2009 Pffs Commissions Are Out

[Non-golfing Agent]

Good luck holding on for the carriers. They can come back and say they're paying $1,000/app and I wouldn't offer these plans.

It's obvious there is a certain company that knows they have horrible plans this year and they want to keep their people on the books. This company is full of greedy, evil corporate thugs who only care about the bottom line. I hope they go bankrupt.

 

[MedSuppPro]

There is duplicity involved. Why would CMS be so sub servient to them? Just consider it a pay back!

The Advantage Plans are on their way out. The carriers attached to them will suffer. The poor sales and bad press from this will end most of this ill thought program. The next president will not have to do a thing to end it. The dye is cast. Next year, this time, we will be in the True OEP (TOEP).

 

[theinuranceguy]

MA's have been around for decades. They are not going anywhere.

The problem is part D and lock in.

 

[xrac]

This isn't America.

Die and go to hell CMS.

We all knew this was coming didn't? Isn't this socialism and our wonderful government at work?

 

[Deep South Broker]

Does anyone know what Windsor Medicare Extra paid in 2006?

 

[scottfree]

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?

Toooo funny!

 

[Insgrl]

I agree with all of the frustration, so my only comment is to xrac. Beautiful baby!

 

[moonlightandmargaritas]

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

You can Rick, but you shouldn't.

 

[sman]

Time to shift your focus to Med Supps if you work the senior market. Luckily, that's always been one of the products I offer. Part C & D was good while it lasted (at least while it produced income for us).

Do any of you remember the first year they came out with PFFS plans? Humana was the main carrier and they paid $175 in commissions. The next year I think they went to $250 and this past year they went to $325 or $350. Of course, some carriers paid more over the last couple of years. I don't recall many people complaining when the commissions were $175. We thought, "Heck, this is an easy sell".

In reality, $400 first year with a renewal of $200 isn't bad. Compare that to what you make on a Med Supp. My issue is that they end the commissions at a future date. As do most Med Supps. But with the Med Supps, you can move them to another carrier if their premiums get too high and still earn money. I can't wait to see what happens 5 or 6 years from now with all these people who have been on an MA for 6 years and won't be able to find an agent to help them.

CMS is clueless!

 

[theinuranceguy]

Time to shift your focus to Med Supps if you work the senior market. Luckily, that's always been one of the products I offer. Part C & D was good while it lasted (at least while it produced income for us).

Do any of you remember the first year they came out with PFFS plans? Humana was the main carrier and they paid $175 in commissions. The next year I think they went to $250 and this past year they went to $325 or $350. Of course, some carriers paid more over the last couple of years. I don't recall many people complaining when the commissions were $175. We thought, "Heck, this is an easy sell".

In reality, $400 first year with a renewal of $200 isn't bad. Compare that to what you make on a Med Supp. My issue is that they end the commissions at a future date. As do most Med Supps. But with the Med Supps, you can move them to another carrier if their premiums get too high and still earn money. I can't wait to see what happens 5 or 6 years from now with all these people who have been on an MA for 6 years and won't be able to find an agent to help them.

CMS is clueless!

Thank you Sman. Finally someone who appreciates where we as agents have come from. Back in the 90's we were getting paid $50 for enrolling a person into an MA. And we were ecstatic!

As for after six years all you need to do is sell your book of business and buy a new one and then you can be the servicing agent for another six years. Its a shame I know, but that is the only solutions I can think of.