Senate Majority Leader McConnell announced that the Senate tax bill will include language to repeal the Affordable Care Act’s individual mandate. Republican senators Tom Cotton, Ted Cruz and Rand Paul have all pushed hard to include this language. President Trump has also pushed for the provision to be part of the tax bill. McConnell told reporters that adding the repeal of the individual mandate should make it easier to muster 50 votes to pass the bill.
Public Relying Heavily on Health Insurance Brokers- Respond Professionally!
Kaiser Health News reports that because open enrollment marketing budgets have been slashed and the open enrollment time period is shorter, the American public is relying more heavily than ever on the help of professional health insurance brokers. The Department of Health and Human Services’s federal online marketplace – healthcare.gov – has even added the “Find Local Help” feature to its website. Consumers nationwide can enter their contact information in the “Help On Demand” feature — and get a call back from a licensed broker. Kaiser Health’s Julie Appleby says, however, that some brokers may be reluctant to help due to “growing pressure on brokers — from smaller commissions to increased complexity of the health offerings.” California Broker is calling on our readers to respond properly and professionally to the public need for health insurance. It’s show time (aka open enrollment) and the public needs your services.
DMHC Fines Anthem Blue Cross $5 Million for Systemic Grievance System ViolationsThe California Department of Managed Health Care (DMHC) has taken enforcement action including a $5 million fine against Blue Cross of California (Anthem Blue Cross) for systemic grievance system violations. According to DMHC, Anthem Blue Cross has demonstrated a pattern and practice of failing to identify, timely process and resolve enrollees’ grievances. DMHC says Anthem Blue Cross has also failed to fully and timely provide information to the Department during the investigation of member complaints.
Aflac Launches Duck Chat on Facebook Messenger
Aflac recently announced its latest innovation, DuckChatSM via Facebook Messenger. It’s a new 24/7 platform that will aid consumers in understanding questions that are often asked during benefits enrollment. Aflac says DuckChatSM plays a central role in its campaign to help consumers from feeling overwhelmed and deterred from enrolling in, or applying for, the types and amounts of insurance they may need. To learn more, search for the Aflac Duck on Facebook Messenger or visit Aflac online.
Now Out: Best Brief on Trump Executive OrderA.M. Best recently published a brief on President Trump’s health care executive order and its directive to consider changes to short-term medical policies, association health plans and health reimbursement accounts. To access a copy of the briefing, titled “President Trump’s Executive Order – More Changes Impacting Health Insurer,” visit Best Week online..
It’s Video for the Insurance Industry Embedded video technology provider Vidyo, in collaboration with Efma, an association of 3,300 retail financial services companies in more than 130 countries, recently released its 2017 research study documenting the insurance industry’s turn to video-enabled services. The study polled 84 insurance services professionals from 34 countries. Responses indicate that video has emerged as a critical channel for interacting with customers, delivering advisory services, selling insurance and more.
Alpert Becomes President of the American Academy of Actuaries
The American Academy of Actuaries announced that Stephen Alpert of Ossining, N.Y., is now president of the American Academy of Actuaries, succeeding 2016–17 President Bob Beuerlein. Alpert accepted the presidential gavel from Beuerlein during the Academy’s 2017 Annual Meeting and Public Policy Forum in Washington, D.C. Alpert outlined his goal for the coming year as “increasing the public’s perception of the actuarial profession as a vital, necessary, and valuable part of the social fabric.”
Aflac Announces Retirement of Kriss Cloninger III from Board of Directors; Appoints New Board Member Katherine T. Rohrer
Aflac Incorporated today announced that Kriss Cloninger III will retire from its Board of Directors, effective December 31, 2017. Katherine T. Rohrer, Ph.D., has been appointed to its Board of Directors, effective immediately. Rohrer’s term will expire at the company’s Annual Meeting of Shareholders in 2018, at which time she will stand for election along with the other director nominees
Geoffrey Shipp Joins California Central Coast Commercial Markets Team for HUB International
HUB International of California, a wholly owned subsidiary of HUB International Limited, a global insurance brokerage, risk advisory and employee benefits firm, announced the hiring of Geoffrey Shipp as a commercial markets producer, risk management advisor and senior sales management trainee. Shipp will affiliate with the HUB Central Coast Offices as well as the Pasadena and Westlake Village offices.
Michael J. Doughty Named Chair of LIMRA/LOMA Global Board of Directors for 2018
LIMRA and LOMA announced the election of Michael J. Doughty, president and CEO, Manulife Canada, as chair of the LL Global board of directors for 2018. Doughty succeeds Rino D’Onofrio, president and CEO, RBC Life Insurance Company.
LAAHU Webinar – Annual Compliance Notices – Nov. 16 (Thursday), 10am-11am
Earn one continuing education credit. Register here.
NAAFA Webcast – Nov. 16 (Thursday), 11am PT
Join Tom McLaren as he discusses the cross-media approach for optimized marketing. The annuity world is constantly shifting and impacting the effectiveness of traditional marketing approaches, which is why it’s essential that financial professionals learn new ways to help their clients. Registration now open.
NAIFA Annual Health Forum – Nov. 17, 7am-2pm, Sherman Oaks
Event takes place at Corky’s Restaurant in Sherman Oaks. Register here.
LAAHU Holiday Party- Dec. 19, Tarzana (change of venue)
LAAHU, with support from Health Net, will host a holiday cocktail party at Chablis food +wine in Tarzana Dec 12 from 4:30pm-7:30pm. Cost of admission is an unwrapped toy or $15. Note the new location! Register here.
Sponsorship & Exhibitor
Information coming soon
IICF Casino Night -May 17, San Francisco
Join the Insurance Industry Charitable Foundation for a fun night of gambling and insurance industry networking while also raising money for community grants. The event takes place at The Rotunda, Union Square, San Francisco. Registration and sponsorship info available here.