Virginia’s Bureau of Insurance is hoping to make things easier for some small employers seeking insurance rate information or applying for group health insurance through a new, standardized form.
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.