With President Trump now in the White House, the big question is, what will happen to the ACA? Of course big changes come with the switching of a presidential administration. With the last three presidents serving out two full terms, the United States has only seen three presidents in the last 24 years. That gives the incumbent president eight full years to put new laws and policies into place, and seemingly the next president just days to dismantle it all. So far, President Trump has vowed to leave the pre-existing condition clause in place as he attempts to dismantle the Affordable Care Act. Some believe him, some don’t, and many are upset over the prospect of not being able to qualify for insurance without this clause. I think it begs the question: is insurance a human right?Read More
The true sign of a good agent is always putting your client first. We are in this business for the client, after all. Making sure the client gets the best coverage they can afford should always be your top priority. Here are a couple of tips to make sure your client is getting the best bang for their buck when it comes to their health policy.
In the last few years, the insurance industry has seen the transition from traditional hands-on and people-driven resources to online and virtual tools. Insurance carriers have rapidly moved away from paper apps with a new focus on e-apps, agent enrollment portals, and drop tickets. Everywhere you look, elements of the industry are turning away from the physical in favor of the digital.Read More
You met with your client, explained to them all of their options, and they decided on a plan. Now what? Now comes the part that for some agents can be the toughest component: filling out and submitting the application. Whether you are filling out an application for Medicare, Life Insurance, Dental, etc., it is extremely important that the application is submitted in good order. Here are 4 tips to be sure your application is processed quickly, and that you get paid as quickly as possible:Read More
We all appreciate it when somebody with expertise gives us a little hint on ways to save money. When the opposite happens and somebody suggests for you to buy the more expensive item, skepticism enters into your mind. If someone suggests you purchase a less expensive item and then explains why the switch is more beneficial for you, a connection is created between you and the sales associate. Trust has immediately begun to take place and you feel as if the sales associate has your best interest in mind.Read More
Simply put, insurance agents work in a world of regulations. Many, many, many regulations. You have to be licensed. You have to maintain that license with continuing education. You have to certify in multiple areas for multiple products and multiple carriers, in areas as diverse as Fraud, Waste, & Abuse training for life insurance (and other products), special certification for Long Term Care Insurance, AHIP certifications for ACA and Medicare product, carrier Medicare product certifications, etcetera, etcetera.Read More
Financial security is a top priority for families all over the country. Although many people plan ahead and purchase life insurance in case the primary breadwinner of the household dies, many do not consider the financial impact of a critical illness or accident on a family's finances. In 3 out of 5 cases of bankruptcy, medical bills are responsible for a family's financial crisis. Although supplemental insurance is well known amongst insurance professionals, many clients have never heard of plans that can protect them from the financial risks of a medical emergency.Read More
Have you ever felt like the job was done once a policy has been approved? It can be easy to forget a client once you’ve checked off all your obligations. Out of sight, out of mind. But neglecting to follow-up with your clients is a huge mistake – one that could fill a gap in your wallet. Sometimes we all need a reminder of the reasons we do the things we do, so I put together a list of a few motives you might have to follow-up with new customers.
What are the options for insurance for young adults in the age of Obamacare? Here is brief overview of common options for those of the millennial generation:
Employer-Sponsored Health Insurance Coverage
Any young adult who is a full time employee may potentially have access to a group plan that is offered by the employer. This is normally a desirable option since most employers pay a portion of the employee’s premium. One of the downfalls to this type of insurance coverage is the group rate could be much higher than an individual would normally pay for themselves. That is how group coverage works. It shares the cost of the entire group among all. This type of coverage fulfills the individual mandate. (What is the Individual mandate? In 2014 the Affordable Care Act included a mandate for all most all individuals to have health insurance or pay a penalty for noncompliance.)Read More
Millennials are an interesting segment of the insurance market due to their unusual health care purchase behaviors. Their methods of information consumption and decision making has understandably been affected by the technology and conditions of their generation. So why should the healthcare industry focus their energy on this generation?
This year marks the first year millennials outnumber the Baby Boomers (by 7.7 million) according to the United States Census Bureau. Aside from sheer numbers, this is a relatively unpenetrated market. As of 2015 17% of Millennials did not have health insurance; compared with the 12.3% uninsured rate in 2015 for ages 18-64.Read More