Archive for February 13th, 2017

Is Your Consultant/Broker Receiving Undisclosed Compensation?

Monday, February 13th, 2017

mulebriar

“In some cases, brokers can be paid undisclosed compensation, based on the size of their book of business with a carrier. ….. Many carriers also offer bonuses called “contingency” or “persistency” payments, where a broker is paid for keeping business in place, or providing “new placements.” According to an industry studies of benefits brokers, on average, 4-12% of a broker’s annual revenue  is derived from these undisclosed payments.”

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Will Texas Provide TRS ActiveCare Claim Experience Should Districts Be Forced Out?

Monday, February 13th, 2017

buzzardTexas school  districts of 1,000 employees and more may be forced out of TRS-ActiveCare and left to find their own alternative health care plans for employees. How are these districts going to find competitive bids without detailed claim experience? Will Aetna have market advantage? Will selected Aetna insurance agents/brokers have market advantage too? Will the state release claim information to each affected district?  Has marketing already begun, with agents circling the TRS ActiveCare carcass with the promise of “a safe harbor?” 

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