Insurance brokers start charging fees to compensate for missing commissions

insurance brokers agents stress

These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…

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Insurance brokers feel the struggle in online health plan enrollment process

insurance brokers agents stress

Bulky, clunky systems online have made it challenging to complete smooth signups. While insurance brokers are supposed to be acting as “middlemen” in the enrollment process as Americans sign up for health plans to comply with the Affordable Care Act, these professionals are finding themselves struggling just as much as everyone else when trying to battle with certain clunky parts of the online system. These professionals are finding that they must still refer customers to HealthCare.gov to verify subsidy eligibility. While working to assist customers in being able to determine…

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How to Find Affordable Family Health Insurance

Health Insurance exchange

Article brought to you by affordable family health insurance company Freedom Health Insurance Your family is your number one priority.  Their health, happiness, and longevity are imperative and you will do whatever you can to protect them and keep them safe.  To do this, finding a health insurance company that you trust and believe in – health insurance that gives you peace of mind – is a top priority.  Whether you’re looking for private healthcare, government-assisted healthcare, or healthcare through your job, there are many options out there that can…

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How to find individual health insurance by yourself

When your health insurance is sponsored by your employer, it is easy enough to know which policy to choose because it has typically been selected for you, but when you are unemployed, self-employed, or employed by a company that doesn’t offer this medical benefits, then it is up to you to find your own coverage. Use the following tips to help you locate the right policy and price to fit your needs: • Healthcare.gov – this federal government site provides a number of questions that you can answer in order…

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Department of Health and Human Services says that health insurance rates are too high in nine states

The Department of Health and Human Services (HHS) has announced that health insurance rates in nine states are far too high to be reasonable. HHS Secretary Kathleen Sebelius has determined that these rates are excessive under the authority granted to the agency by the Affordable Care Act. The law gives federal and state insurance regulators the authority to review health insurance rate increases of 10% or higher and determine whether they are necessary. The insurance companies in these nine states will be requires to justify their rates or make changes…

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Insurance brokers’ role in new health care system is still unclear

With health care reform on the horizon, the role of the insurance broker is likely to change along with the shifting environment of the health system. Federally mandated health insurance exchanges are going to play a bigger part in people’s search for coverage. The exchanges will, essentially, give consumers the ability to find their own health care policies and purchase these policies electronically. While this will be a popular trend amongst the average consumer, it may also be one that health care professional’s follow, which puts brokers and agents on…

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The cost of health insurance for low income families

Although the Affordable Healthcare for America Act by the Obama administration was created in order to make certain that a larger number of Americans will have access to health insurance, many are finding that the premiums are still too costly to be able to afford them. The Act has already gone through some significant improvements since its first creation, especially in terms of Medicare, as it has assisted in lowering those costs. That said, many Americans are still struggling to afford their current health insurance rates or remain without any…

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