Individual Broker Bonuses, Open Enrollment Deadlines, Broker Compensation Disclosure, Updates, News & More
DICKERSON WEEKLY NEWS
New Legislation on Disclosure of Broker Compensation
Under the Consolidated Appropriations Act, all licensed insurance agents will be required to disclose compensation to clients of all group health plans and individual health insurance policies beginning December 27, 2021. The disclosure may also apply to compensation earned on other lines of coverage including dental, vision, chiropractic, and life. Additionally, indirect compensation, such as production bonuses, and non-monetary compensation exceeding $250, may require disclosure.
Disclosing compensation is new in the Small Group market, but standard practice in many other industries such as real estate and financial planning.
It’s important to remind your clients that whether they purchase insurance through you or directly through a carrier, the commission is included in the total premium.
Here are some compensation disclosure templates you can use for Employee Benefits and P&C.
DICKERSON INDIVIDUAL UPDATES
Individual Broker Bonuses!
Get rewarded for your hard work with broker bonus programs from our individual carriers! We updated our individual site so you can see what promotions are going on now!
Read more about the bonuses from our individual carriers here
Open Enrollment Deadlines – On and Off Exchange
Open Enrollment is here and we don’t want you to miss the California deadlines!
The deadlines below refer to enrolling with a 01/01/2022 effective date:
| Carrier | On or Off Exchange | Deadline for 1/1/22 effective date |
| Anthem | On-Exchange | 12/31/2021 |
| Anthem | Off-Exchange | 12/15/2021 |
| Bright Health | On-Exchange | 12/31/2021 |
| Bright Health | Off-Exchange | 12/15/2021 |
| LA Care | Only On-Exchange | 12/31/2021 |
| Molina | Only On-Exchange | 12/31/2021 |
| Oscar | On-Exchange | 12/31/2021 |
| Oscar | Off-Exchange | 12/15/2021 |
Get appointed before it’s too late!
Reminder: If you’re not appointed with a carrier on the date of your client’s application, you will not receive commissions!
DICKERSON INDUSTRY NEWS
An Employer’s Guide to Preparing for the 2021 OSHA ETS Vaccine Mandate
OSHA ETS for COVID-19 Vaccine and Testing Stayed By Fifth Circuit Court of Appeals
The OSHA ETS for COVID-19 vaccine and testing was immediately challenged by several petitioners. The US Court of Appeals for the Fifth Circuit temporarily stayed the enforcement of the ETS.
Click here to read the whitepaper