- 4,716
Excuse me...I beg your pardon. One in three applications through hc.gov was "Agent" generated.....Y Agents??
Scotus: Subsidies upheld
- Thread starter TN_agent
- Start date
Excuse me...I beg your pardon. One in three applications through hc.gov was "Agent" generated.....Y Agents??
You've seen the peak in agent involvement in ACA exchanges because:
1. HC.gov keeps stealing / stripping NPN off apps
2. HC.gv continues to mass market, email, mail, text our clients
3. Carriers reduce commssions
4. Agents leaving the ACA biz.
5. Less agent friendly carrier choices with mergers, drop outs
As they say in CA, drink the water while it lasts.
1. HC.gov keeps stealing / stripping NPN off apps
2. HC.gv continues to mass market, email, mail, text our clients
3. Carriers reduce commssions
4. Agents leaving the ACA biz.
5. Less agent friendly carrier choices with mergers, drop outs
As they say in CA, drink the water while it lasts.
- 15,319
Medi-Medi agents go first...........
Not sure what that refers to. I write mostly med supps.
But unlike you I'd support an end to Medicare as unconstitutional. Where you are only concerned with how much money you make.
You have maybe 18 months before all commissions on health are history. And yes, I'm willing to bet on that.
Rick
- 4,716
Yeah you're right.....lol.....and I call an end to the FAA keeping you guys from running into each other in the friendly skies. Put that in your libertarian pipe and smoke it.
- 15,319
You do think before you post? You try so hard to insult me but you just can't.
The difference is I have morals. You only like Obamacrap because you make money. If it was zero premium you would hate it.
I hate Medicare because it's unconstitutional. I only sell the products because I can but would love to see it end.
Put that in your 86 IQ pipe and smoke it.
Please don't bother responding. I've done what I should have a year ago and blocked you.
Rick
- 4,716
Of course I think before I post that's what makes you so mad. You can't Bully me like you have all the others for years.
You have a terminal case of the dumb@ss if you think Medicare is unconstitutional. You are such a hypocrite by saying you "only sell the products you can". If this is true why don't you sell Marijuana I hear it's legal in your State?
Please don't bother responding??? What is your IQ 56?
Don't hate the playa....hate the game. ~ Jim Rome
Why Did The Supreme Court Uphold The Health Law
MARY AGNES CAREY: Going back to the majority opinion for a minute, is it written in a way that a future Internal Revenue Service couldn't come in and say then subsidies aren't available in the federally run exchanges.
STUART TAYLOR JR.: No, Chief Justice Roberts ruled that out, basically. The question was debated at oral argument. In fact, Roberts asked, if we're deferring to the interpretation of the IRS, does that mean a new IRS could come along and say we're changing it? And he mooted that question in the decision by saying, we're not deferring to the interpretation of the IRS. We're agreeing with the interpretation of the IRS, but it's our interpretation and the IRS can't change it.
MARY AGNES CAREY: Going back to the majority opinion for a minute, is it written in a way that a future Internal Revenue Service couldn't come in and say then subsidies aren't available in the federally run exchanges.
STUART TAYLOR JR.: No, Chief Justice Roberts ruled that out, basically. The question was debated at oral argument. In fact, Roberts asked, if we're deferring to the interpretation of the IRS, does that mean a new IRS could come along and say we're changing it? And he mooted that question in the decision by saying, we're not deferring to the interpretation of the IRS. We're agreeing with the interpretation of the IRS, but it's our interpretation and the IRS can't change it.
- 4,716
That last sentence is enough to make Greensky jump out of his plane with no parachute.
As long as there are more than a couple of carriers, agents will continue to be paid, for the same reason they're paid now.
The ruling in favor of the subsidies was not really a great thing for health agents that want a future in the biz. If this path continues, they will be out of jobs in the long run, but... "in the long run we're all dead"..JM Keynes.
The ruling in favor of the subsidies was not really a great thing for health agents that want a future in the biz. If this path continues, they will be out of jobs in the long run, but... "in the long run we're all dead"..JM Keynes.
Any health insurance agent would have to be nuts to ignore the possibility of commissions going to 0% at some point in time.
At the same time, there is a real dichotomy in this market because medicare.gov has the same capability for MAPD and PDP as healthcare.gov for ACA plans and is a much cleaner interface.
You could also align Off Exchange plans with Med Supplements and no one is predicting that Med Supp commissions will go to 0%.
If there was consistency then commissions for both would be at or about the same level long term.
Putting aside all of the bluster and emotion, the reason some of us are concerned about the end of commissions on IFP is that the system is so screwed up that we are expecting the worst. While that is the right thing to do in order to protect our businesses, it most likely won't happen, what is more likely is that commissions for IFP will wind up like MAPD, in the $150-$200 range per person, per year.
From my perspective that isn't a bad final outcome as all I intend to do is maintain my current book of business and only add referrals so there is no client acquisition cost. And, from an insurance company perspective they aren't going to add any substantial cost (probably less than the cost of doing it internally) by paying out these lessened commissions.
IFP will not be the way for a new agent to make a living, that is an absolute certainty
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