Having touted its early success in implementing some parts of new federal health reform law, officials now say a $250 rebate check to seniors who fall into the Medicare “doughnut hole” will be in the mail in the next two weeks.
The co-owners of Employee One Benefit Solutions of Baltimore, Md., and the company were fined $50,000 for offering clients rebates in return for being the broker of record for the companies’ health insurance.
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.