The Independent Insurance Agents & Brokers of New Jersey is partnering this fall with Mercer County Community College to offer an Insurance and Financial Services AAS degree that it hopes will create more agents.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.