New Jersey insurance regulators are warning state residents who bought health insurance from a collection of Tennessee-based trade associations that have been shut down to file claims for any losses by Aug. 31.
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.