Insurers Limit Brokers’ Fees To Cut Administrative Costs
Health insurance companies are reducing commissions for brokers in an effort to comply with health reform rules requiring that insurers spend a certain amount on health care and less on administrative tasks. On Jan. 1, commissions were reduced to as low as 4% at Aetna, 9% at Anthem Blue Cross and 12% at Blue Shield of California. In 2010, brokers received 20% of the yearly premium on new policies.
- "Health Plan Brokers Cry Foul" (Robertson, Sacramento Business Journal, 1/21).