Archive for July 10th, 2012

Health Insurance Agents: Guide to Survival

Tuesday, July 10th, 2012

A recent article in Forbes reports the immenent demise of commissioned health insurance agents. Although independent agents provide valuable services to their clients, insurance companies under pressure from Minimum Loss Ratio requirements under ObamaCare, will jettison their preferred method of distribution out of neccessity. It is estimated that 100,000 independent agents will be “fired” by health insurance carriers in the next year.

Our advice to health insurance agents to survive, and thrive in their choosen field is to quit. Yes, quit receiving commissions from health insurance companies. Write every carrier you represent and tell them you no longer require them to act a payroll master for you and for your clients. Tell them you have decided to get paid directly from the clients you represent, thank you very much!

By this simple act, you become an agent for your client, not the insurance company. You will truly represent their interest, probably for the first time. Your value will be determined by the clients who agree to pay you, You will enjoy new friendships and you will earn more money than you ever thought possible. You will be truly independent.

In Texas you will have to be licensed to receive fees directly from your clients. A Life & Health Insurance Counselors License and a Risk Managers License are required. You should apply for these licenses right away, or face the unemployment line next year.

Good Luck!

Lawyers: Health Care Law Will Spur Employees To Sue Their Employers

Tuesday, July 10th, 2012

“They  (lawyers) are expecting employees to take companies to court not only for violations of the massive and complex law, but also for technical issues—such as documentation of benefits, change notices and the interpretation of arcane provisions—that workers may claim are preventing them from getting benefits they deserve.”

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The Future: A Two Tier Health Care Delivery System

Tuesday, July 10th, 2012
With ObamaCare now firmly in place, and with the outside chance the Republicans will repeal and replace it, the bottom line is health care delivery as we have known it is gone for good.
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83% Of Doctors Consider Quitting Profession Due To ObamaCare

Tuesday, July 10th, 2012

Eighty-three percent of American physicians have considered leaving their  practices over President Barack Obama’s health care reform law, according to a  survey released by the Doctor Patient Medical Association.

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Texas to Obama: We Intend To Stop Your Brazen Intrusions Into Our Sovereignty

Tuesday, July 10th, 2012

AUSTIN, Texas—The state of Texas will not set up a state health insurance exchange where the uninsured, among others, could use health care reform law authorized premium subsidies to buy coverage, Gov. Rick Perry said Monday.In addition, Texas will not expand Medicaid to cover more low-income state residents, Gov. Perry said.“I oppose both the expansion of Medicaid as provided in the Patient Protection and Affordable Care Act and the creation of a so-called ‘state’ insurance exchange, because both represent brazen intrusions into the sovereignty of our state,” Gov. Perry wrote in a letter sent to Health and Human Services Secretary Kathleen Sebelius.“Neither a ‘state’ exchange nor the expansion of Medicaid under the Orwellian-named PPACA would result in better ‘patient protection’ or in more ‘affordable care.’ What they would do is make Texas a mere appendage of the federal government when it comes to health care,” Gov. Perry wrote.Under the health care reform law, the federal government can set up a health insurance exchange in states that decline to do so. Last month, the U.S. Supreme Court struck down a health care reform law provision that would have stripped federal funding of Medicaid from states that did not expand eligibility for Medicaid.

Health Care Repeal Waste Of Time?

Tuesday, July 10th, 2012

“……an effort to repeal the full law, given the likely political makeup of Congress in the years ahead, seems pointless.”

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