Dickerson Closed Friday, Health Net Incentive Program, Prescription Drug Provisions, Life Insurance With BackNine, Updates, News & More!

Dickerson is Closed on Friday 8/19

Dickerson is taking the day off on Friday to do some team building so we will be better ready to serve you during Q4!

We are back in business on Monday 8/22!

Health Net’s New Incentive Program

Health Net just shared a NEW broker incentive program for September 2022 through January 2023 new business effective dates!

• For new sales with September 2022 effective dates, get a special commission rate of 6% for the life of the case, for groups with just 6 or more subscribers enrolled.
• For new sales with October 2022 through January 2023 effective dates, get a special commission rate of 6% for the life of the case, for groups with 9 or more subscribers enrolled.
• This program will replace the current broker bonus of $60 per member, ending after the 8/15/2022 effective date.

Click here for the Health Net incentive bonus flyer

Prescription Drug Provisions in the Inflation Reduction Act

For the first time, the federal government is required to negotiate prices for some top-selling drugs covered under Medicare. Drug companies are required to pay rebates if prices rise faster than inflation for drugs used by Medicare beneficiaries. This bill will lower prescription drug costs for people with Medicare and private insurance and reduce drug spending by the federal government. 

The prescription drug provisions would reduce out-of-pocket spending by Medicare beneficiaries and limit increases in drug prices for Medicare and private insurance. This illustration below examines the potential impact of these provisions for Medicare beneficiaries nationally and by state, based on legislative text released on July 27, 2022.

Sell Life Insurance From Home with BackNine

Respond to the rising number of life insurance quote requests. Offer protection for your clients and their family if something happens to them!

Get set up and sell life insurance on your website in under 10 minutes, and get people to enroll online within 5. 

Contact us here to get set up!

Click here to view our webinar recording

Health Departments Apply Lessons From Covid to Other Public Health Concerns

Health workers have started adapting lessons from their Covid-19 response to other aspects of their work. One local health department offered door-to-door training and supplies to prevent overdose deaths. The underlying strategy was forged during the pandemic when public health officials distributed rapid tests and vaccines in high-risk settings. Click here to read the full story.

Legal Alert: IRS Issues Affordability Percentage Adjustment for 2023

The IRS released the inflation-adjusted amounts for 2023 used to determine whether employer-sponsored coverage is “affordable” for purposes of the ACA employer shared responsibility provisions and premium tax credit program. Employer shared responsibility payments are also indexed. Click here to read the whitepaper.