Well, to be fair, it'd already begun, but I believe this marks the beginning of the end of agents selling health insurance plans. From Anthem email just now:
"[F]or 2016, we will not pay commissions on new Individual members who enroll in ACA-compliant medical plans - on or off the exchange - with effective dates between April 1, 2016 and December 31, 2016"
In comments to our post outlining why carriers really aren't allowed to pay different commission rates for on- vs off-Exchange business, co-blogger Bob commented:
"If [carriers] have to pay the same on and off the exchange, rather than raising (reinstating) commissions for HIX business just cut all business to $0."
Called it!
"[F]or 2016, we will not pay commissions on new Individual members who enroll in ACA-compliant medical plans - on or off the exchange - with effective dates between April 1, 2016 and December 31, 2016"
In comments to our post outlining why carriers really aren't allowed to pay different commission rates for on- vs off-Exchange business, co-blogger Bob commented:
"If [carriers] have to pay the same on and off the exchange, rather than raising (reinstating) commissions for HIX business just cut all business to $0."
Called it!
from InsureBlog http://ift.tt/20ENC6P
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