Blogs

Resolution: To Protect the Ability of Licensed Insurance Professionals to Continue to Serve the Public

In a recent post referencing NAIC recognizing the role brokers and agents play in serving consumers, we are pleased to announce early this week NAIC passed the resolution. NAIC has recognized this important role and is establishing standards for the Exchanges so that insurance professionals will continue to be adequately compensated for the services they provide.

View a PDF of the resolution.

Author: BenefitMall
Sent to a friend Bookmark or Share

Insurance Agents/Brokers Role as a “Trusted Advisor” Gains NAIC Attention

When the Affordable Care Act was initially passed, there was quite a bit of concern on the part of insurance brokers and agents throughout the country. How would this effect the industry? What would be the impact on business and commissions?

The Act calls for “Navigators” to help educate the public and provide impartial information on plans. A big worry that arose is the qualifications of these Navigators asking the question whether consumers would be put at risk by having unlicensed, minimally-trained Navigators in place performing part of the function that has traditionally been done by agents and brokers.

To prevent this from happening, the National Association of Insurance Commissioners (NAIC) just passed a resolution recognizing brokers’ and agents’ roles in the country’s health care delivery system. This will limit the Navigator’s role to directing Exchange consumers to government agencies and licensed insurance professionals.

Author: Michael Gomes
Sent to a friend Bookmark or Share

Missouri Votes Against New Health Care Law

In a surprise vote last Tuesday, Missouri voters came out to vote for Proposition C, a ballot referendum that aims at nullifying a key component of the new federal healthcare law that individuals be required to purchase health insurance.  An overwhelming majority – 71 percent – of voters approved this referendum.

The referendum was intended to nullify the section of the law requiring individuals to obtain health insurance or face a tax penalty. Supporters hope it will send a strong signal to Washington that the federal government shouldn’t dictate people’s health care choices.

There was virtually no mention of Proposition C before Tuesday’s election. Even though a majority of voters approved the referendum, just a small fraction of Missouri residents were out voting that day.

Author: Scott Kirksey
Sent to a friend Bookmark or Share

Legislative Webinar: PowerPoint Presentation

On Friday, August 6, BenefitMall hosted a Legislative Webinar on the three topics – Dependent Coverage, Grandfathered Plans and Medical Loss Ratio. To view the power point presentation, please click on the “Presentations” tab located at the top right-hand corner of this webpage. If you have any questions regarding the three topics discussed, you may post those questions below by clicking on “Add New Comment.”  

Author: BenefitMall
Sent to a friend Bookmark or Share