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The Pittsburgh Penguins are all fishing. But the Google Penguins are alive and well!
All Quiet on the Homefront
- Thread starter taterpeeler
- Start date
- 9,744
I suppose that you guys are hoping-against-hope that comp will go back up to prior levels if overturned by SCOTUS? If so, please let me know if you'd like a small (or big) wager...
- 1,896
Not at all. Just hoping the small group market survives, even at current comp.
- Thread starter
- #14
Moon...they will go back up....where I dunno.... But they will....watch and see
Bob, what's up with this? Why the scramble to allow for fees?
GEORGIA: The Department of Insurance will issue an emergency regulation this week creating a "limited group health counselor license". The development will allow agents with at least five years of experience in the health insurance field to become licensed counselors without the necessity of an examination. The DOI has indicated this will allow agents to engage in independent fee-for-service arrangements with plan sponsors. DOI's position previously was that an agent could not enter into such agreements and had to have an additional counselor's license under Georgia law. However, very few agents actually obtained a counselor's license.
GEORGIA: The Department of Insurance will issue an emergency regulation this week creating a "limited group health counselor license". The development will allow agents with at least five years of experience in the health insurance field to become licensed counselors without the necessity of an examination. The DOI has indicated this will allow agents to engage in independent fee-for-service arrangements with plan sponsors. DOI's position previously was that an agent could not enter into such agreements and had to have an additional counselor's license under Georgia law. However, very few agents actually obtained a counselor's license.
- 9,744
Hope you're right Charlie, but I wouldn't hold my breath. Many brokers have said something similar to me lately. They are the same ones that told me the healthcare "reform" bill would NEVER pass...
- 4,096
It's a double edge sword for me.
If the law is overturned then business as usually and I am able to keep my group block.
If the law stays on the books I think its a huge opportunity for those living in broker friendly states. The plans will be so confusing that people will choose to use brokers. I think we will see the large agency exit the small group and Individual market completely.
That leaves a lot of business for the independent broker that has a online presence.
It's still the unknown so it will be a huge transitional period. We will see the ACO plans hit the market place. We will also see most micro groups drop coverage or move over to a exchange type model.
In the long run if the law stays on the books the health care system will implode. If the law is overturn the health care system will also implode. We are truly living in a health care bubble. Either way I think brokers stay in the game.
If the law is overturned then business as usually and I am able to keep my group block.
If the law stays on the books I think its a huge opportunity for those living in broker friendly states. The plans will be so confusing that people will choose to use brokers. I think we will see the large agency exit the small group and Individual market completely.
That leaves a lot of business for the independent broker that has a online presence.
It's still the unknown so it will be a huge transitional period. We will see the ACO plans hit the market place. We will also see most micro groups drop coverage or move over to a exchange type model.
In the long run if the law stays on the books the health care system will implode. If the law is overturn the health care system will also implode. We are truly living in a health care bubble. Either way I think brokers stay in the game.
- 1,007
I'm sure you already know this but the small group agent is the most vulnerable market to have your book in. Small groups will be jumping ship faster then Francesco Schettino.
Best Wishes
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too much confusion = we're in business
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- 1,896
Without a doubt. I've spent the past two years diversifying, so I'm good, I just don't want to give up a good income stream that I already have. But I'll survive if not, just hoping for the best.
The counselor's license has been around a while, at least 30 yrs. This may be an enhancement, but essentially not worth the paper it is written on.
The GA legislature also passed a law allowing residents to buy insurance across state lines. They are floored that no carriers have made a request to GA to promote their products in GA.
The folks under the gold dome are no brighter than those in DC. They think if they dream it up miracles will happen.
Another fun piece of legislation will require carriers to, once again, issue child only health insurance starting in January, 2013.
Care to guess how much child and family rates will increase?
My guess is child rates will double at first, if not higher which of course will impact family rates.
Be careful what you wish for.
