IL: Getting Ready for 2016
- Thread starter AllenChicago
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The only commission rates I knew about for 2015 were Blue Cross and Land of Lincoln, because those were the only two that were competitively priced in Northeast Illinois.
If others are competitive in some way for 2016, I'll check out their compensation schedule.
The worst thing that can happen is that a 0% commission company introduces a wide-network, low-priced PPO. If that comes about, I'm done with Individual Health, and will start doing Group Health.
If others are competitive in some way for 2016, I'll check out their compensation schedule.
The worst thing that can happen is that a 0% commission company introduces a wide-network, low-priced PPO. If that comes about, I'm done with Individual Health, and will start doing Group Health.
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I think the first time we'll see the premiums for 2016 is when HealthCare.gov publishes them. HHS said today that they're having some serious issues with getting Healthcare.gov to work correctly. A lot of "filtered" sub-searches have been added, which are causing major technical challenges.
In IL - UHC is 6% first year, 4% on 2nd, 2% on 3rd and plus.
Harken is tiered by number of policies - FYC starting at 4% for 0-12
5% for 13-24
6% for 25 plus
renewals are 2% and 1% for 2nd and 3rd plus years - regardless of number of policies.
note - these are for on-exchange policies
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October 22, 2015
Crains Business is reporting today that Plans and Prices should be on Healthcare.gov by this coming Sunday, October 25th.
Ref: http://www.chicagobusiness.com/arti...lly-see-obamacare-plans-for-sale-this-weekend
Crains Business is reporting today that Plans and Prices should be on Healthcare.gov by this coming Sunday, October 25th.
Ref: http://www.chicagobusiness.com/arti...lly-see-obamacare-plans-for-sale-this-weekend
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October 23, 2015
Get Covered Illinois, amid a sharp reduction in federal funding, has only enough money this year to pay for about 150 counselors who help consumers buy health insurance through the federal Affordable Care Act.
That's down from about 400 enrollment specialists the organization funded last year, according to the Illinois Department of Insurance.
Full Story: State cutting Obamacare navigators - Chicago Tribune
Get Covered Illinois, amid a sharp reduction in federal funding, has only enough money this year to pay for about 150 counselors who help consumers buy health insurance through the federal Affordable Care Act.
That's down from about 400 enrollment specialists the organization funded last year, according to the Illinois Department of Insurance.
Full Story: State cutting Obamacare navigators - Chicago Tribune
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October 27, 2015
An birds-eye view of the average premium increase in Illinois for 2016.
Premiums on health insurance exchanges going up in 2016 - Chicago Tribune
An birds-eye view of the average premium increase in Illinois for 2016.
Premiums on health insurance exchanges going up in 2016 - Chicago Tribune
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November 3, 2015
Today the Illinois Department of Insurance published its annual "Rate and Plan Analysis". This 61 page document for 2016, is full of state information on Premiums, Silver Plan changes, Company/County participation information, and more.
LINK: http://insurance2.illinois.gov/healthinsurance/IllinoisRateAndPlanAnalysis.pdf
One tidbit I found interesting is that there are now 0 (zero) Platinum plans on Healthcare.gov in Illinois. (BCBSIL, and maybe other companies(?), have a Platinum plan available for off-exchange purchase, however.)
Today the Illinois Department of Insurance published its annual "Rate and Plan Analysis". This 61 page document for 2016, is full of state information on Premiums, Silver Plan changes, Company/County participation information, and more.
LINK: http://insurance2.illinois.gov/healthinsurance/IllinoisRateAndPlanAnalysis.pdf
One tidbit I found interesting is that there are now 0 (zero) Platinum plans on Healthcare.gov in Illinois. (BCBSIL, and maybe other companies(?), have a Platinum plan available for off-exchange purchase, however.)
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