I don't think CMS has issued their final ruling yet... when they do let's hope they have thought beyond the ends of their noses. I don't have a lot of hope.
2009 commissions
- Thread starter HealthResourceAdvisor
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I don't think CMS has issued their final ruling yet... when they do let's hope they have thought beyond the ends of their noses. I don't have a lot of hope.
- 1,255
1/2 soon and half someday after CMS reviews case for "new" status. Otherwise your 1/2 soon becomes a payment in full.
They are still advancing, but commission is as earned now after 90 days, instead of all or nothing.
- 307
The way I understand it:
No commission is earned if the client comes out of the plan the first 3 months. When the client is in the plan for 4 months, 4 months (or 1/3) of the first year commission is earned. The next 8 months are "pro-rata" chargebacks if the client comes out of the plan any time the first year.
If the client keeps the plan 6 months there would be 1/2 commission chargeback. If they kept it 9 months, there would be 1/4 commission chargeback.
Here is the BIG question for 2009!........When I sell an aging-in prospect and earn the FULL commission, how often is CMS going to send a file to the insurance companies letting them know that this person is new to Medicare ( weekly, monthly, quarterly, etc.) and how soon there after will I get PAID the other half of the commission?........I am asking ALL of my MA insurance companies this question , BEFORE I sell any aging-in prospects in 2009....Lets face it we are businessman (and women) not gov. paid social workers!
Amen!
- 1,908
Amen, Amen.
You know, when I was flying the big jets as a professional airline pilot, deregulation of the industry caused a lot of contract disputes between the unions and management. It got to the point where a co-pilot at another competing airline was getting the same pay as I was getting as Captain on the same plane. It was disgusting, sure, but I still showed up on time, flew my flight safely and swiftly, and made sure I gave my passengers every bit of service I did when my contract was leading the industry (years earlier).
A true professional does his job to the best of his ability first and foremost. Compensation comes secondarily.
A true professional does his job to the best of his ability first and foremost. Compensation comes secondarily.
