Insurance Agents Must Now Report Commissions to Group Health Clients

Posted By bahim on Mar 14, 2022

According to a new law, Section 202 of the Consolidated Appropriations Act, effective January 1, 2022, all insurance agents who market or sell employee benefit plans must notify clients of their commissions earned from monthly premiums. This amount is expressed as a percentage for the premiums paid, and disclosure is similar to that required of real estate agents.  Employers who wish to provide employees with a group benefits...

Why You Must Ensure that Your Healthcare Subsidy is Calculated Correctly

Posted By bahim on Mar 14, 2022

Subsidies offered through Covered California, to assist individuals and families, have helped millions to afford their healthcare premiums over the years. However, these subsidies could have a potential downside if you aren’t careful: If the amount is not calculated correctly, you could be “overpaid” for the year. The consequence will be that you are required to repay the difference between what you received and what you should have...