Exactly!
retired People, over the age of 65 insurance for seniors
Medicare Supplement Insurance medicare supplemental coverage Insurance by Mutual of Omaha and Humana Aetna Coventry Part D Medigap
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BCBS-Texas - Child-ONLY - Submit in July or NO Agent
- Thread starter TxOnline
- Start date
Exactly!
retired People, over the age of 65 insurance for seniors
Medicare Supplement Insurance medicare supplemental coverage Insurance by Mutual of Omaha and Humana Aetna Coventry Part D Medigap
- 9,744
Of course it is.
- 3,345
This is the prelude to the FINAL FRONTIER of GI commissions = 0%....
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You are 100% correct. However, there are still a few carriers in Texas offering agent compensated child only plans. BC is not the only game in town at least for now. My BC rep said United Healthcare had already stopped writing child only policies, the rest may stop too. BC's Blue Pathway for kids will be priced around the same as risk pool so if there's already the risk pool why are they going to offer this at all and cut agents out? IT STINKS and it's becoming a monopoly, they are flexing the control they have over the market.
What worries me is will the others follow their lead soon? If they can get by with it I'm sure they will try. Like I told our BC rep, I'll do whatever I can to direct them elsewhere, I am very offended that they are trying to cut the agent to save money - that's a cop-out, they don't pay enough commission on these individual policies to have much impact on their bottom line especially since they have 90% of the individual and group business in Texas. They are just the primary company and they are testing the water here. They are controlling the market because they dominate it. They had a seminar for individual plans last week and think they mentioned this - nope. I guess they think we wouldn't notice. They swear they have no intentions of doing this on their other products - uh huh guess that's why they didn't come out with this before now, 7 days before they stop offering the child only plans that we can market and get paid on. I guess they just came up with this idea.
