If They Force You to BUY....?

[TonyC]

If the government is going to force its citizens to buy health insurance or penalize them with a tax....won't this make it better for agents?

PPL have to purchase insurance or get penalized SO...that would mean guaranteed income for agents?

What am i missing?

PS. i know that most likely will be fewer co's to choose from and the commissions will sink (probably limit what you can make per policy).

 

[taterpeeler]

YOUR MISSING NOTHING, oh, caps..... providing what the final number is for comp.

I feel those with a strong block of business and not living on advances will be set up for a positive outcome, those on advances or those that assigned commission as well as the new agents with less that 5 years or more in the indy health biz are toast... who knows, even us old guys may be dead......

its a heavy gamble but most of us started doing medicare in the event indy health blew up

 

[GreenSky]

I've already received an advance of $750,000 from Obama to help people with their free insurance.

Rick

 

[TonyC]

I've already received an advance of $750,000 from Obama to help people with their free insurance.

Rick

LOL...funny Rick !

~T
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YOUR MISSING NOTHING, oh, caps..... providing what the final number is for comp.

I feel those with a strong block of business and not living on advances will be set up for a positive outcome, those on advances or those that assigned commission as well as the new agents with less that 5 years or more in the indy health biz are toast... who knows, even us old guys may be dead......

its a heavy gamble but most of us started doing medicare in the event indy health blew up

Gotcha Charles,...depending on what the compensation is...can't imagine gov. giving 10-12% ? ?

 

[taterpeeler]

LOL...funny Rick !

~T
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Gotcha Charles,...depending on what the compensation is...can't imagine gov. giving 10-12% ? ?

the gov is not the one giving.. but keep in mind we get over 4 bills here for mapd first time up here in texas... rick gets more because hes special

 

[rousemark]

I've already received an advance of $750,000 from Obama to help people with their free insurance.

Rick

You will get a bonus if you sign them up for their free Obama Phone at the time you enroll them for insurance.. The potential is sky high.. Oh, wait. That last part only applies to agents in Washington and Colorado after pot was legalized.

 

[GreenSky]

I suspect there will be an obamaload of business for us.

Rick

 

[HealthGuy]

Obamaloads. wow rick

 

[leevena]

If the government is going to force its citizens to buy health insurance or penalize them with a tax....won't this make it better for agents?

PPL have to purchase insurance or get penalized SO...that would mean guaranteed income for agents?

What am i missing?

PS. i know that most likely will be fewer co's to choose from and the commissions will sink (probably limit what you can make per policy).

The concern is about the role of the agent and if in fact an agent (as we know them today) is at all needed.

The Exchanges will begin the process of standardizing products, limiting the number of carriers/plans available, and making the sale process streamlined. Public exchanges will be set-up to allow the qualifed health plans to market their products. The products allowed in the exchange will need to follow along the Metallic benefit designs. Since benefits will essentially be the same (not exactly, but close) it will require carriers to compete on price, network, and reputation. It is doubtful that many markets will have more than 2 carriers available, let alone competitive carriers. The Exchange will allow the public to see all the alternatives, compare them, speak to a person if they need help, and enroll. This is will not be all that different than how we purchase airline tickets, mortgages, auto loans, etc.

The law will also limit the amount of profit the carriers can make. Notice I said "profit", not losses. If the carrier loses money, the govt does not care. So if a carrier is being pinched by expenses, agent commission becomes an easy target. The carrier has the Exchange to fill that role of an agent.

Now consider the view of an agent's role in the process. Commissions have been defined as an expense, which leaves it at risk. The govt when writing/implementing Health Care Reform viewed the agent as an extra, uneeded expense. And when you consider how the exchanges will be run, there is some level of truth in that view.

Don't get me wrong, there are still ways for agents to make a living, it will just be tougher and take new ways.

 

[Danette Key]

I've already received an advance of $750,000 from Obama to help people with their free insurance.

Rick

Hey Rick, how does that work? I don't work with health insurance, just Property & Casualty.