NAIFA Blog

Elimination of commission payments in health insurance market 'unfair'

March 17, 2016

In a letter to members, NAIFA President Jules Gaudreau explained why recent decisions to reduce or eliminate commission payments to advisors in the health insurance market  are  “ill-advised, short-sighted and unfair.”    “Decisions to cease commission payments on individual market policies sold after a certain date are ostensibly made to manage the costs of administering some health plans,” Gaudreau told members. “Ultimately, the elimination of commissions will cause great harm...

NAIFA Statement on Supreme Court's King v. Burwell Decision

June 25, 2015

“In the wake of the Supreme Court decision in King v. Burwell, NAIFA remains committed to pursuing targeted revisions to the Affordable Care Act,” said NAIFA President Juli McNeely. “For example, NAIFA supports legislation recently introduced by Sens. Isakson and Coons in the Senate and Reps. Long and Schrader in the House to remove advisor compensation from the medical loss ratio (MLR) calculation.   “We also favor S. 1099, introduced by Sens. Scott and Shaheen, and HR 1624, introduc...

CMS Creates Special Enrollment Period for People Unaware of ACA Penalties

February 20, 2015

The Centers for Medicare & Medicaid Services has created a “special enrollment period” from March 15 through April 30 for people who failed to obtain health insurance in 2014 and owe an Affordable Care Act-mandated fee when they file their taxes this season.   The regular enrollment period closed earlier this week, but the special period will accommodate people who did not realize the new penalty was in effect until they began preparing their 2014 federal income taxes. The New York Ti...

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...

Illinois Partners With Advisors to Bolster Health Marketplace Enrollment

January 20, 2015

Get Covered Illinois (GCI), the state’s health insurance marketplace, has launched its Producer Program , a partnership with agents and brokers to assist them in efforts to educate clients and provide coverage through the marketplace.     “We appreciate the continuing outreach by Get Covered Illinois to assist producers in enrolling their clients through the marketplace,” said Phil Lackman, who represents NAIFA-Illinois and two other agent organizations in the state. “Illinois consu...