Agent Commission Update (NAHU)

[Dave020]

Just a Friday FYI from "the Traut"............

I want to take a moment to highlight and underscore the many positive accomplishments we, as an association, have achieved in the legislative phase of health care reform.

Due in large part to your efforts, our association made great strides in making a bad bill much better for our industry. The new law specifically includes health insurance agents and brokers as the marketing force for the purchase of private health insurance coverage both inside and outside the new exchanges (§1312(e) of the PPACA (P.L. 111-148)). Although subsidies will only be available to individuals who purchase coverage inside the exchanges (clearly an unlevel playing field which we strongly lobbied against), HHS will establish procedures under which a state could permit insurance agents or brokers to enroll individuals and employers in an exchange plan and assist them in applying for premium and cost-sharing subsidies.

Moreover, agent and broker commissions and compensation will continue to be established in the marketplace with state oversight―through negotiations between agents/brokers, insurance carriers and those for whom they provide services, based on the particular services involved and the competitive environment. Government regulators will not set agent commissions and fees, as was initially proposed in the Senate legislation.

Another thing to keep in mind is that the exchange structures and mechanics are not going to be dictated from Washington―they will be implemented and designed on a state level, where NAHU members have developed great relationships and earned a commendable reputation.

 

[Full Throttle]

HHS will establish procedures under which a state could permit insurance agents or brokers to enroll individuals and employers in an exchange plan and assist them in applying for premium and cost-sharing subsidies.

I don't trust my state.

 

[bill3173]

The carriers are not going to cut commissions the way that a lot of agents think. Some may use it as an excuse, or try to use it as an excuse early on, but then we'll be back to business as usual.

 

[GreenSky]

The carriers are not going to cut commissions the way that a lot of agents think. Some may use it as an excuse, or try to use it as an excuse early on, but then we'll be back to business as usual.

Give me the lotto numbers for tomorrow night as well.

Rick

 

[stuy119]

Great time to be in the communist state of IL. Lovely.