NCIA Insurance Agency, a subsidiary of CareFirst BlueCross BlueShield, will stop writing new policies April 1, as it terminates its “exclusive life carrier” partnership with Fort Dearborn Life Insurance Co., now Dearborn National.
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.