John Hancock introduced a new interactive website to help brokers and consultants explore and establish long-term care (LTC) insurance plans for businesses with up to 1,000 employees.
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.