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Posts Tagged ‘NAIFA’

ACA Decision: What Happens Now?

Monday, July 2nd, 2012

Insurance News reports:

“The Supreme Court’s decision to uphold all but one provision in the Affordable Care Act means that for now, at least, one of the most far-reaching overhauls of the nation’s health-care system will be the law of the land. New rules for insurers that have taken effect will remain in place, while new opportunities to gain health- care coverage will begin in 2014.


NAIFA Survey Shows Federal Health Care Rule Harming Agents and Consumers

Monday, November 28th, 2011

Small Business Trends reports:

“Falls Church, VA (Press Release – November 23, 2011) –  A new survey by the National Association of Insurance and Financial Advisors (NAIFA) shows the federal health care law’s medical loss ratio (MLR) provision is threatening the ability of insurance brokers to make a living and hurting consumers who rely on these professions for advice and customer service. At the same time, state insurance commissioners passed a resolution today recognizing that the MLR is disrupting insurance markets and harming consumers.

The MLR provision, which requires insurers to spend at least 80 percent of individual and small group health insurance premiums and 85 percent of large group policies on medical or quality improvement expenses, prompted most insurance companies to slash the commissions of insurance agents and brokers when it went into effect last January.


Pre-Existing Condition Insurance Plan Available for Uninsurable

Friday, May 13th, 2011

NAIFA reports:

” As part of the Affordable Care Act (ACA) the Pre-Existing Condition Insurance Plan (PCIP) was established to provide a health coverage option for children and adults in all 50 states and the District of Columbia who have not been able to purchase coverage because of a pre-existing condition. The PCIP is administered by each state or the U.S. Department of Health and Human Services and will continue as a transitional program until 2014.

When working with clients it is important for NAIFA members to be aware of programs such as PCIP in the rare circumstances that a client cannot obtain health insurance in the traditional marketplace. Clients who have been rejected for individual insurance coverage will surely seek guidance from their professional agent. NAIFA members can provide a PCIP brochure to assist eligible clients meet their health insurance coverage needs.

Eligibility criteria for PCIP:
A U.S. citizen or residing here legally
Uninsured for at least the last six months
Have a pre-existing condition or have been denied health coverage because of a health condition

Go to “Find Your State” at and click on a state from a map of the United States or select a state from a drop-down menu for state specific information.”

Deficit Reduction Commission Reports to President

Thursday, December 9th, 2010
WASHINGTON, DC - DECEMBER 01: The National C...
Image by Getty Images via @daylife reports:

“On December 1, the co-chairmen of the President’s Deficit Reduction Commission (DRC) released the commission’s plan for reducing the deficit by $4 trillion over the next five years. The plan calls for fundamental tax reform (via simplification, including potentially repealing all tax expenditures) by 2012, deep spending cuts, major changes to Social Security and Medicare, budget process reforms, and other proposals. The co-chairs say they want the 18 commissioners to vote on whether they support the co-chairmen’s plan on Friday (December 3). That date may slip.


“Grandfather” Rules Now Include Change of Carriers Legislation to Repeal Expanded 1099 Reporting Introduced

Tuesday, November 16th, 2010

NAIFA reports:

Issue: Health Reform Modifications

Date: November 16, 2010

Actions Taken:

On November 15, the Treasury Department, Department of Health and Human Services, and the Department of Labor issued an amendment revising the interim final “grandfather” rules released in June. The revised rules, as advocated by NAIFA, will allow group plans to change carriers without losing their grandfathered status.

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