Health Care Reform and Agent Commission

Written by ryankimble

March 17, 2011

As you probably know, commissions for the underage health market have seen significant cuts due to Health Care Reform. Now the question is; Will Medicare Supplement, Medicare Advantage and Medicare Part D commissions see the same cuts? There are pretty good arguments on both sides, but I’ve read two articles this week that show encouraging movement in regards to agent commissions. If this kind of movement for the underage market can continue, commissions for Medicare products are less likely to be affected.

Here are links to the articles:

National Underwriter: NAIC Panel Seeks Producer Commission Comments

NAHU Washington Update: NAIC Working Towards Legislation to Remove Agent and Broker Commissions from the MLR

You May Also Like…

The Importance of Networking for Insurance Agents

The Importance of Networking for Insurance Agents

Networking is an effective way to communicate and build relationships among each other, create partnerships, and potentially expand your insurance agency. However, the pressing question is, what is the best way to network as an insurance agent?

read more