Thought I'd start a new thread title.
I've been reading the legislation, and read NAHU's initial interpretation below..........I think we have brighter days ahead of us, vs the alternative which was NADA. As I see it, I can be a NAV if I get certified (think CMS), to sell exchange only products, where compensation is paid by the exchange, from self sustained exchange funds (no federal grants), who must charge fees to insurance companies to participate in the exchange. After all the waste, I'm sure there will be very little left over for us. But, if you can figure out a system to do volume during enrollment periods, it could be viable and lucrative. (remember, no more UW). So lucrative, that you might NOT qualify for free Medicaid. It also looks like you can double dip, meaning, still accept commish from insur co's selling NON exchange products.
Exchange web templates will be avail to states, along with calculators to assist in the ADVANCED tax credit payment if eligible. And watch out for the required exch call centers, which will duplicate existing service from the ins. co, and cause confusion to the consumer, or transfer jobs.
Here's the reg: http://ofr.gov/OFRUpload/OFRData/2011-17610_PI.pdf
From NAHU:
The proposed regulation contains significant information about the potential role of agents and brokers and “navigators” in state-based exchanges. One thing the regulation proposes is a pathway for states to ensure that individuals and small groups have access to information about agents and brokers, should they wish to use one, on state exchange websites and in other publicly available materials. The regulation also requires that navigators, including agents and brokers acting as navigators, not receive commissions or other payments directly from health insurance carriers, but specifies that these requirements only apply to health insurance exchange products. These provisions would not preclude a navigator from receiving compensation from health insurance issuers in connection with enrolling individuals, small employers or large employers in products sold outside of the exchanges. Furthermore, the proposed rule states that navigators must meet any licensing, certification or other standards prescribed by the state or exchange, as appropriate, which will allow the state or exchange to enforce existing licensure standards.
NAHU Washington Update - 07/11/2011
I've been reading the legislation, and read NAHU's initial interpretation below..........I think we have brighter days ahead of us, vs the alternative which was NADA. As I see it, I can be a NAV if I get certified (think CMS), to sell exchange only products, where compensation is paid by the exchange, from self sustained exchange funds (no federal grants), who must charge fees to insurance companies to participate in the exchange. After all the waste, I'm sure there will be very little left over for us. But, if you can figure out a system to do volume during enrollment periods, it could be viable and lucrative. (remember, no more UW). So lucrative, that you might NOT qualify for free Medicaid. It also looks like you can double dip, meaning, still accept commish from insur co's selling NON exchange products.
Exchange web templates will be avail to states, along with calculators to assist in the ADVANCED tax credit payment if eligible. And watch out for the required exch call centers, which will duplicate existing service from the ins. co, and cause confusion to the consumer, or transfer jobs.
Here's the reg: http://ofr.gov/OFRUpload/OFRData/2011-17610_PI.pdf
From NAHU:
The proposed regulation contains significant information about the potential role of agents and brokers and “navigators” in state-based exchanges. One thing the regulation proposes is a pathway for states to ensure that individuals and small groups have access to information about agents and brokers, should they wish to use one, on state exchange websites and in other publicly available materials. The regulation also requires that navigators, including agents and brokers acting as navigators, not receive commissions or other payments directly from health insurance carriers, but specifies that these requirements only apply to health insurance exchange products. These provisions would not preclude a navigator from receiving compensation from health insurance issuers in connection with enrolling individuals, small employers or large employers in products sold outside of the exchanges. Furthermore, the proposed rule states that navigators must meet any licensing, certification or other standards prescribed by the state or exchange, as appropriate, which will allow the state or exchange to enforce existing licensure standards.
NAHU Washington Update - 07/11/2011
