In a resolution dated November 22, 2011, the NAIC states that it is “essential” that health insurance agents and brokers continue to provide consumers and employers information and advice on choosing the appropriate health insurance plan.
Since the implementation of the MLRs in January, agents and brokers have seen commissions decline by up to 50%. A bill before the U.S. House of Representatives (H.R. 1206) seeks to formally exempt agent and broker compensation from the MLRs, but no action has been taken yet.
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Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. PeopleKeep, Inc., does not sell health insurance.