Insurance agents hit with slashed commissions as new ACA enrollments launch

Insurance agents - Commissions

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…

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Accident Insurance Co. seeks 100 new agents over 100 day period

Accident Insurance Co. (AIC), based in South Carolina, has announced that it is currently seeking up to 100 new independent agents within a span of 100 days.  Starting on July 12 and running until October 12, the insurer will be seeking to add a sizeable number to its independent agents within eleven states that are among the eighteen in which it currently writes.  The states in which AIC is seeking new partner agencies are: Mississippi, Kentucky, Alabama, Indiana, Oklahoma, Arizona, Illinois, Georgia, Arkansas, Virginia and Indiana.  Chief marketing officer Jon…

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