Bill to Remove Agent and Broker Compensation from MLR Introduced

February 10, 2015

The Access to Professional Health Insurance Advisors Act of 2015, H.R. 815, is a bill introduced this week in the House of Representatives that would remove insurance agent and broker fees from the medical loss ratio (MLR) calculation in the Affordable Care Act. The bill has 15 original cosponsors. Convincing evidence shows that including broker compensation in the MLR has seriously harmed brokers who provide health insurance, as well as the individuals and small businesses they serve. N...

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Troubled ACA CoOp Suspends Agent Commissions

February 4, 2015

Recent developments regarding health insurance Co-Ops established under the Affordable Care Act (ACA) appear to be encountering financial difficulties, which could be of significant concern to NAIFA members and their clients. One particular Co-Op in Iowa, which was heading towards insolvency, has had all agent commission payments suspended by the Iowa insurance department.   ACA Co-Ops are designed to be private non-profit insurers which underwrite ACA-compliant plans and are entities own...

NAIFA Disappointed White House Budget Targets Life Insurance Industry

February 2, 2015

NAIFA issued the following statement on the White House budget proposal by NAIFA President Juli McNeely:   "Most of the tax proposals in this year's budget appear to be repeats from past budgets. NAIFA is disappointed, but not surprised, that the Administration targets tax increases on the life insurance industry. "Americans need public policy that continues to encourage them to plan ahead, protect their families' financial security and adequately save for retirement. Well prepared f...