Here's the bad news:
1. ANTHEM CT filed rates with NO commissions. Filing higher rate increases including commissions won't happen. Will this effect other Anthem states?
2. With shrinking markets in many states down to 1-3 carriers, who don't want the losing business, will be leaning towards not paying commission.
i know it's a state based exchange, and won't affect many here on this board, but have you ever heard of the "cockroach" theory?
CT News Junkie | Connecticut Exchange Grapples With Losing Brokers
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Setting the stage to replace agents in CT with bureaucrats. Feeling consumer empathy.........
Insurance Brokers Face Being Shut Out of State Exchange | WNPR News
1. ANTHEM CT filed rates with NO commissions. Filing higher rate increases including commissions won't happen. Will this effect other Anthem states?
2. With shrinking markets in many states down to 1-3 carriers, who don't want the losing business, will be leaning towards not paying commission.
i know it's a state based exchange, and won't affect many here on this board, but have you ever heard of the "cockroach" theory?
CT News Junkie | Connecticut Exchange Grapples With Losing Brokers
Access Health CT’s board of directors pressed officials Thursday to find out whether the two remaining insurance carriers participating in the exchange will continue to pay broker commissions.
Access Health CEO James Wadleigh said he’s been unable to ascertain whether they will continue to pay commissions to brokers, who direct about 40 percent of the business in the individual marketplace on the exchange.
“Access Health is unaware at this time if Connecticut carriers will continue to pay broker commissions,” Wadleigh told Access Health CT’s board of directors Thursday.
Both Anthem and ConnectiCare, the two remaining insurance companies participating in the exchange in 2017, have submitted rate increases requests. Anthem’s request seeks to eliminate broker commissions for business on the exchange and ConnectiCare’s request is vague.
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Setting the stage to replace agents in CT with bureaucrats. Feeling consumer empathy.........
Insurance Brokers Face Being Shut Out of State Exchange | WNPR News
Wadleigh said that if brokers do drop out of the system, Access Health CT may hire more staff to help advise exchange customers.