours. HHS only allowed 17 working days to submit comment on the nearly 500-page overhaul of Medicaid and SCHIP programs.
The other two rules come from the Food and Drug Administration. One rule is to create standards for harvesting and holding produce for humans to consume is expected to cost $3.2 billion over a seven year period andg 1.3 million in paperwork hours.

The last regulation is to standardize and modernize manufacturing practices and analysis for hazardous food, which will cost between $2.2 billion to $3.3 billion over a seven-year period, adding 8.8 billion hours of paperwork burden.
Combined, these two FDA rules will add "10.1 million additional paperwork burden hours that would require 5,005 employees dedicated solely to red tape compliance," the study says.

"The burdens from these three proposed rules represent a fast start to 2013," American Action Forum concludes.

Source: Study: HHS adds $9.1 billion in new regs in January | The Daily Caller

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