A Maryland state senator is taking insurance companies to task for their opposition to a bill raising the dependent age of adult children, saying companies need to get more actively involved in decreasing the number of uninsured state residents.
Maryland is poised to join 30 other states in extending dependent coverage to cover adult children under their parents’ health plans, a move one state delegate, who is also a health insurance agent, calls “a no-brainer.”
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.