HoustonInsure
Expert
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Blue cross ends commissions as if April 1 2016. In the state of Texas
ews Alert - Feb. 23, 2016
BCBSTX to Eliminate Producer Commissions for NEW Under 65 Medical Policies with Effective Dates On or After April 1
At Blue Cross and Blue Shield of Texas (BCBSTX), we are committed to expanding access to quality health care to as many people as possible in Texas through the retail market, and have been "all-in" since the inception of the Affordable Care Act (ACA). However, as the individual market evolves, we, in turn, need to make changes to the way we operate in order to continue offering sustainable health plan options to our members.
BCBSTX will eliminate producer commissions for new sales of individual ACA plans effective April 1, 2016.
This commission change does not affect in force under 65 individual major medical renewal policies, retail ancillary products, or new or renewal sales in the group market or in the Medicare market.
We value our producer relationships and they continue to be vital to our business. As always, we assess and evaluate our commission structure on an ongoing basis and will make adjustments as appropriate. We plan to re-evaluate producer commissions for the sale of new individual under 65 major medical policies with Jan. 1, 2017, effective dates. As we approach the next open enrollment period, we will update our producers on commission rates.
To view the new compensation schedule, log in to Blue Access for ProducersSM, and select the "Texas Compen
ews Alert - Feb. 23, 2016
BCBSTX to Eliminate Producer Commissions for NEW Under 65 Medical Policies with Effective Dates On or After April 1
At Blue Cross and Blue Shield of Texas (BCBSTX), we are committed to expanding access to quality health care to as many people as possible in Texas through the retail market, and have been "all-in" since the inception of the Affordable Care Act (ACA). However, as the individual market evolves, we, in turn, need to make changes to the way we operate in order to continue offering sustainable health plan options to our members.
BCBSTX will eliminate producer commissions for new sales of individual ACA plans effective April 1, 2016.
This commission change does not affect in force under 65 individual major medical renewal policies, retail ancillary products, or new or renewal sales in the group market or in the Medicare market.
We value our producer relationships and they continue to be vital to our business. As always, we assess and evaluate our commission structure on an ongoing basis and will make adjustments as appropriate. We plan to re-evaluate producer commissions for the sale of new individual under 65 major medical policies with Jan. 1, 2017, effective dates. As we approach the next open enrollment period, we will update our producers on commission rates.
To view the new compensation schedule, log in to Blue Access for ProducersSM, and select the "Texas Compen
