In the News

Join Us at These Upcoming Events!

Posted: February 21, 2018

We have some information-packed events planned for 2018! Save the Dates for these upcoming meetings brought to you by CSAHU:

March 7: Day at the Capitol
Register here!

June 5: Symposium
Registration will be open soon!


 



 

PLEASE SUPPORT SB18-136

Posted: February 6, 2018

Health Insurance Broker Fees & Fee Disclosure for the Individual Market
By Senator Tim Neville & Representatives Tracy Kraft-Tharp & Lang Sias
 
The Colorado State Association of Health Underwriters (CSAHU) is Colorado’s largest professional association of brokers, agents and producers in the health care industry. Their members assist thousands of Colorado businesses and individuals each year in selecting and enrolling in a health plan that best meets their medical needs and their financial situation, as well as continuing to provide services to the consumer throughout the year. CSAHU advocates on behalf of its broker members and their clients.   
 
  • SB18-136 allows an insurance producer or broker to charge the client a fee if the producer or broker is not otherwise compensated by commission for the health benefit plan selected by the client.
  • The insurance producer or broker must disclose any insurer commission compensation related to the health benefit plan selected by the client. 
  • If the health benefit plan selected by the client does not include compensation from the insurer for the producer or broker, the producer or broker may charge a fee if the fee is properly disclosed to the consumer.
  • The insurance commissioner shall promulgate rules regarding the fee disclosure.
  • Insurance producers and brokers income is currently derived from commissions received from insurers. 
  • Insurers have been steadily reducing the commissions they pay to producers and brokers since 2014 and even eliminating commissions completely on some products or when certain minimum production requirements are not met.
  • Current law prohibits producers or brokers from charging a fee to consumers for their services.  Many clients may offer to pay their broker a fee when no commission is being paid by the insurer; however, under current state regulations, this is not permitted. 
Consumers in the individual market have options – producers or brokers, assisters, navigators, captive agents, and applying directly with the carrier. This bill would allow consumers to pay for the services of a producer or broker if they wish to use that option. 
 
Brokers provide valuable advice and services in the healthcare marketplace. Their knowledge of all carrier plans, available financial assistance, and a fiduciary duty to their client are all included in the broker experience and no where else.
 
Colorado State Association of Health Underwriters
Are you a Member Yet?  www.csahu.org to see why you should be.
 

Fast Facts

Posted: February 2, 2018

  • President Trump delivered his first State of the Union Address on Tuesday, promoting the benefit of eliminating the ACA's individual mandate penalties effective in 2019.
  • CMS released its annual Medicare Advantage rate guidance and is calling for new feedback on the employer plans after drastic cuts were tabled last year.
  • NAHU's Washington Update podcast wants your input on how we can improve the podcast experience.
 

Thank You to Our Day at the Capitol Sponsors!

Posted: February 2, 2018

Presenting and Badge Sponsor: 

Booth Sponsors:

Affilate Sponsor:

 

Healthcare Spending For People Covered By Employers Increased In 2016 Due To Rising Prices, Data Indicate.

Posted: January 26, 2018

The Wall Street Journal  (1/23, Whalen, Subscription Publication) reports that healthcare spending for Americans with employer-sponsored coverage rose in 2016 even though their usage decreased, according to an analysis conducted by the Health Care Cost Institute.

The Hill  (1/23, Hellmann) reports that spending on healthcare “has increased because prices are rising, not because Americans are using more health care,” according to an analysis conducted by the Health Care Cost Institute. Data show “total health-care spending grew by 4.6 percent per person from 2015 to 2016 even as utilization of services remained steady, or declined in some cases.” Consequently, “health-care spending per person reached a new high of $5,407 in 2016.”

The Miami Herald  (1/23, Chang) reports the analysis revealed that working Americans paid more for healthcare “every year from 2012 to 2016 – mostly due to double-digit price hikes for brand-name prescription drugs, inpatient surgeries and emergency room visits.” For the study, HCCI examined “more than 4 billion insurance claims for about 39 million people younger than 65 who were covered through their jobs.”

Modern Healthcare  (1/23, Livingston, Subscription Publication) reports that overall, per capita healthcare spending grew by 15% from 2012 to 2016.

 
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