Thursday, March 14, 2013

Anthem CA Healthcare Reform meeting this morning

Wow!  I was in a healthcare reform meeting this morning and its crazy, there are changes happening daily and new information coming out all the time. Its mind boggling even for someone who is doing this 24 hours a day 7 days a week.  I don't know if you saw my tweets yesterday but the new application for health insurance beginning 1/1 is 21 pages long!  Ridiculous, how can it be 21 pages long when there is no underwriting?  All plans come 1/1 will be guaranteed issue.  Hilarious.  The apps now are not even 21 pages long with underwriting.  I was noticing all the other agents in the room and their reactions to various topics, of course a big one was our commissions.  Apparently we are still going to get commissions but what they will be is a question still.  They were reduced significantly back on 3/23/10 when the bill was signed and apparently its coming again when open enrollment begins in 10/13 for the PPACA.  The open enrollment period for folks will be from October of this year to 3//31/2014.  We expect open enrollment to be delayed already due to the short time frame all the carriers and the Feds have to get everything set up and approved but we shall see.  For all of my colleagues out there who would like to supplement  your income in our business with life and annuity sales helping ppl with retirement planning and college savings for their kids and grandkids, I would be happy to talk to you about joining me on my team at Five Rings Financial.  Our Next Money 101 free seminar is on April 10 in San Marcos, CA.  Have a great day all!

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