I am doing research on health insurance and need to figure out how health insurance brokers get paid.  If possible, I also need non-partisan sources on the health insurance broker industry.
215444
I've been a health insurance broker for about 20 years.  Brokers in almost all US states get paid commissions that do not affect the cost of their clients' policies.  This is due to state regulations.\n\nIn another words, the policy costs the same whether the client buys from the broker or from the company.\n\nCommissions are usually a percentage of the monthly premium the client pays.  I work with all the Connecticut non-group health insurance companies and the percentage ranges from 7% to 25%.  One company pays a flat fee of $17 per month per contract.  \n\nThe companies that pay higher first year commissions ususally pay less in the second and subsequent years than they do in the first year.\n\nIt is a good business, but it is a lot of work.  You get a lot of technical questions so you have to know your stuff.  Also there are no big commission cases at least not if you focus on individual sales like I do.  However, every month or every quarter, you will cash slightly bigger checks.  Eventually you wil have a good income if you work at it.\n\nIf you are planning to come into the business, good luck (unless you are planning to compete with me in Connecticut - just kidding there are plenty of clients to go around).  Study hard; work hard; work with integrity and you will gain many new clients and friends.\n\nIf you want to find out more about me visit my website.  See below:
219799
No personal experiences, BUT I know a friend of a friend who worked for NY Life just out of college.  This person worked for a while as an agent.  He sold a number of policies, but he didn't earn enough from the commissions to live on, so he had to quit.  Later, he found out that's how NY Life has made their big bucks.  They intentionally hire kids fresh out of college, give them little or no training, no leads, no support.  The new agent won't sell a lot of policies, but the ones that he does, revert back to the company when the new agent quits.  Thus NY Life doesn't have to pay commission on those policies ever again for the life of the policies that were sold, which would be a humungous savings for NY Life.\n\nA sleazy way to make money, if you ask me.  It's a heads up, if you're planning on working for them.  It's also a heads up if you're planning on getting insurance through them.  Personally, I wouldn't.  They don't need any more money than they already have, and to make money on the backs of young kids with a built-in design for their failure is, well, sleazy.\n\nApparently it's been a practice of theirs for years.
340052
very huge topic..narrow it down some Maybe to business field, medical field, amount of years in schools, cost-not just of education but what it will cost in the future...ie) doctors pay HIGH liability ins. They make a lot of money but by the time they take the ins out and the cuts in medicare/etc..do they really make a lot...Teaching...which grades...why.
392442
This is an excellent question! \n\n In America people are purchasing "Short Term" Policies are opening themselves up to a "world of problems".   You see in the United States we passed a law that enables employees be offered "Cobra" , Cobra is for your "protection".  Let me give you a couple of "What ifs"\na. I go work for ABC Corp. and call up a few "slick" agents who sell healthcare and they sell me a Short Term policy, sounds great!..11months into the policy the Doctor discovers a tumor in my body, and says it is Malignant- I have cancer.  So I call my short term company, and they say well your policy ends in 30days, I ask the company can I convert to a Permanente policy, and they say "NO", because of your medical conditions.\nb. Second Ex. I sign up with my employers plan, and I am diagnosed 11months into the plan with Cancer, and I decide to quite employment, I am offered Cobra!. So lets keep going, lets say I pay for Cobra for 18months (until it ends) and I am still having Chemotherapy, and thus un-insurable by health companies.  Here is the Good news!!!..I am eligible for HIPPA coverage !!!.."lifesaver"..any company offering health insurance will have to accept me into a HIPPA plan.  \n\nAs you can see the only way a person can take a risk with a short term policy if they can "See the future".. and if your crystal ball shows you not needing any health services over your lifetime, then just refuse coverage!..\n\nDo not trust any salesperson, read articles and do your research, Paul Zane's books are pretty good.
527953
try:\nhttp://www.healthinsurancesavings.com/newppc/self.asp?app=over&tc=insurance+self+employed\nor:\n\nhttp://www.mccarthy-ins.com/\nThe National Association for the Self-Employed is the nation's leading resource for the Self-Employed and micro-businesses owners.\nFrom our nation's Capitol to "Main Street USA" the National Association for the Self-Employed helps its members through the power of large numbers. Let me show you how the power of over 200,000 NASE members can work for you, too.\n\n\nProfessional Liability Insurance for Today's Business Environment go to:\nhttp://www.spiris.com/professional-liability-insurance.htm\nBecause today's technologically-advanced and increasingly-global business environment creates many new risks, we analyze your business and its potential professional liabilities from many angles, including risks through patent violations, third-party vendor outsourcing, and intellectual property infringement.
551316
What is SPM.  Is that like HS? You look into the Service to pay for your medical school.  I've known of a few doctors who only had to join the Military for 6 yrs after medical school in exchange for all there bills paid.  Not a bad deal.  My nephew did it and loved it.
634854
you should contact your Broker/Dealer agency's commissions department or the life insurance's commissions department.  they should be able to tell you.  they way that commissions are paid out also depends on the type of product you sold as well.
96821
use the phone book to find business brokers and start calling. give them the parameters you have and they should be able to help. deal with several and compare the results.\n\nhere is an example of one, don't know them at all.\nhttp://www.gottesman-company.com/
26616
Everyone in the U.S. that works and pays taxes should know they're having money taking out of their check to pay Medicare/Medicaid.\n\nAttached is a link about Medicare/Medicaid.  \nThere probably are state and city assistant programs avaliable too.
297777
Sorry, but the majority of broker companies are not salsry based.  If you know the business, try applying for a processing position.  Processors receive base salaries plus a bonus on loans closed...
227915
They broker a deal between you and another party,usually shares in a business. They get a fee for this, sometimes from the seller as well
208694
If you are in the states, you should call your health care service and find out.  Even with Blue Cross, there are tiers of service depending on your contract (or your employer's contract).  You need to find out from them directly.  Good luck!
28107
found this link with a "pay table".  hope it helps.
509078
It is difficult to gage what the Dems will do.  They ran the show in Congress for 30 years prior to 1994.  When  Republicans have attempted to address problems with National Heathcare, the Dems have filibustered the bills.  I don't believe enough people are aware that the United States and the States combined Healthcare budgets are a larger amount per capita than many fully socialized Countries.  Many Pharma companies are concerned about the United States seizing control of their pricing authority because several Nations use our pricing in their equation.  Canada pays the average price between the U.S. (highest) and Italy (lowest).  I believe there is a place for the Government to negotiate pricing for those on Public assistance, but I think the real culprits are countries who leverage their prices against us, thus shifting the burden on this country.  (i.e. I need to make 2 cents on a cup of lemonade, Giovanni will only pay 1 cent, so I have to charge Joe 3 cents)    If the U.S. approaches the problem by trying to limit the return on investment to Pharma Co.s, then their stockholders will flee with their money and leave little for investment.  This was the problem during the "Dot Com" boom, where the failure was that the President appointed FEC Chairman didn't investigate these hollow companies, and allowed them to lure away and squander investment dollars.  Many of the scandals we now know of were attempts to keep the investors happy, but it was impossible for real companies to compete with fake ones.  Pharma stocks plummeted, and with a new President's FEC Chairman, many are now going to jail.  If we wrongly target Pharma as the problem, they will be forced to do "creative bookkeeping" just to keep investors interested, just like the real companies all did in the "Dot Com" thing.
519186
Contact an independent agent such as a Natiowide agent. If they can't write it with their "standard" companies, ask them for a quote throught a wholesaler. You may be able to get a quote with a national association relating to EMTs. Ask others who are EMTs or the instructors. They should have an idea of where other students have gotten their insurance.
443901
No insurance is 'worth what you pay for it' until it's time to collect benefits.  Most lines of health insurance only pay about 60% of the total premiums toward benefits.  The rest goes to expenses and profits.
82127
Very very hard, not only in Ohio but any state for that matter.  Of course it is always a matter of money, which in your case can become totally out unless you have millions.  Contact Blue Cross/Blue Shield or simiar in Ohio for guidance and more IMPORTANT contact your state Department of Health.  In most states there is a set up that provides "private" health insurance through a pool for people that have conditions not acceptable through the regular companies....of course its expensive.  In most cases they are set up by a pool of health insurance companies.  For example Texas has that set up.