New Jersey Sets Horizon Blue Reserve Cap

   New Jersey Gov. Chris Christie approved deals Tuesday that put a soft cap on how much capital Horizon Blue Cross Blue Shield of New Jersey can have, and reopened state campgrounds and beaches for the Fourth of July.A bitter fight over the carrier's reserves led to a partial state government shutdown...
July 4, 2017 | By Allison Bell, ThinkAdvisor

 

5 Worst States for Insurance Producer Fines

   Some states hit insurance producers with a lot more than others, and some are more likely to impose a fine than to get a producer to pay any ill-gotten money back to the customers. The National Association of Insurance Commissioners gives a little information about trends in producer fines....
July 2, 2017 | By Think Advisor

5 Things to Know About the Senate Health Bill

   Republicans hold just 52 seats in the Senate. Senate Majority Leader Mitch McConnell is struggling to get more conservative and more moderate Republicans to unite behind the version of the Affordable Care Act change bill released Thursday. At press time, at least eight Republican senators were publicly expressing skepticism about the idea of voting for the bill.
June 23, 2017 | By Think Advisor

 

DOL Fiduciary Deadline Is Coming. Here’s a Compliance Checklist

   Compliance firms and attorneys are busy giving advisors, BDs and plan sponsors a to-do list as the June 9 compliance date nears. Now that the Department of Labor has confirmed that its fiduciary rule’s compliance date will kick in on June 9, compliance firms and attorneys are busy providing checklists to broker-dealers, advisors and plan sponsors on how to prepare...
May 26, 2017 | By Melanie Waddell / Think Advisor

Web Brokers Win a Major HealthCare.gov War

If the Affordable Care Act public exchange system survives Republican efforts to change the ACA, private health insurance agents and brokers may get to play a much bigger role in selling exchange plan coverage.

President Donald Trump's Centers for Medicare & Medicaid Services says it will let web broker entities that meet CMS data security standards collect HealthCare.gov enrollment information from consumers and enroll consumers directly in exchange plan coverage, and the ACA premium tax credit subsidy program, without passing the consumers on to a separate HealthCare.gov enrollment system.

May 17, 2017 | By Think Advisor