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Big ‘I’ Releases White Paper on ACA Challenges and Opportunities

The Big "I" has released a white paper titled “The Affordable Care Act: Challenges and Opportunities for Employers and Advisors” by Dr. Adam Beck, The American College assistant professor of health insurance.
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The Big “I” has released a white paper titled “The Affordable Care Act: Challenges and Opportunities for Employers and Advisers” by Dr. Adam Beck, The American College assistant professor of health insurance.

To download the full document, you must be logged in to the Big “I” website. This is an internal document. Please do not share outside the association.

“The Big ‘I’ has been actively engaged throughout the health care reform debate, opposed passage of the ACA in March 2010 and has continued to look for ways to help the association’s members and their clients navigate through the labyrinth of delays, provisions and glitches in the new law,” says Robert Rusbuldt, Big “I” president & CEO. “The association has prioritized helping consumers, agents, brokers and financial advisers adapt to new requirements and regulations in a changing marketplace to ensure success in a post-reform era."

The white paper was commissioned by the Big “I” as part of this ongoing effort.  The association is also actively involved with numerous legislative efforts on Capitol Hill that address the needs of independent agents, brokers, their clients and insurance consumers. The paper addresses as the following important topics, as well as their relevance and impact:

  • Implications for the individual, small group and large group markets
  • Medical Loss Ratio (MLR) and its effect on agent commissions
  • New federal taxes and fees
  • Self-funding as an avenue
  • Considerations in serving employer clients
  • Employer mandate requirements for agents to navigate

“The Affordable Care Act has permanently altered the health insurance industry and is a topic of tremendous importance to agents and brokers in all areas of insurance and financial advising,” says Professor Beck in his executive summary. “For many brokers, there are substantial changes to the marketplace that necessitate considerations of changing business models, including adding consulting services and supplemental insurance products.”

Margarita Tapia is Big “I” director of public affairs.