Advisers Latest

Unless you've been living under a rock, you are already aware that at least one major carrier has announced that premiums for groups of 51 employees or more will no longer include commissions. The agent can specify the commission level desired and it will be billed by the carrier, but it will be a line item visible to the client.

The notion that you can do well by doing good is alive and well in the 401(k) and qualified plan marketplace. Advisers, however, are walking a tightrope. With a big push by the government for more disclosure and stricter fiduciary standards, broker-dealers are struggling to allow their advisers to act as fiduciaries without opening themselves to unwanted liability. Meanwhile, plan sponsors are looking for advisers who can help their participants be more successful in retirement yet limit their costs, liability and work.

As the economy starts to stabilize, retirement plan experts say plan sponsors need to emphasize certain elements of their retirement education and advice programs to get workers back on track and saving for retirement.

While some media outlets have focused on the unscrupulous acts of life insurers and agents marketing unsuitable products to military families, Mike Nordquist and his agency, Consolidated Financial Group, have worked diligently over the past 35 years to protect the financial interests of U.S. soldiers and their families.

Advisers looking for innovative ways to help their clients attack health care costs now have a new arrow in their quiver: the nascent field of surgery benefit management. SBM combines the use of medical centers of excellence and medical tourism with data mining, predictive modeling, health coaching and case management.

Employers struggling to stay afloat in the flood of guidance on implementing the Patient Protection and Affordable Care Act will find themselves looking both forward and backward this year. Their challenge: to gauge how the PPACA rules issued so far are affecting their plans while at the same time anticipating the changes that lie ahead in 2012, 2014, and even 2018.

On Capitol Hill the rubber has met the road on health reform. Last month saw three noteworthy attacks on PPACA. First the House passed the PPACA repeal bill that House Speaker John Boehner had promised. Then came the ruling by a federal district court judge in Florida that the entire law is unconstitutional. This was followed by passage in the Senate of a bill to repeal PPACA's widely disliked 1099 tax reporting burden.

As President Barack Obama's health care reform package worked its way through Congress in 2009 and early 2010, Randy Flem kept a close eye on the proceedings. When Obama signed the Patient Protection and Affordable Care Act into law on March 23, 2010, Flem knew it was time to dive in. A veteran of the political process, "I had this belief that I could make a difference," says Flem. "So I just moved forward."

It was just last March when the Patient Protection and Affordable Care Act was signed into law. Now, one year later, the one thing that seems to be most certain ... is that nothing is certain at all.

Several members of Congress from both political parties expressed support last week for the role of the agent and broker post-health care reform. The legislators addressed a crowd of more than 700 at the National Association of Health Underwriters’ annual Capitol Conference in Washington, D.C. — including calls for the medical loss ratio provision of the Patient Protection and Affordable Care Act to be altered.