A new producer service fee arrangement introduced by Aetna looks to eliminate broker commissions on small-group business, a move advisers claim hurts their business, their clients and most likely doesnt comply with the Affordable Care Acts medical loss ratio regulations.
Beginning with July 1, 2015 effective dates, Aetnas new Producer Service Fee model will be the compensation model on all new and renewing group business with up to 100 lives, according to an e-mail, obtained by EBA, from the carrier to an agent in Georgia.
