Expect Something Different

 
 

Health & Human Services Releases Exchange Procedures For Brokers

The role of agents, brokers, and web-brokers in regard to health insurance exchanges was clarified to some degree by a release May 1st from Health & Human Services.  While the information relates mostly to federally-facilitated exchanges and state-federal partnership exchanges, it still leaves a number of questions unanswered for state-based exchanges.
 

Exchange Registration:

In states where Federal exchanges or state-federal partnership exchanges exist, agents and brokers seeking to operate in exchanges must register with the Center for Medicare and Medicaid Services (CMS) through an online registration process available sometime during the summer of 2013.

Agents and brokers will be required to provide identification information, undergo an exchange training course, and agree to comply with federal and state exchange laws. Federally-facilitated and partnership exchanges will not offer any state-specific training, and states will continue to govern their own licensing and continueing education requirements.


Broker Interaction:

There will be two main ways that brokers and agents can interact with consumers in regards to exchanges – through the insurance company or directly through the exchange.  This will apply to both individual exchanges as well as Small Business Health Options Program (SHOP) exchanges. Going to the insurance company, agents and brokers will be redirected to the exchange website using exchange credentials obtained upon completion of exchange registration.

Agents and brokers will then assist consumers with their exchange eligibility applications. Once the consumer is deemed qualified for the exchange, the agent and broker will be redirected back to the issuer’s website to assist with plan comparison, selection, and enrollment. For Federal exchanges and state-federal partnerships, agents and brokers are not required to display or facilitate enrollment into all Qualified Health Plans.

On the exchange, consumers will login to the exchange website, and create an account. Agents and brokers can assist with the application process, but are prohibited from creating a consumer’s username and password. After a consumer completes their eligibility application, all available plans will be displayed, and the agent or broker can assist the consumer in selecting a product. The consumer will also be required to enter an agent’s exchange credentials to indicate they were assisted by the agent in choosing their plan.


Commissions:

Health and Human Services will not be issuing commission rules or schedules for agents or brokers for Federal exchanges or state-partnership exchanges, though it does not plan on prohibiting states from doing so in state-based exchanges.

Previously, Health & Human Services has issued rules preventing issuers from offering different compensation rates for health plans sold inside or outside of exchanges.

The full text of the guidance can be found here.
 


Contact Heather Matias Ainesworth for group quotes and other information relating to health care reform.

 

 

Pet Insurance As A Value Added Product Line

Now you can have a link on your website where clients can purchase pet insurance for their dogs and or cats.  This coverage is offered by Pet's Best and underwritten by a subsidiary of IHC Group.  When your client accesses the link they will be offered a wide range of deductibles and co-insurance choices that allows them to customize their plan to their budget and needs.  They also offer an optional rider that will cover preventative care.

As compensation, you will receive $40.00 for each policy issued.  Best off all, it is totally passive income as you are not required to involve yourself in the process at any time.

Pet's Best has been offering coverage for pets for over thirty years - their first policy was issued to the "TV Star" Lassie.

To obtain your link and for assistance in posting it on your website or instuctions on how to send it directly to clients via email contact Ed Massey.


 

 

DataRaptor Is Coming This Summer!!!!

DataRator is the new face of the EZ Life Sales System and will revolutionize the way you market insurance.  Offering multiple platforms including Life (Term, Whole Life and Universal), DI, Auto, Homeowners and Annuities, you will be able to establish and track marketing campaigns, cross sell and have a total history of your relationship with clients and potential clients.

To comment on this or any other insurance related topics, visit our Website, Blog,or on Facebook.







 
Affiliated Marketing Group
 
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Phone 713.977.0611
 

 

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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.

 

 

Understanding The Difference Between Medicaid and Long Term Care Insurance

Mutual Of Omaha has created a power point to assist you in clarifying the many misunderstandings clients have about who is eligible for Medicaid and how it is not a solution for most people in planning for Long Term Care.

You can view this presentation by clicking here

Contact Steve Gresso at 713.977.0611 or click his name to email requests for quotes and or information from multiple carriers offering LTCI.


 

 

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