AGENT Beware- Penn Life, Senior Solutions, Universal American

[lawrence260]

I worked for the company for 3 months selling MA's up until March 31st. I was sent a bill for 100% of what I was paid while there. Every dime of commission I was paid, they are saying I owe it all back. The business is on the books, or I could understand chargebacks and so on, but ALL of it.

 

[insurance0707]

what's their reason...they must have told you why they want it back

 

[medx]

what is the reason ?



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[Crabcake Johnny]

You need to read your contract. When I was with UGA, if you bolted within the first year you owed back all advances within 30 days.

 

[lawrence260]

I read the contract, and I cannot see where it applies. I realize advances are loans, but there is no pre-determined time you have to stay in the contract. This is BS. Very vague

 

[Crabcake Johnny]

They loaned you money and you quit. That means you're not writing any additional business if chargebacks start coming in.

If you took out a 10 year note to open a restaurant, then closed the restaurant in 3 months the note could be called in - even if you were still making timely payments.

 

[Focus LTC]

That still seems kind of shady. Typically Ins. Co. just want to recover any chargebacks. I would get a lawyer to write a letter and see where it goes... Did you cancel your contract voluntarily or did your branch manager cancel your contract? Was your contract cancelled "for cause"? If it was cancelled for cause then that's typically when they want their money back. Did your license get suspended or revoked?

Tell us how the termination came to be, then we can help you.

 

[lawrence260]

I cancelled because they wanted us to be captive. OEP for Med Advantage ended and the direction of the med sups was unclear. No leads.

I have no chargebacks after I left that I know of.

SO if this is correct, EVEN if you are with this company for 2 years and leave then you OWE back the last year. Unreal....

 

[magagent]

Lawrence, did Senior Solutions not inform you on the very first interview that you are captive?

So, in other words the Management team came in and said "no more leads till next Novemeber, everyone have a good summer".

 

[medx]

Lawrence,, Did you find out anything else ?