You've already heard all about the $1,400 checks in the latest stimulus. But what you probably haven't heard about are the huge changes to health insurance that came with The American Rescue Plan of 2021. Specifically, changes that put brokers at tremendous risk of losing a lot of their book throughout this upcoming year.
Here are three hidden reasons why brokers need to not only keep an eye on the details behind the third stimulus, but more importantly, why they must start leveraging new opportunities to actually grow their business.
|Individual plans are cheaper than group
Group plan costs have been increasing annually by 3% to 5% for years. The cost of individual plans, however, is not largely based on the plan cost itself, but much more around the household income of the family.
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