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It's interesting watching this play out with the different carriers as the Sept. deadline nears. I have two carriers I write 90% of my individual health business through, both only operate in my specific state (we have a unique market):
Carrier #1 (essentially United Health's individual arm in my state): no changes in premiums for new or existing business until the next scheduled renewal, no commission cuts "planned" for the rest of this year or 2011.
Carrier #2 (localized non-profit carrier): shutting down all individual plans as of 9/23 and opening up new plan designs. The state DOI is slow to approve plans, so as of 9/23, there will literally be no plans to sell through the carrier until approved by the state.
If nothing else, it will be entertaining to watch this entire thing go down!
Carrier #1 (essentially United Health's individual arm in my state): no changes in premiums for new or existing business until the next scheduled renewal, no commission cuts "planned" for the rest of this year or 2011.
Carrier #2 (localized non-profit carrier): shutting down all individual plans as of 9/23 and opening up new plan designs. The state DOI is slow to approve plans, so as of 9/23, there will literally be no plans to sell through the carrier until approved by the state.
If nothing else, it will be entertaining to watch this entire thing go down!