2009 Pffs Commissions Are Out

[The Brokerage Resource]

The CMS doc is out, in a nutshell you will be paid 50% of the
2006 commissions for all non 1st time MA clients and 100% of the 2006 commissions for new Part C and Part D enrollee's.

If you main carrier paid higher comp in 06 then you should be receiving higher comp in 09 but for anyone who is already in Part C or D you will get 50%

Let's see how the carriers spin it.

CMS ISSUES AGENT COMPENSATION REQUIREMENTS FOR MEDICARE ADVANTAGE AND PRESCRIPTION DRUG PROGRAMS

 

[GreenSky]

The CMS doc is out, in a nutshell you will be paid 50% of the
2006 commissions for all non 1st time MA clients and 100% of the 2006 commissions for new Part C and Part D enrollee's.

If you main carrier paid higher comp in 06 then you should be receiving higher comp in 09 but for anyone who is already in Part C or D you will get 50%

Let's see how the carriers spin it.

But even then I heard it's subject to CMS approval. If they don't approve, then the carrier may not use independent agents, only their captives.

Also, it's not necessarily 100% of 2006 - they will still be capped at whatever CMS says it should be. Apparently (according to what I heard), no carrier even hinted at $500 for 2008.

I've posted this before but here's my prediction. New: $325-350. Renewal $150-175.

Since PDP renewal are already about $8-10 per year, there is absolutely no financial reason to be selling Part D plans.

So much for moving your own clients into a better plan. I can't work for free.

Rick

 

[policy doctor]

Guess we'll be standing on the road with a sign around our necks: "WILL WORK FOR FOOD"

 

[Non-golfing Agent]

This isn't America.

Die and go to hell CMS.

 

[stormtracker]

You can only get food if you send a card mentioning the possibility of discussing food and they agree to see you two days later. You can only discuss one type of food and should you agree to accept food, it must not exceed gifting regulations. All of this, of course, is depending upon local and federal regulatory approval and CMS final authority. Are you still hungry?

 

[Non-golfing Agent]

I just threw all of my supplies in the garbage.

Now I'm going to call all of my people and tell them CMS has made it impossible to provide service for Part C and D.

To hell with these plans anyways. Most of them are garbage and shouldn't have been approved by CMS to begin with. Take a guess at which company is offering garbage this year.

 

[policy doctor]

OK...i'll bite. Which plan is garbage?

 

[Non-golfing Agent]

OK...i'll bite. Which plan is garbage?

"Humanity"

 

[honestagent]

Guess we'll be standing on the road with a sign around our necks: "WILL WORK FOR FOOD"

I used to preach this saying to my former students when I taught in the hood and sold insurance to motivate them. This worked.

Funny, I'm thinking I'll become a sign holder myself. (the saying isn't really doing it for me).


I'm not feeling very motivated at the moment... is anybody or is it just me?!?!?!?

 

[MedSuppPro]

Requiring that renewal compensation be no more, or no less, than half of the compensation paid for that beneficiary in the initial year of the six-year compensation cycle established
in the Sept. 18 rule.​

Other rules from the September 18, 2008, regulations still apply.​

If you replace an existing MA MAPD or PDP you will get up to 5 years of commissions and then the client is no longer your client regardless of your services, including reviewing, and properly replacing their plan. You must read and understand this part as it spells the end of your long-term client relationship. You are a Rent-A-Agent, a term limited CMS change agent.

All under the egest of an Republican Administration.​

I will continue to see the people I gave my word to see and will not throw my plan brochures in the trash until carriers make their final pitch to their boots on the ground. This does NOT look very good.