ACA Lucrative?

[FLM2]

In answer to your question-for those of us who have been in the business for years and have a book of business and a steady stream of referrals, ACA provides a reasonably good living in spite of a constant stream of roadblocks in the way, including:
-Annual changes in commission structures with no advance warning (and almost always lower in compensation)
-A government that plays fast and loose with the law
-An Administration that thought nothing of moving back this years' open enrollment 6 weeks and essentially compressing the time to deal with both renewals and policy terminations (which is a unique event) to 30 days.
-Insurance companies that won't release rates until just before the Open Enrollment period begins
-Commission payments held back for months for policies written On Exchange while they wait for the government to pay the premium subsidy
-A website for submitting business that doesn't always perform to expectation and still can leave out the agent
-An administration that did everything possible to take agents and brokers out of the process completely.

I think an insurance agent with little or no experience in the health niche has to be absolutely nuts to start at this point in time, there are far better ways to use the license to make a living without having to deal with the incredible amount of government oversight and annual change, it's just a lousy business model.

 

[KennyWest]

You should feed them before you eat them. Much tastier.

Adding ranch dressing makes the tough ones easier to swallow as well...

 

[Ann H]

What FLM2 said.

Besides, being an ACA certified agent gives you a sick sense of humor as proven by the other quotes on this thread.

 

[KennyWest]

What FLM2 said.

Besides, being an ACA certified agent gives you a sick sense of humor as proven by the other quotes on this thread.

It is a bit of an oxymoron on two fronts isn't it?

1. Agents as a general rule didn't like obamacare yet many are thriving in spite of it and for reasons such as subsidies (which broadened the pool of prospects ) and fear of God IRS fines put in prospects

2. Fed govt who hate insurance agents yet must (though doing still a poor job) engage and court them.

 

[DS4]

What's ACA?

Rick

American Chiropractic Association

 

[SamIam]

FLM2 was 100% correct. I have a lot of clients for me it made sense but if your starting without a book of health insurance clients I think you would be out of your mind to even waste your time.

 

[GreenSky]

Obamacare is the greatest thing to ever happen to the insurance industry. Imagine companies wanting to make a profit simply to stay in business! It's un-American.

This country was founded on the principle that we are to help our fellow man. Later we were allowed to also help women and blacks.

Once we take the profit margin out of all business things will be set in motion for true equality. Each to his ability and each to his need.

I like the Chargers to go far into the playoffs. But I digress.

Rick

 

[rugerred]

Obamacare is the greatest thing to ever happen to the insurance industry. Imagine companies wanting to make a profit simply to stay in business! It's un-American.

This country was founded on the principle that we are to help our fellow man. Later we were allowed to also help women and blacks.

Once we take the profit margin out of all business things will be set in motion for true equality. Each to his ability and each to his need.

I like the Chargers to go far into the playoffs. But I digress.

Rick

Rick it's time for your medication!

 

[LGilmore]

The ACA is just a plan change like we deal with every year.

The problem is having to use the exchange. The health apps I wrote last year took close to 20 hours and 7 days over two weeks to write. Why? the system was constantly broken, help was no where to be found. You had to lie to the software to gain any subsidy and nobody took the deadlines seriously because the government didn't take them seriously either.

I do OK with my reduced commissions for health sales (yes, they cut commissions) but I am not going out of my way for individual health business as the prospects for this year look pretty much the same as far as their website goes.

If stuff worked the right way and quickly I might feel different, but having to stop and restart meant getting the client on the phone, getting what you could done before the system crashed and then waiting 24-72 hours for the system to work again and then trying to reconnect with the client.

I just can't afford to go all in with a system like that.

 

[YouGotMyMoney]

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I just can't afford to go all in with a system like that.