Insurance Agent Forum

[GoingIndy]

Hey folks,

It looks like I will be leaning towards getting away from the P&C for a little while and venturing into a new type of insurance for me... health.

Does anyone have any advice, tips or general information on what it's like selling health insurance to businesses in New York? Mainly Long Island is where I'm going to start at least.

Thanks in advance.

[HomeService]

When I was there in 1987-89 there were no health insurors really except Empire Blue Cross and Mutual of Omaha, and then Mutual got out of it leaving one main company and it was BCBS. Now, 20 years later, it may be different now where they have more companies selling health. I am talking individual markets, groups may be different. NY always had strict laws, Some people would try and go get a PO Box in Connecticut and buy health ins there and say they lived there.

[somarco]

NY is a guaranteed issue state (and I believe community rated as well). This is not a good market for individual health insurance. I believe there are several associations that market health insurance under a very loosely structured "group" plan.

Here is one of them.

Freelancers Union :: Platform for an Independent Workforce

[moonlightandmargaritas]

The NY health insurance market (particularly NYC) is dominated by HMO's.

[GoingIndy]

Is there any money to be made in Health Insurance?

[HomeService]

It may be easier to make money in other states, NY is puckered up fairly tight on the regulations. Why not try life insurance? Disability ins? Sounds like somebody is recruiting you and telling you you can make 6 figures, blah blah. Yes, you can make 6 figures selling health, but it's harder to do in NY.