Insurance

Commentary: The broker’s dependence on the medical carriers — and their value to the broker’s business business — has about run its course, says columnist Nelson Griswold.

Independent insurance brokers recorded a median organic growth of nearly 6% for the second quarter of 2015, continuing a growth trend that’s been steady for the past few years.

Connecticut’s AccessHealthCT is poised to become the nation’s first state-run marketplace that will be financially self-sustaining in 2016 when federal grants end for these online marketplaces as stipulated under the Affordable Care Act.

While Montana has one of the nation’s lowest head counts, it ranked a close second behind New Hampshire in terms of the highest rate of 2015 public exchange re-enrollment among 34 states that direct their residents to Healthcare.gov.

Brokers continue to be a vital resource for individuals enrolling in health care coverage on the marketplaces setup under the ACA, with some brokers saying in 2015 they helped more than 100 individuals enroll in health care coverage on the marketplaces.

Working in partnership with USI and GoHealth, the payroll firm’s platform will serve populations with employer-provided benefits as well as those who must purchase through public exchanges.

For the first time, brokers and agents will be eligible to receive continuing education credits through the training, which is required to eligible to sell on the federal marketplace.

Three Republican senators have sent a letter to the Centers for Medicare and Medicaid Services expressing concern for the “lack of oversight for more than $1 billion in federal grants” given to state-based marketplaces.

State-based marketplaces were overall quite successful in retaining enrollees, however, a large number of consumers shopping within the marketplace during 2015 open enrollment decided to switch plans based on the price of services offered.

With its streamlined technology platform and no fee business model, Zenefits has created quite a stir in the benefits industry. Should brokers be scared or should they be thanking Zenefits for pushing the envelope?

As pressure mounts on state-run public health insurance exchanges to be financially self-sufficient in time for 2016, consumer operated and oriented plans created under the Affordable Care Act face the same challenge. And with two recent troubling developments in the CO-OP space, there are renewed questions about the long-term viability of these nonprofit entities.

Narrow networks are more prevalent in public exchanges than the commercial market, and while this trend helps keep costs more manageable, it also significantly restricts any movement for consumers and could undermine network adequacy standards.

A new coalition representing the public and private sectors, as well as Republicans and Democrats, is seeking a full repeal of the ACA’s excise tax on high-cost group plans.

The honor recognizes extraordinary contributions such as significantly increasing a firm’s sales and/or market share, providing strategic consulting to help clients achieve their highest goals, fostering employee benefit innovations, advocating successfully for adviser causes and, in general, elevating the status of all women in the profession.

As another insurer megamerger takes place, how will employer health plans fare with a shrinking field of providers?

Michael Turpin, the former CEO of UnitedHealthcare’s Northeast region, shares his thoughts on the new landscape and the potential impact the deal could have on benefit brokers and the insurance industry.

With just three major insurance companies, brokers must distinguish themselves from carriers, create additional approaches to serve clients and develop alternative risk approaches to health benefits, industry experts say.

Anthem Inc. struck a deal to buy rival Cigna Corp. for $48.4 billion, wrapping up almost a year of contentious negotiations and potentially creating the largest health insurer in the U.S.

As a value-added reseller, Apprize Technology sells and services to brokers three different benefit administration platforms, what many call a private exchange— bswift, benefitsCONNECT and Infiniti HR. Gary Wert, Apprize’s president, discusses why Apprize and other resellers may have to turn away business in the fourth quarter and why some brokers aren’t building their own exchange, but rather using a reseller.

Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks.