the producer
Expert
I hope all you guys get out of this biz. I will be like Forest Gump after the hurricane. Life is like a box of chocolates - never know what ya gonna get.
Hr 3590
- Thread starter Dave020
- Start date
- 10,275
Gee. I just bought 6 domains this week...all health rated. I'm not ready to bail yet. Or is that bale? Nah. Can't be.
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- 868
There is no indication commissions will be cut. They need us to sell their plans pure and simple. Also most changes dont begin until 2014. Too many chicken littles on this board. Starting 4th quarter there will be some plan modifications for preventative care but the unlimited coverage is no big deal. How much does it cost to increase coverage several million dollars now about $4.00 that tell you that unlimited plans are feasible and cost effective.
Limited Benefit plans will likely be gone as will rightstart but Assurant is ahead of the game on that one now they are unveiling the new Clarity line of products and the 2nd tier carriers will all do the same.
I take umbrage with comments that Amer. Rep and World etc wont survive. these carriers are very well capitalized and were established in 1929 and 1903 respectively. Any carrier that has survived the Great Depression I will bet on to reinvent themselves.
Limited Benefit plans will likely be gone as will rightstart but Assurant is ahead of the game on that one now they are unveiling the new Clarity line of products and the 2nd tier carriers will all do the same.
I take umbrage with comments that Amer. Rep and World etc wont survive. these carriers are very well capitalized and were established in 1929 and 1903 respectively. Any carrier that has survived the Great Depression I will bet on to reinvent themselves.
I agree... little slow down for a few weeks... then lets move on... i see nothing about decline for credit checks....is this the new underwriting practice?
- 868
I dont see that there will be a slowdown at all maybe a day or two from internet traffic until the sheeple realize oops Obama care isnt now and you have to buy it from an insurance agent.
Guess who is designing the Insurance Exchanges. Come on youll never guess.
Ill give you a hint
All right you force my hand
ehealthinsurance.com
Guess who is designing the Insurance Exchanges. Come on youll never guess.
Ill give you a hint
All right you force my hand
ehealthinsurance.com
Doesn't matter how well AR/World are capitalized. They will not be able to meet the loss ratio guidelines.
Carriers like Aetna, Blue, UHC, Cigna get the majority of their health insurance revenue (non Medicare) from group insurance. Retention costs attributed to agent commissions on large group is in the 2% range. Total retention less than 15%.
If the carrier is not a major writer of large group they will have to abandon the individual major med market.
Carriers like Aetna, Blue, UHC, Cigna get the majority of their health insurance revenue (non Medicare) from group insurance. Retention costs attributed to agent commissions on large group is in the 2% range. Total retention less than 15%.
If the carrier is not a major writer of large group they will have to abandon the individual major med market.
- 2,455
What exactly does ehealthinsurance do? Do they have their own agents or something? Haven't been around the block as long as you guys have.
the producer
Expert
Will Amercan Community survive?
- 868
American Community was dead already...but I'm sure they will limp on. Nothing at all happens for 6 months. The MLR can be reviewed for all carriers after 2011 unless that is extended but the MLR of 80% for indiv and 85% for group is in the health insurance exchanges that take force in 2014.
The only companies likely to be in the state exchanges are BCBS, Kaiser, Aetna, Humana, UHC and Cigna. Kaiser is only in a few states and some regional 2nd Tiers maybe able to compete but we will have to see. That situation is fluid.
There are always loopholes in implementation and exceptions etc. The situation is fluid and implementation will likely be delayed as well for major changes.
The only companies likely to be in the state exchanges are BCBS, Kaiser, Aetna, Humana, UHC and Cigna. Kaiser is only in a few states and some regional 2nd Tiers maybe able to compete but we will have to see. That situation is fluid.
There are always loopholes in implementation and exceptions etc. The situation is fluid and implementation will likely be delayed as well for major changes.
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- 244
My hope is we could have some constructive discussion here about what is next for folks like us - agents, instead of hashing out the same old viewpoints about what is right or wrong with the world.
My initial take here is yes exhchanges are coming if this stays in tact. I say if, because of now some 30+ states are positioning themselves to take this head on in court. Might fail but they arent going to just give up their state's rights and pickup the tab for the feds lieing down. My guess is they will hold out for a payoff from the feds for an already squeezed budget. Or it might all fall apart and in that case we will all be right back where we were last week.
In the Senate Bill there is room made to accomodate brokers. And as many of you know, ehealth has a great platform but most people don't finish the purchase exclusivly from an online source. So there might be a reason for some of us to be around a little while longer.
Commissions? Have to drop. With the mandated loss ratios, and the squeeze on there is no way carriers are going to pay or will uncle sam let them shell out 20% commissions.
Easier to write? No more preexisting to have to mess with and mandatory coverage. While many will be able to justify paying the fine instead of buying coverage, we'll have to see how much of a subsidy people will recieve to buy their insurance.
So my marketing plan is two fold, hang out at the er and write apps for folks who've been paying the fine, but find themselves in the ER tonight, and 2nd, hangin out near the medicaid office and catching people after they receive their subsidy notice.
My initial take here is yes exhchanges are coming if this stays in tact. I say if, because of now some 30+ states are positioning themselves to take this head on in court. Might fail but they arent going to just give up their state's rights and pickup the tab for the feds lieing down. My guess is they will hold out for a payoff from the feds for an already squeezed budget. Or it might all fall apart and in that case we will all be right back where we were last week.
In the Senate Bill there is room made to accomodate brokers. And as many of you know, ehealth has a great platform but most people don't finish the purchase exclusivly from an online source. So there might be a reason for some of us to be around a little while longer.
Commissions? Have to drop. With the mandated loss ratios, and the squeeze on there is no way carriers are going to pay or will uncle sam let them shell out 20% commissions.
Easier to write? No more preexisting to have to mess with and mandatory coverage. While many will be able to justify paying the fine instead of buying coverage, we'll have to see how much of a subsidy people will recieve to buy their insurance.
So my marketing plan is two fold, hang out at the er and write apps for folks who've been paying the fine, but find themselves in the ER tonight, and 2nd, hangin out near the medicaid office and catching people after they receive their subsidy notice.
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