Exchanges and Agent Commissions

[Crabcake Johnny]

Ann - it doesn't have to work or not work. It just need to exist. People can argue until the ends of the Earth on whether or not the Mass. exchange "works" but it "is"...as in it's there and bars agents from receiving comp off individual policies.

 

[Ann H]

Ann - it doesn't have to work or not work. It just need to exist. People can argue until the ends of the Earth on whether or not the Mass. exchange "works" but it "is"...as in it's there and bars agents from receiving comp off individual policies.

You're right.

 

[Crabcake Johnny]

Call me when you can Ann. I haven't heard a woman tell me that in 13 years.

 

[Dave020]

 

[Yagents]

A MUST read. I think we are sitting pretty after reading it, but you may want to get a fishing or hairdresser license also as a backup....
http://www.naic.org/documents/committees_b_exchanges_exposures_navigator_producer.pdf

 

[CHUMPS FROM OXFORD]

I don't see anything in there that changes things. But we will see. If you sell indie health, you know what to do!

 

[HealthGuy]

I agree, this document from the NAIC doesnt make me feel any better. Hope I am wrong.

 

[Yagents]

I tend to disagree with you guys. It's the first document I've read that:

1. Defines in detail the differences and potential roles of navigator vs. producer/agent in the eyes of our b'crats.
2. Recognizes agents' current relationships will be instrumental in exchange success
3. Recognizes the consumer needs protection (E&O)
4. Some licensing should be required, and Cont Educ

The states will recognize...eventually, that there is no reason to recreate the wheel when a educational force already exists and ready to go!

It will come down to which states are friendly, and which lean far left.

 

[CHUMPS FROM OXFORD]

The term "Navigator" should be completely replaced with "broker" or "agent." Then I'll feel better.

 

[Ina]

Just about to throw in the towell!! Yesterday I received my monthly commission check form CIGNA, I recently wrote an Individual policy for a family and the premium was 978.00, I noticed I didn't receive my commissions for the policy so I called CIGNA and was informed that because 1 of the 3 kids on the policy was guaranteed issued and the policy was rated up because of a pre existing ear infection I was informed that I would receive NO commissions for the entire policy...WTF!!! I also write for UnitedHealth One, and received a letter that because of the Health Reform my commissions were cut from 22% to 10%....Thanks but No Thanks!!!! After 10 years of dedicated service to my clients and the Insurance carriers I think it's time to find something to sell on EBay....When the health care reform was enacted there should have been some kind of regulation on the Health Insurance companies. My Group health clients are seeing up to 18 to 32% increases and my pay ckeck is dwindling...Just venting, anyone interested in buying my book of business????