05/03/2016
I received notices from the three carriers I am able to offer health insurance coverage. They ALL indicated that they will no longer be able to pay the agent for writing business. The government is not paying the insurance companies in a timely manner, hence they are cutting costs and they started with agents first. Gotta love Obamacare. Things are only going to get worse....
(copied and pasted from the emails I received)
Although UnitedHealthcare's individual On-Exchange plans remain available in all 34 states marketed for 2016, it has been determined we need to further adjust commissions paid on these products.
Effective January 1, 2016, no commissions will be paid for any new UnitedHealthcare Individual On-Exchange (and Off-Exchange mirror plans*) enrollments received on or after this date, in most states. Please see state exceptions below.** The new commission schedules will be available on our Broker Portal on January 1, 2016.
News Alert – Feb. 23, 2016
Retail Market
BCBSIL to Eliminate Producer Commissions for NEW Under 65 Medical Policies with Effective Dates On or After April 1
At Blue Cross and Blue Shield of Illinois (BCBSIL), we are committed to expanding access to quality health care to as many people as possible in Illinois through the retail market, and have been “all-in” since the inception of the Affordable Care Act (ACA). However, as the individual market evolves, we, in turn, need to make changes to the way we operate in order to continue offering sustainable health plan options to our members.
BCBSIL will eliminate producer commissions for new sales of individual ACA plans effective April 1, 2016.
(I also got a notice from Coventry indicating they aren't paying commissions anymore either but I can't find it).
