This week, compliance and regulation continued to make their presence felt in the insurance sector, while the current state of the Medicare and Medicaid systems continued to prey on people's minds.
Staying compliant in a shifting environment
Social media expert Amy McIlwain
's article, "The best social media compliance products for financial professionals
" has very been popular this week. I don't have to tell you that compliance is a constant issue for producers, and the growing presence of social media has created a whole new layer of concern. Amy’s article provides some real world advice on the best tools to help you manage your social networks while remaining compliant.
Social media software products are essential to the success of your business. They can save your company significant hassle, time and money, as well as protect it from the ramifications of non-compliant participation in social networks that are growing more and more common. Ensure that your business is following the best practices and stay on top of your social networks by utilizing these services.
There's a lot of regulatory action going on these days in the financial services industry. Unfortunately, most of the steps scheduled for this week didn't actually get done. Here are a few news stories detailing the various delays and extensions.
Senate delays 1099 vote
NAIC postpones MLR producer commission vote
SEC pushes back fiduciary duty regulation
The price of growing older
There's no denying that the Medicare and Medicaid systems have experienced dramatic changes during the past year. But exactly what those changes mean and the best strategies to deal with them are up for debate.
This week's survey
from Extend Health Inc. found that many Americans age 65 and older believe the health care reform bill weakened Medicare, even though benefits have actually been expanded rather than cut.
Meanwhile, Chris Orestis
' article, "Medicaid in crisis: Treatment of life insurance as an unqualified asset for Medicaid eligibility
, provides a comprehensive look at the current state of Medicaid, its impact on long term care planning and the treatment of life insurance as an unqualified asset when determining Medicaid eligibility.
This week Brett Kitchen
emerged as the ProducersWEB Expert on Web Marketing. Congratulations, Brett! If you haven't had the chance, be sure to check out his excellent content on the best ways to generate traffic to your website and the vital role technology plays in the insurance industry.
We also featured the profiles of some of our newest contributors: Stephen Forman
, Janet Deskins
, Anne Loehr
and Cathy Weatherford
. Don’t forget to follow them to ensure you don't miss their next article.
Finally, we've received a steady stream of emails and calls from members who are taking advantage of our new promotional graphics by posting them to their websites, blogs, newsletters and e-mail signatures. If you haven't posted a button or banner yet, you're missing out on a great opportunity to let people know about your profile and content on ProducersWEB.