Benefits Brokers Keeping an Eye on Possible Medicare Changes

Benefits Brokers Keeping an Eye on Possible Medicare Changes

Benefits brokers whose book of business goes beyond group benefits to include individual Medicare subscribers are keeping an eye on potential changes to the government health insurance planned for seniors. Why? Because the Biden administration appears ready to take action that could limit future broker payments.

The administration has already shown willingness to limit the amount of money brokers can make by enrolling Medicare subscribers in Medicare Advantage and Medigap plans. But it looks like regulators want to impose further restrictions against extra payments brokers receive from insurance carriers.

Reducing Total Compensation

Axios reports that roughly 33% of the nation’s Medicare subscribers rely on brokers to help them choose their Medicare Part B, C, and D options – all of which are provided through private insurance carriers. Carriers pay brokers to steer customers to their products over and above the $611 standard allowable fee under Medicare regulations.

They do so through add-on payments to ostensibly cover broker costs related to marketing, customer service, and recruiting. Axios contends that a typical benefits broker can earn up to $1,300 per new enrollee for the services they provide. What is the problem here?

Insurance carriers do not eat the cost of paying brokers to steer Medicare subscribers to their products. Everything they pay is added to the cost of their products. In the end, this means Medicare subscribers are paying more for policies than they otherwise would if insurers companies were not paying brokers so much.

Expanding the Book of Business

Benefits brokers have historically worked with insurance carriers and general agencies, like BenefitMall, to put together group benefits packages for employers. So why are they involved in the Medicare system? It is a matter of expanding a broker’s book of business. Like any other business, brokers are always looking to bring …

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How Various Industries Can Leverage Robotic Systems

How Various Industries Can Leverage Robotic Systems

In today’s fast-paced world, industries are constantly seeking innovative ways to increase productivity and efficiency. One such technology that has revolutionized the way businesses operate is the industrial robotic arm. These versatile and highly precise robotic systems are transforming various sectors, ranging from manufacturing to healthcare. In this blog post, we will explore the potential of robotic systems and how different industries can leverage their benefits to boost productivity and streamline operations. 

By Enhancing Manufacturing Processes 

Industrial robotic arms have played a pivotal role in transforming the manufacturing industry. These robotic systems have the ability to perform repetitive and precise tasks with remarkable speed and accuracy. By automating assembly lines and carrying out intricate tasks such as welding, painting, and packaging, robotic arms have significantly improved production efficiency. This has not only reduced human error but also increased output, resulting in faster turnaround times and higher quality products. 

By Revolutionizing Healthcare 

The healthcare sector has also witnessed the remarkable impact of robotic systems. Industrial robots are now being used to assist surgeons in performing complex procedures with enhanced precision. With their steady hands and precise movements, robotic arms can carry out delicate surgeries, resulting in reduced complications and faster recovery times for patients. Moreover, these robotic systems can handle repetitive tasks such as medication dispensing and patient lifting, allowing healthcare professionals to focus more on critical and personalized care. 

By Streamlining Logistics and Warehousing 

Robotic systems have proved invaluable in optimizing logistics and warehousing operations. Industrial robotic arms can automate repetitive tasks involved in the movement, sorting, and packaging of goods. They can efficiently handle heavy loads, navigate complex warehouse layouts, and ensure accurate inventory management. By leveraging these robotic systems, businesses can achieve faster order fulfillment, reduced errors, and enhanced supply chain efficiency, leading to improved customer satisfaction. 


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What is Debt Consolidation, and How Does It Work?

What is Debt Consolidation, and How Does It Work?

Debt list elimination is just one of the benefits of debt consolidation. Find out here, at priority plus financial, how and why it works for you.

Having a debt to a limit across multiple credit cards or departments and accumulating debt from other services such as cell phones, medical bills, or different types of debt can easily distract you from meeting your minimum payments individually.

Debt consolidation consists of obtaining loans to pay off other loans and/or credit, for example, credit cards. With point breaf financial debt consolidation, you can pay off multiple debts in one monthly payment, which is just one solution to reduce your debt.

Supposing your payment capacity allows you to make minimum payments, and you will need more than that to get you out of trouble because a large part of what you pay will be going towards paying interest.

The main goal is to get a loan with lower interest and monthly payments without risking your assets. Debt consolidation loans are helpful for people with high-interest rates on their debts and who find it difficult to pay their bills every month.

The main advantages of debt consolidation are:

You only have one debt.

You owe four different things: a car loan, money on two credit cards, and a department store card. You need to track each of these debts and pay four bills each month.

With debt consolidation, you will free yourself from delayed payments with the help of credit, where your four debts will be combined into one. This way, you only have to pay one bill each month, making it easier to plan and budget your expenses.

Reduction of the average interest rate on the total amount

With four different debts, the highest interest rate can be up to 18%, and the …

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Pros and Cons of Investing in Land and Real Estate Development

Pros and Cons of Investing in Land and Real Estate Development

What is the difference between investing in land and real estate development?

When it comes to investing in land or real estate development, most people might get confused a little bit due to its similarity. Now we will explain to you what the differences are between these two terms. 

Investing in land happens when you want to become an investor in the land. It refers to the time when you purchase and own land as part of your property portfolio. Moreover, you made a profit by buying it and then keeping it until you sell it at a higher price. When you become a land investor, you will still have some time to operate your other business or even work a full-time job. Since you don’t need to spend hours maintaining your properties like when you develop them. If you are a land investor and just keep it until its price increases and sell it later, the amount of profit might not be as high as when you develop real estate. 

As for investing in real estate development, you will become a real estate developer rather than just an investor. It happens when you buy a property such as land that has nothing but you add more capital in developing this land into any kind of property that will help you gain profit or income later. For example, you buy forest land and then you use your additional money to develop that area into a resort or you build community houses for selling to other buyers. In short, when you invest your money in developing real estate you will build your property from scratch with the intention to sell it later for a high profit. But you need to be aware that if you want to become a real

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Why Invest in Gold: Different Options You Can Choose

Why Invest in Gold: Different Options You Can Choose

It is vital to remember that numerous advantages explain why choosing precious metals such as gold is a perfect investment for your requirements. At the same time, people from across the globe believe in the theory, and everyone depends on it when they do not have stability with other assets.

That is why you can see the rise in the overall price whenever minor turbulence affects global markets or if the political tensions between powerful countries increase. Still, choosing gold has stable rates globally, meaning you can liquidate it worldwide. You should enter here to understand the importance of investing in precious metals.

Adding a precious metal component to your retirement portfolio can reduce its volatility and provide you hedge against a potential downturn. Besides, you can gain money eventually. Buying gold in a self-directed IRA will help you preserve wealth and increase risk-adjusted returns for individual planning.

At the same time, having a modest amount within a balanced retirement investment can reduce the portfolio’s overall risk. Therefore, you can get protection against downturns, as mentioned above.

Gold IRA comes with numerous advantages, and the idea is that you can quickly get access. The diversity of portfolio and investment plan requires IRS-approved precious metal products, which will enhance the quality of your investments.

Physical Gold

Physical Gold

The best thing about physical precious metals is the lack of counterparty risk, meaning the central bank cannot print it, and it is a physical property no one can dilute from the outside.

Generally, silver and gold have stood the test for thousands of years, meaning they maintained their value in the face of market volatility, inflation, currency devaluation, political turmoil, war, and terrorism.

At the same time, the constant devaluation and inflation of paper currency are reducing purchasing power, and precious metals act as …

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