Guardian Disability Insurance Brokerage, a regional insurance brokerage, has added seven agents and doubled the size of its Rockville, Md., offices, buoyed by increased sales despite a flagging economy.
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.