Expect Something Different

 
 

Another Tax Announced For ACA


 

Continuing our review of the impact of the  ACA healthcare law, it has recently been announced that there will be an additional tax placed on all policies beginning in January 2014.  Health & Human Services has released new directives that include a $63 annual per person fee to help offset the cost to insurance companies for providing coverage to those who were previously considered uninsurable. 

The tax will be assessed on all "major medical" insurance plans, including those provided by employers and those purchased individually by consumers.  Many employers already offering coverage to their workers don't see why they should have to contribute since it mainly helps the individual insurance market. This tax puts the large companies on the hook for tens of millions of dollars and adds significant additional cost to mid-size and small employers.

Beyond the impact of the cost to agents on a personal basis, this fee may also push more employers to either not offer health coverage through their companies or to reduce the number of employees that are eligible for coverage by making them "part-time".

The fee will reduce each year and will total $12 billion in 2014, $8 billion in 2015 and $5 billion in 2016.  It will phase out completely in 2017 — unless Congress decides to extend it.
 

You can access this article and make comments at the AMG Blog or on our Facebook Page.
 


Humana Announces Commission Changes


Humana has announced their new 2013 Producer Partnership Plan.  Effective January 1, 2013 there will be new base commissions on plans sold or renewed.  Beginning in the third quarter of 2013 there will be new production requirements to qualify for Tier 2 and Tier 3 commission levels.   Group Dental, Vision, Life and Disability base commissions will remain the same as in 2012.


EZ Life - An Alternative Source Of Income


EZ Life Sales is intended to be the world’s fastest and easiest life insurance application system. In just minutes a licensed agent can use the web-based system to complete the entire solicitation, quoting,
and application process with their client.

With EZ Life Sales there are no more paper applications, missing forms, or health surprises. Use the system’s built-in health analyzer and quote engine to obtain accurate product and pricing information, select the appropriate carrier, and complete a single, multi-carrier universal application. It’s that easy.

If you are concerned about loss of income from your group and individual health sales, EZ Life is an excellent way to generate new sales from existing clients.  Contact us today to  your free EZ Life Sales Account  by accessing our AMG EZ Life page or contact Steve Gresso at 713.977.0611


Opti Med And Gap Plans


 

OptiMed Limited Medical and GAP plans fall outside the scope of the Health Care Reform as “excepted benefits” as defined under HIPAA and the Public Health Service Act (PHS Act).

Limited Medical Mini-Med Plans may be a fit for your groups. Mini-medical plans fill a rapidly growing niche in the group health insurance marketplace by assisting employers to provide their non-covered employees real benefits that can help with employee retention without causing serious financial pain.

OptiMed Mini-medical plans are limited indemnity benefit plans, meaning they pay only a limited benefit for a covered service at an affordable premium for both employers and employees alike. Mini-medical plans are not to be confused with major medical insurance and they are not meant to replace major medical plans.

What is the target market?


1. Employer groups who currently have a major medical plan in place but have part time and hourly employees who do not qualify to participate or who cannot afford the plan.


2. Employer groups who can no longer afford the escalating costs of a traditional plan or who have never considered offering benefits.

3. Franchisor groups who are looking to offer a program to their franchisees to assist retention rates and employee morale.
 

Contact us at 713-977-0611 and ask for Heather for more information.

 
Affiliated Marketing Group
 
4800 Sugar Grove Blvd.,
Suite 350
Stafford, Texas 77477
Phone 713.977.0611
 

 

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EZ Life Sales

Our proprietary web based one page application that is the same for all carriers.

You can quote and submit our one page application in less than 15 minutes.

It is the easiest system available for writing  life insurance and best of all, you retain control of your case, have 24/7 status updates available and there is no reduction in commissions.

Get Your Free Account Today!

 For Producer or Broker/Dealer Use Only. Not for public distribution nor intended to be used as financial or tax advice.