Now that we are in the midst of working through the COVID-19 crisis it’s even more important to look forward to a time when we can return to our normal schedule. With that in mind please add two save the dates to your calendar. The INsure 2020 Medicare and Group Benefits Expo has been moved to August 18-19, 2020. Details and registration information is available on the ISAHU website. On July 30th the 10th Annual Carol Cutter Memorial Golf Outing will be held at the Maple Creek Golf and Country Club. Be on the lookout for details to be posted on the ISAHU website. Many of our local chapters are having their annual golf outings this year so be sure and support them in addition to the Carol Cutter outing.
ISAHU has achieved NAHU Gold Certification level. Certification levels are determined by NAHU based on achievements of the chapter in the past year. SCIAHU has achieved Platinum Certification, the highest possible level, and SWIAHU has achieved Gold Certification. If all seven ISAHU chapters achieve some level of certification ISAHU would be granted Blue Ribbon of Excellence status by NAHU so let’s all do our part to achieve chapter certification.
2020 is the 30th anniversary of ISAHU’s charter. In 1990 NAHU recognized ISAHU’s charter as a state chapter. Prior to 1990 only the Indianapolis chapter was in existence. NAHU rules require the formation of a state chapter if there are two or more chapters in that state. The creation of ISAHU is what allows Indiana to have 7 local chapters which are quite a large number for a state our size. For example, Ohio has 5 local chapters with almost double the population of Indiana.
Nominees are being accepted for the ISAHU Board of Directors for Fiscal Year 2020-2021 which begins on July 1, 2020. Please notify President Elect Jennifer Mitchen if you are interested in being nominated or wish to nominate a current ISAHU member to serve on the Board of Directors. Jennifer can be contacted at the following email address: firstname.lastname@example.org.
Our Indiana General Assembly recently adjourned after making several changes to health care laws. While passing laws to add transparency to health care costs the Indiana health insurance agent was caught up in the process. Senate Enrolled Act 5 has language in it regarding the disclosure of agent commissions. Due to the hard work of David Berman and Dwight Hall fundamental changes to the original language in the bill were made regarding commission disclosure requirements. Though agent commissions have nothing to do with the cost of healthcare it was somehow decided that employers needed to know this information.
Republicans sponsoring this bill couldn’t explain why agent commission disclosure was important, but they insisted on keeping it in the bill. The original language was poorly written and left more questions that answers as to how the disclosure process would work. The agent of record was also named as a fiduciary to the process of disclosure. Thanks to the tireless efforts of David and Dwight they were able to convince key legislators of the problems with the bill. Final language requires insurance carriers, not agents, to make this disclosure, that ERISA accounts are exempt due to Form 5500 disclosure, and agents no longer have a fiduciary responsibility for commission disclosure because it is wholly incumbent on the carriers to provide this information. I suggest you contact your carrier representatives to find out how the carriers plan to comply with this new law. David and Dwight’s efforts are a prime example of the value of membership as no other entity in the statehouse was trying to change the language in the original bill to protect our members.
In the absence of NCAA March Madness, I thought it appropriate that this month’s quote be from Indiana’s own Coach John Wooden. Coach Wooden has many famous quotes but one of my favorites of his is the following: “Never mistake activity for achievement”. Stay safe and achieve great things in 2020!