PCIP Article Mentions No Comp for Agents

[Crabcake Johnny]

Although it's a paragraph, at least someone's paying attention:

"Another obstacle, Geyerhahn said, is that insurance brokers can't make money by getting people to sign up for the PCIP. "In light of the fact that brokers earn nothing by selling this insurance, we shouldn't be surprised that few people have purchased it."

Pre-Existing Condition Insurance Plan A Lifesaver For Some, A Missed Opportunity For Many

 

[Ann H]

And, as we all know, a good portion of the PCIP business has been from insurance agent/brokers who help their clients enroll in the PCIP even though the agent/broker doesn't receive compensation. If they want us to MARKET the plan, they need to pay us enough to cover marketing costs for goodness sake!

There are four lessons here. Lesson #1 - Without brokers, the PCIP would have a lot less enrollees than it does now. Lesson #2 - if brokers were paid enough to MARKET it, enrollment would undoubtedly be higher. Lesson #3 - buyers don't just stumble upon plans like this by themselves very often. Lesson #4 - learn lessons #1, #2 and #3 before exchanges and 2014 roll around.

 

[Dave020]

We get $50 per app, woo who!? They call us who have submitted to ask us to help increase the enrollment.

When the exchanges hit, we are going to be asked to provide a "public service" for little or no compensation because it is 'the right thing to do'. PCIP is simply a harbinger of the future. And, according to the NAIC white paper, we can't be a preferred resource for the navigators because that would be 'favoritism'.

Government controls healthcare coverage....Check

Insurance Companies increase profits..........Check

Unrelated community groups, unions, and so on get paid......Check

Producers in they system on commission.......Uncheck

So far the only group who got screwed on HCR are the producers. And the screwing is not done yet.

 

[djs]

The flaw in the logic of this thread is you assume they want people to sign up for the program.

They want the program to exist. There is NO proof they want people to actually enroll.

Dan

 

[Dave020]

The flaw in the logic of this thread is you assume they want people to sign up for the program.

They want the program to exist. There is NO proof they want people to actually enroll.

Dan

No, they actually do need people to sign up. CA has 23,100 slots in PCIP of which only 1,500 have been filled.

 

[GreenSky]

No, they actually do need people to sign up. CA has 23,100 slots in PCIP of which only 1,500 have been filled.

So that's 21,600 people at $50 each. Seems that I can make a cool $1 million if I just help each one of them.

You guys are missing out. I'm going to be rich! Rich I tells ya!

Rick

 

[Ann H]

In AZ we don't even earn $50 - we earn $0 compensation for enrolling someone in the PCIP. However, we could always make it up in more volume...

 

[Dave020]

So that's 21,600 people at $50 each. Seems that I can make a cool $1 million if I just help each one of them.

You guys are missing out. I'm going to be rich! Rich I tells ya!

Rick

Yes, but you have to wait until they actually get sick and need medical care before they will sign up. You'd need to hope that 21,600 CA residents suddenly need urgent and expensive medical care in the next 18 months. Otherwise, they won't sign up unless it is free (and even then most won't).

 

[Ann H]

Marketing idea! Become an ambulance chaser. For $50 a pop, follow the ambulance, or set up shop near a Hospital, a Surgeon's office, or an Obstetrician's office, and sign people up for 1-2 months of PCIP, then they can drop it, then sign up again later when they need it again. jk!

 

[Dave020]

In AZ we don't even earn $50 - we earn $0 compensation for enrolling someone in the PCIP. However, we could always make it up in more volume...

Isn't that what the carriers are telling us now? "It's a volume business"
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Marketing idea! Become an ambulance chaser. For $50 a pop, follow the ambulance, or set up shop near a Hospital, a Surgeon's office, or an Obstetrician's office, and sign people up for 1-2 months of PCIP, then they can drop it, then sign up again later when they need it again. jk!

Could work, except in CA the PCIP must be enrolled by the 10th of the month to start 1st of the following month. Too much delay for those people

I have had PCIP people wanting coverage within 24 hours because 'they need to go to the hospital'.