The chairman of the U.S. Senate Commerce, Science and Transportation Committee is expanding his investigation into health insurance companies’ policies on covering medically necessary care.
Only a few months old, Pennsylvania insurers are saying it is too soon to gauge the impact of raising the adult dependent age to 30 for coverage on employer-based health plans.
Maryland is poised to join 30 other states in extending dependent coverage to cover adult children under their parents’ health plans, a move one state delegate, who is also a health insurance agent, calls “a no-brainer.”
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.