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My plan B.
You gonna have to fight me for it, I might be there first!
Pass-Through Commissions (NAHU) & MLR
- Thread starter Dave020
- Start date
You gonna have to fight me for it, I might be there first!
I guess we'll find out what it's like to have a book wiped out. There's really no getting out early, even if you're only maintaining a $5K monthly health renewal book, and doing other things, you're still going to get hit hard when the S-word hits the fan.
All the time and effort to maintain the book and the money that came with it, puff, gone. That's going to be true whether you've been doing this for 5 or 30 years.
All the time and effort to maintain the book and the money that came with it, puff, gone. That's going to be true whether you've been doing this for 5 or 30 years.
IS the underlined sentence below true in TX and CA???
Some insurers have reduced or eliminated commissions for agents selling policies to employers. Recently, UnitedHealthcare announced that it would not pay commissions to agents in Texas or California for policies sold to large employers.
amednews: Insurance brokers' role expected to change with health reform :: Sept. 19, 2011 ... American Medical News
Physicians who use agents or brokers to buy health insurance for their practices are likely to notice changes when it comes time to renew policies or buy new ones. Among them: Their usual insurance brokers could be unavailable,because they're getting out of the health insurance business
Some insurers have reduced or eliminated commissions for agents selling policies to employers. Recently, UnitedHealthcare announced that it would not pay commissions to agents in Texas or California for policies sold to large employers.
amednews: Insurance brokers' role expected to change with health reform :: Sept. 19, 2011 ... American Medical News
Physicians who use agents or brokers to buy health insurance for their practices are likely to notice changes when it comes time to renew policies or buy new ones. Among them: Their usual insurance brokers could be unavailable,because they're getting out of the health insurance business
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Deal! I'll take Mansell. ¡Hablo español!
Last year Aetna announced they would not pay commssions on groups of (believe this is right) 50+. Instead, they would bill a service fee for the broker based on a fee structure agreed upon by the employer and broker.
In essence, Aetna said they did not want broker generated business except from fee based consultants.
What you posted seems like UHC is saying the same thing.
If you want to stay in the health insurance business, including group, you need to develop a game plan that involves justifying and charging a fee for your work.
In essence, Aetna said they did not want broker generated business except from fee based consultants.
What you posted seems like UHC is saying the same thing.
If you want to stay in the health insurance business, including group, you need to develop a game plan that involves justifying and charging a fee for your work.
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Seems like that would only fly with companies combined with another service of some kind, bundled with all of the other things companies need in order to operate (payroll, 401K, accounting, etc). Like you partner up with an accounting firm or a benefits company and got paid through them?? Not that I like that solution, just throwing it out there as a possible scenario.
Essentially PEO's offer "bundled" services and they have limited success.
The big boys (alphabet houses) charge fees as do some smaller consulting firms but that is for a wide range of employee benefits.
Consumers are not accustomed to paying fees, especially in the internet age when you can get almost everything you want online, including free information.
How valuable "free" is would be debatable. Given the proclivity for consumers to hit the high points and their short attention span, I seriously doubt most of them will make a wise decision.
Looking at those that visit my site and apply without input from me it is pretty obvious they don't know what they are doing.
The big boys (alphabet houses) charge fees as do some smaller consulting firms but that is for a wide range of employee benefits.
Consumers are not accustomed to paying fees, especially in the internet age when you can get almost everything you want online, including free information.
How valuable "free" is would be debatable. Given the proclivity for consumers to hit the high points and their short attention span, I seriously doubt most of them will make a wise decision.
Looking at those that visit my site and apply without input from me it is pretty obvious they don't know what they are doing.
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How many mom and pop businesses use PEOs, or really even need one? They are the ones who will be left to make their own decisions re: healthcare once the govt cuts us out of the equation. Of course, no one in DC seems to have the back of small business these days anyway. This is just another example.
No argument from me, runner.
Without getting too political, all this "tax the rich" talk, Medicare "adjustments", MLR, etc will actually decrease tax collections making it even harder for the feds to pay their bills and honor their obligations.
Think about it.
Lower comp to us = less income = less taxes
Higher taxes on rich = more tax avoidance = less taxes
Lower Medicare reimbursement = less income to docs = less taxes
Everything DC is doing is counter-productive.
Without getting too political, all this "tax the rich" talk, Medicare "adjustments", MLR, etc will actually decrease tax collections making it even harder for the feds to pay their bills and honor their obligations.
Think about it.
Lower comp to us = less income = less taxes
Higher taxes on rich = more tax avoidance = less taxes
Lower Medicare reimbursement = less income to docs = less taxes
Everything DC is doing is counter-productive.
