Bipartisan Senate bill crafted to exclude agent commissions from the Medical Loss Ratio (MLR) calculation

Posted by & filed under Health Care Reform, Individual Major Med, Insurance Companies, Insurance Products, News, States, Uncategorized.

A bipartisan, companion Senate bill to House bill H.R. 1206, which proposed excluding insurance agent compensation from medical loss ratio (MLR) calculations will be introduced in the next few days.   Some of the more notable changes to House bill would be removing commissions from the MLR calculation for small group and individual health programs.  Commissions…

Insurance brokers seek protection as health-care law squeezes payments to them

Posted by & filed under Individual Major Med, News, States.

Here is another story,  Washington Post , which gives varied opinions regarding the potential change in the MLR calculation for commissions.  My favorite quote in this story is from Mr. Timothy Jost, “…most people won’t need brokers because buying policies on the exchange will be simple. Frankly, I don’t think that there’s going to…

Agent/Broker Commissions Continue to Get Attention

Posted by & filed under All, Insurance Products, News, Uncategorized.

Obviously, we all know what has happened to agent commissions since the advent of PPACA.  Efforts by NAHU, from the beginning,  have been widely publicized but seen by industry outsiders as “self serving” (isn’t that what lobbying is all about…).   Recently, as shown in my blog post on 3/11, the NAIC Task Force drafted their…

Medical-Loss Ratio Announcement Expected Today

Posted by & filed under Uncategorized.

Clarification of the MLR regulations is expected to be announced this morning, according to The Hill Healthwatch.    Since the NAIC recommendations were made to Health and Human Services Secretary Sebelius, industry experts opinions have been all over the map about the effect of this key reform regulation.  While discussing the upcoming announcement with our…

Health Care Reform impacts “Health Made Simple” Product

Posted by & filed under About Ritter Insurance Marketing, Alabama, Georgia, Individual Major Med, Louisana, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, States, Tennessee, Texas, Wisconsin.

Health Made Simple, an Under Age 65 Individual Health Product from New Era Life Insurance Company, is no longer accepting new business after June 15th, 2010.  The annual or lifetime limits, dependents to age 26, acceptance of children with pre-existing conditions and the Medical Loss Ratio seem to be the key mandates that are influencing…

NAIC Comments On Limited Benefit Market

Posted by & filed under About Ritter Insurance Marketing.

As the dust continues to slightly settle on some of the provisions of the Patient Protection and Affordable Care Act (PPACA) and with the first deadline of provisions (September 23rd) quickly approaching, agents are getting information at a rapid pace.  This article touches on the National Association of Insurance Commissioners (NAIC) comments regarding the…

Survey finds consumers content with current health care system, but find it difficult to navigate and make decisions.

Posted by & filed under About Ritter Insurance Marketing, Individual Major Med.

This article leads me to believe the agent or insurance professional community has a bright future.  Simply put, most consumers don’t understand what they have or what options are available to them regarding health insurance – employer or non employer sponsored.   I don’t know that I agree, with those surveyed, that the current system works OR do I lean in…