Pre-Present Situation Insurance coverage Plan (PCIP) Cuts Brokers Referral Program

Pre-Existing Condition Insurance Plan (PCIP) Cuts Agents Referral Program

As a part of the well being care reform regulation, the federal government carried out a excessive danger pool known as Pre-existing Situation Insurance coverage Plan, or often known as PCIP. It was created for individuals who presently can’t be permitted for traditional medical insurance. This might imply declined from protection, a significant well being concern akin to most cancers, or the service excludes circumstances that usually can be coated should you didn’t have already got it.This system was having issues with their enrollment numbers as much as Could of 2011. That is after they known as upon the brokers to help with the enrollment by providing a referral price. After a dramatic push by the brokers and exceeding expectations, PCIP determined to discontinue the referral program for the insurance coverage brokers. Like a foul blind date, after PCIP bought what they wished, they left the brokers excessive and dry.That is the ability and experience that insurance coverage brokers convey to the desk. The PCIP knew this and took benefit of the brokers after which minimize it off. A number of the medical insurance brokers really feel they may do the identical as soon as healthcare reform is absolutely carried out in 2014. It will depart the brokers, once more, excessive and dry. One agent has stated, “You laugh, health insurance agents had to cut back to Ramen noodles to feed their families and insurance companies are wining and dining on Wall Street. Not so fast for the politicians, they get bonus points, if you will, for reelection by going with the job killing program.” Fairly emotional assertion, I have to say. Many different brokers really feel the identical method.The PCIP was put within the healthcare reform invoice in 2010. After struggling to get this system off the bottom, they reached out to medical insurance brokers to realize their enrollment objectives. By the tip of 2011, they reached a complete enrollment of 48,879. That is greater than double of the enrollments from the yr prior with no incentive program for the medical insurance brokers. Due to the exhausting work from the medical insurance brokers, the PCIP program not wants their help.The massive query is, Do medical insurance brokers stand an opportunity in opposition to political energy and the insurance coverage corporations past 2014? The business could transfer to non-experienced order takers. Like a gaggle of individuals keen to take minimal wage and well being advantages. All of us could also be going to McDonald’s(R) or Burger King (R) to select up a medical insurance plan. A number of the business consultants could probably transfer to a consultative enterprise mannequin and cost a price for his or her companies and experience. It might add a further value to the employers, nonetheless, they know they are going to be getting the industries greatest recommendation primarily based on their firm’s wants and needs.Notice: There isn’t a info McDonald’s(R) or Burger King (R) might be promoting medical insurance. The assertion has no fact and is a press release to fill an image.