In response to providers significantly reducing or eliminating agent compensation, the Big “I” voiced its concerns in joint letters to Congress and to the Centers for Medicare and Medicaid Services.
Both political sides seem to be digging in, with the U.S. Senate unable to advance a “clean” continuing resolution (CR).
A partial federal government shutdown began on Oct. 1, resulting in a lapse of National Flood Insurance Program (NFIP) authority.
As of press time, Congress has yet to pass government funding legislation to keep the federal government open beyond Tuesday, Sept 30. The National Flood Insurance Program (NFIP) is currently scheduled to expire on the same date.
The Big “I” urges Congress to act well in advance of the 2027 deadline and reauthorize a long-term, clean extension of this important program.
The bipartisan bill directs the Health and Human Services (HHS) Secretary to update regulations for independent agents, brokers and third-party marketing organizations (TPMOs) under Medicare Parts C and D.
Last week, a bill was reintroduced to clarify the jurisdiction of the Consumer Financial Protection Bureau (CFPB) and affirm that state regulators are best positioned to oversee the insurance industry.
During the hearing, a bill was formally introduced to streamline disaster assistance programs to accelerate aid to survivors and encourage states to invest in disaster mitigation efforts.
Independent insurance agents may be wondering what tax provisions were included as part of the expansive package. This summary from the Big “I” provides a brief overview.
Passage of the bill will make permanent the 20% deduction for pass-through entities, a huge win for many independent insurance agencies.
