Future of Small Group Benefit Brokers/Advisors

Nov 5, 2018

  1. PCBI
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    PCBI Guru

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    well said
    id rather have 500 clients than 1 group of 500.
     
    PCBI, Nov 16, 2018
    #21
  2. Madden9
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    Madden9 New Member

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    Thank you to everyone who responded to my original question.

    Any thoughts on why there continues to be so much M+A activity? What is attractive from a buyer's perspective if the future of group health is so unknown?
     
    Madden9, Nov 27, 2018
    #22
  3. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    Because if it does survive long term, only the big players will be left in the game. Market-share is key for them.
     
  4. somarco
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    somarco GA Medicare Expert

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    In a similar situation, prior to 2014 we had roughly 25 carriers writing U65 health insurance. Now I believe there are 3 and two of them are regional. Only BX is state wide.

    Ambetter is primarily a Medicaid carrier with a tiny network.

    KP is an HMO with even smaller network
     
    somarco, Nov 28, 2018
    #24
  5. nonie
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    Are any of you getting retirement planning business from your groups? Also what are some good group FMO's?
     
    nonie, Dec 15, 2018
    #25
  6. somarco
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    somarco GA Medicare Expert

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    I left the group business 15 yrs ago.
     
    somarco, Dec 15, 2018
    #26
  7. somarco
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    Why does this sound like an ad for an offer that cannot be refused?

     
    somarco, Jan 1, 2019
    #27
  8. somarco
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    somarco, Jan 1, 2019
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  9. JNJcannon
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    Everyone saying "Group will die with Single Payer," go look at Canada. Group health insurance is still a very lucrative market.
     
  10. leevena
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    That is somewhat true, most of this coverage is a type of gap coverage. The Canadian health plan does not cover everything, such as RX, most mental health, some infertility, nursing.
     
    leevena, Jan 4, 2019
    #30
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