Producers to Play Diminished Role in Exchanges

[AllenChicago]

I wouldn't be surprised if the State received the standard sales commission that would normally be paid to the MGA/GA/Agent. A state would generate FAR more income for itself that way than it would from health insurance agent fees.

 

[Norwayguy]

I wouldn't be surprised if the State received the standard sales commission that would normally be paid to the MGA/GA/Agent. A state would generate FAR more income for itself that way than it would from health insurance agent fees.

Yeah but wouldn't that be affected by the Loss Ratio just like an agents commission? And yes I know even if commission is reduced the state would benefit more by commission than appointment fees.

 

[Crabcake Johnny]

GI plans sold in exchanges involving subsidies will be 0% commission. My opinion but it's on the money.

 

[669comche]

Thats no different to how it is/was in TX right now.

If you get an uninsurable client, they are directed to the State Risk Pool, agent gets zero.

 

[stuy119]

GI plans sold in exchanges involving subsidies will be 0% commission. My opinion but it's on the money.

That's how I see it as well. We'll turn into financial managers working only with clients who have money.

Not a bad thing, but there will be a severe weeding out of the insurance agent ranks.

 

[TXINSURANCE]

Thats no different to how it is/was in TX right now.

If you get an uninsurable client, they are directed to the State Risk Pool, agent gets zero.

Incorrect. Agent gets $50.

 

[Dave020]

Incorrect. Agent gets $50.

Same in CA on MRMIP, $50. We are also supposed to get the same $50 for PCIP enrollments, but we'll have to wait and see if that happens.

 

[Crabcake Johnny]

$100 for enrolling a client in MHIP. Don't get anxious waiting on the check.

 

[CHUMPS FROM OXFORD]

Not really a broker-friendly Exchange. Broker link is buried.

Click on me. Click now. What are you waiting for? Are you scared? You say you're scared? You should be. You're on "Scare Tactics!"

 

[stuy119]

Not really a broker-friendly Exchange. Broker link is buried.

Click on me. Click now. What are you waiting for? Are you scared? You say you're scared? You should be. You're on "Scare Tactics!"

I saw this on the small group health page:

Working with a Producer: In an effort to provide you with the best possible experience and to ensure the enrollment process is completed without any problems we are encouraging participants to work with an insurance agent / producer with Defined Contribution experience. If you are currently working with an insurance agent / producer, then please contact them to begin the enrollment process. If you are not currently using a insurance agent / producer, then please use our Agent Search