Ok, saw these two articles. Talk about ying and yang. Or is this the "writing on the wall". One article talks about the huge amount of people losing group coverage and buying IFP with DC model. The other article talks about the agents demise.
I just don't see it. 1 employer with 100 employees have access to 1 HR person and 1 group agent. Now, these 100 people will be out for the first time shopping on their own. The need for agents will go up, not down. Or, am I missing something (as I'm typically not the optimist)? This article is a must read
Insurance Agents Lose Job Security With Obamacare Ruling - Forbes
There will be no room for commissions in the new lower cost products.
Some consumers may continue to use agents simply because they are creatures of habits.
Make no mistake: the volume of business underwritten by agents will dramatically drop.
Now with the clarity of the Supreme Court ruling, the floodgates for the mass firing of healthcare insurance agents are about to open
Employee health benefits could shift to private market - latimes.com
One of the more popular ideas being discussed is to give workers a lump sum, or defined contribution, and then let them use that money to buy their own individual health plan.
One of the biggest obstacles has been the lack of guaranteed coverage for workers in the private market.
Before the federal law, "it was a show stopper in the individual market. But now that market is about to be perfected."
One upshot is that workers could shop for plans that best suit their needs in terms of doctors and benefits, rather than relying on what their employers pick. They also get to take their policies with them if they leave their jobs
I just don't see it. 1 employer with 100 employees have access to 1 HR person and 1 group agent. Now, these 100 people will be out for the first time shopping on their own. The need for agents will go up, not down. Or, am I missing something (as I'm typically not the optimist)? This article is a must read
Insurance Agents Lose Job Security With Obamacare Ruling - Forbes
There will be no room for commissions in the new lower cost products.
Some consumers may continue to use agents simply because they are creatures of habits.
Make no mistake: the volume of business underwritten by agents will dramatically drop.
Now with the clarity of the Supreme Court ruling, the floodgates for the mass firing of healthcare insurance agents are about to open
Employee health benefits could shift to private market - latimes.com
One of the more popular ideas being discussed is to give workers a lump sum, or defined contribution, and then let them use that money to buy their own individual health plan.
One of the biggest obstacles has been the lack of guaranteed coverage for workers in the private market.
Before the federal law, "it was a show stopper in the individual market. But now that market is about to be perfected."
One upshot is that workers could shop for plans that best suit their needs in terms of doctors and benefits, rather than relying on what their employers pick. They also get to take their policies with them if they leave their jobs
