As the fiscal cliff clock continues to tick away toward the end of the year, NAIFA assistant vice president Jill Hoffman told Employee Benefits Advisor that consumers will look to the financial services industry for answers and recommendations on what to do moving forward. In a podcast interview, Hoffman advised NAIFA members to “be active and involved” in educating Congress about our products. “Now is the time to act. It’s incumbent upon the members of the financial services industry to educate their lawmakers about the impact the fiscal cliff could have on their clients.”
In addition, with the Obama Administration firmly in place for the next four years, Hoffman said while there will not be a repeal and replace effort in healthcare reform, there will be modifications to the law. “Certainly the Medical Loss Ratio is top of mind among NAIFA members. We want to make sure they are adequately compensated for the services that they provide their clients.”