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How you can Approach Digital Marketing for Insurance Agencies

5 Digital Marketing Strategies for Insurance Agencies Insurance agencies can use the following strategies to improve their digital marketing performance. 1. Invest in SEO: Search engine optimization (SEO) is an essential part of any online presence, and insurance providers are no exception. By optimizing your website content for relevant keywords, you’ll increase your visibility on…

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The Sample calculations for the 2023 under the American Rescue Plan’s adjustments to the ACA’s subsidy amounts

The American Rescue Plan (ARP) of 2021 has made health insurance coverage more affordable for many Americans. With the help of this spreadsheet, you can easily see how much money you could be saving in different scenarios based on your age, income level and location. To illustrate how it works, let’s look at an example…

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Will you be able to receive an ACA premium subsidy?

The Affordable Care Act (ACA), also known as Obamacare, is a landmark piece of legislation that has helped millions of Americans gain access to quality healthcare. With the open enrollment period for marketplace plans now underway, it’s important to understand how the ACA provides premium tax credits – or subsidies – that can help make…

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Applying for the ACA coverage? Know the ropes (between the income levels).

With the ACA Marketplace Open Enrollment period upon us, now is an ideal time to consider your health coverage options. Last year, the American Rescue Plan Act made private plans sold on the ACA marketplace far more affordable than it used to be and this improved premium subsidy will continue at least through 2025 thanks…

ACA marketplace enrollment in the 2022 plans surged at higher incomes

But the biggest surge in enrollment came from buyers with higher incomes. Before the ARP, premium subsidies were available only to people with incomes up to 400% of poverty (about $51,000 for an individual). The ARP eliminated that income cap and made subsidies available on a sliding scale up to 600% FPL ($77,400 for an…

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If you Lost your job? Here’s how you can keep your health insurance or find a new coverage now.

Losing your job can be a stressful experience, and the added worry of losing health insurance coverage doesn’t help. Most Americans under 65 get their health insurance from an employer, but when that goes away so does the coverage. Fortunately, there are options for those who have lost their job-based plans due to layoff or…

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WEATHER, SUPPLY CHAIN AND INFLATION DRIVEN UP COMMERCIAL PROPERTY INSURANCE PRICES

The effects of these disasters are felt not just in the insurance industry, but in the construction industry as well. As insurers pay out claims for property damage, they also need to cover increased costs associated with rebuilding and replacing damaged structures. This is where rising construction material costs come into play – an issue…

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GROUP CAPTIVES OFFER FOR COST-SENSITIVE COMPANIES OPPORTUNITIES TO SAVE IN THE FACE OF INFLATION

Today’s inflationary conditions may be causing businesses to look for ways to reduce their overhead costs, and one option that is gaining traction is group captives – insurance companies owned by the organizations they insure. According to a new Triple-I Executive Brief, these captives are proving attractive because of the potential cost savings associated with…

How you can Grow an Independent Insurance Agency (4 Strategies)

1. Invest in Your Team: It’s essential to invest in your team, both existing and future employees. This includes providing ongoing training opportunities, staying up-to-date on industry trends, and investing in technologies that can help streamline processes for the staff so they can focus their efforts on providing excellent customer service. 2. Leverage Technology: Taking…

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The 4 Revenue Streams That Every Independent Insurance Agency Needs

The insurance industry is highly competitive and independent agencies need to ensure they are taking advantage of every opportunity available in order to maximize their profits. While relying solely on commissions and profit sharing can provide a certain level of stability, it’s not enough for long-term success. In today’s day and age, having multiple revenue…