Baby Boomers and agents, you are about to get what many of you wished for — health-care reform.
This so-called reform is affecting these two groups tremendously, and not in good ways. Premiums are going up, and commissions are going down.
If you are a Baby Boomer aged 50 to 64 and are lucky enough to have group or individual health coverage, you are already aware of how costs have escalated over that last few years. As the new health-care reform comes into play, I do not see any relief to this situation. Insurance companies will be required to offer more benefits with lower profit margins. To accomplish this, insurers are trying to diminish the role of the insurance agent and reducing our commissions.
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