Filed Under:Your Practice, Regulatory

Milliman: Comp cuts could cool individual premiums

Cuts in the amounts of commissions California individual health insurers pay agents and brokers could help offset the effects of new Patient Protection and Affordable Care Act (PPACA) taxes and fees on individual health premiums.

Consultants at Milliman, an actuarial firm, give figures supporting that assessment in a PPACA premium impact study prepared for the managers of the Covered California PPACA exchange, or health insurance supermarket.

Covered California managers told the consultants that they think California individual market commissions are in the range of 13 percent to 15 percent of premiums.

Milliman found that commissions at one large California carrier are 8 percet to 12 percent of first-year premiums and 4 percent to 6 percent of renewal premiums.

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Nichole Morford

Nichole Morford
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