Selling Individual to Businesses
- Thread starter the do
- Start date
BINGO!!! This is for the most part why I shy away from approaching group situations with vigor. Also, for possible (most probable) declines of course, as FL has no risk pool. Even if they did and I put one or two employees in the risk pool, what you said would be a fear of mine.
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More like the testicle has spoken.
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Those margaritas must start around noon. By 3pm you're John Wayne.
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I'm licensed in Texas and 34 other states. Grew up in the biz running leads all over Texas. Happen to have been the "snitch" who turned in Jimmy Walker's group over this very issue. A good friend of mine happened to be working for the AG's office following law school, so I brought this issue to her attention. AG's office sued the pants off of AHU, based on misrepresentation of individual plans as group! But very disappointed in AG for letting the case fizzle out with a little slap on the wrist.
So long as the employer cuts all strings to sponsorship, they can do whatever the hell they want, as there is no law requiring sponsorship. On the other hand, if there is one iota of sponsorship, then if it looks and smells like group, you'd better go group--for all of the reasons mentioned in this thread (except margarita's)
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I'm licensed in Texas and 34 other states. Grew up in the biz running leads all over Texas. Happen to have been the "snitch" who turned in Jimmy Walker's group over this very issue. A good friend of mine happened to be working for the AG's office following law school, so I brought this issue to her attention. AG's office sued the pants off of AHU, based on misrepresentation of individual plans as group! But very disappointed in AG for letting the case fizzle out with a little slap on the wrist.
So long as the employer cuts all strings to sponsorship, they can do whatever the hell they want, as there is no law requiring sponsorship. On the other hand, if there is one iota of sponsorship, then if it looks and smells like group, you'd better go group--for all of the reasons mentioned in this thread (except margarita's)
Correct me if I am wrong (I have no doubt that you will)
Jimmy Walker was the owner of United Benefit Life, not AHU.
His marketing organization was Insurance Advisors.
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- Staff
- #38
How is JIM.....
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Since we're getting into technical issues here and there are lots of neophytes on this forum, you aren't literally installing a 125 plan with an HRA "on-top", which leads you to think they might be connected somehow.... like HSA's affect Section 125 plans.... HRA's DO NOT affect Sec 125 plans other than they reimbursement cannot come from BOTH plans, but only one. (Man.... I'm not sure that isn't MORE confusing).
I don't write in Texas, but HRA's are federally governed and State law doesn't supercede, so how does Texas NOT allow for premiums for "INDIVIDUAL" plans? Please note I said individual !!!! I'm asking here... because I'm not sure that's true, but am curious to understand the letter of the law if it is.
The bottom-line is that each year as premiums grow by 8-12% there will be more and more employers that want OUT of this nonsense... ANY ideas on how to do it will at least be given an "ear".... I am sensing this will is but the beginning of employers that will say..... "When a benefit becomes a hassle, it's no longer a benefit and get me the hell out".
Ciao
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Expat:
You're correct. My bad. AHU is obviously JC's marketing machine.
In response to other comments, for one thing, in case you haven't noticed, there is some overlapping legislation from state to fed that causes great confusion and the eggheads working at various state ins. departments seem utterly clueless about the problem existence, much less its fix.
And yes, no question but that individual is the wave of the future for a variety of reasons. Employers will start to feel better and better about dropping their group as soon as the guy down the street drops his.
It's just a question of who has the ying-yangs to get the ball rolling. Net result of this mess is that more and more people are going to be in need of that big mythical "safety net."
You're correct. My bad. AHU is obviously JC's marketing machine.
In response to other comments, for one thing, in case you haven't noticed, there is some overlapping legislation from state to fed that causes great confusion and the eggheads working at various state ins. departments seem utterly clueless about the problem existence, much less its fix.
And yes, no question but that individual is the wave of the future for a variety of reasons. Employers will start to feel better and better about dropping their group as soon as the guy down the street drops his.
It's just a question of who has the ying-yangs to get the ball rolling. Net result of this mess is that more and more people are going to be in need of that big mythical "safety net."
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