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ALERT RE: 1st YEAR Commissions. MUST READ
- Thread starter AttillaTheOne
- Start date
- 1,704
So does that mean that agents paid by other companies like Coventry will now be debited if that client had a prior PartD pland but new to MA? Creative screwing going on here!!
According to the Ritter agency,
In 2009, CMS requires organizations to pay the renewal rate for all enrollments except those of beneficiaries newly entitled to Medicare or enrolling in an MA plan, Cost plan or PDP for the first time. This means for example that for 2009 MA plans with an initial year commission amount of $400 will pay a commission of $200 to their agents and brokers, unless the enrollment is for a beneficiary newly entitled to Medicare or enrolling in a MA plan for the first time. .......thanks for digging up this information Ritter
Seems like some one screwed up at CMS........ you can't say this in Dec and back out in a few months….after people have been enrolled……it's called "bait and switch" ……fraud….criminal stuff…..sets a VERY dangerous precedent for dealing with ANY insurance companies with ANY products…..Healthcare is on the table in congress so let your local congressmen know what's happing…..if they cant get this right god help us all with any other policies……
In 2009, CMS requires organizations to pay the renewal rate for all enrollments except those of beneficiaries newly entitled to Medicare or enrolling in an MA plan, Cost plan or PDP for the first time. This means for example that for 2009 MA plans with an initial year commission amount of $400 will pay a commission of $200 to their agents and brokers, unless the enrollment is for a beneficiary newly entitled to Medicare or enrolling in a MA plan for the first time. .......thanks for digging up this information Ritter
Seems like some one screwed up at CMS........ you can't say this in Dec and back out in a few months….after people have been enrolled……it's called "bait and switch" ……fraud….criminal stuff…..sets a VERY dangerous precedent for dealing with ANY insurance companies with ANY products…..Healthcare is on the table in congress so let your local congressmen know what's happing…..if they cant get this right god help us all with any other policies……
That's exactly what it looks like.
Changing the rules after the fact. These companies may have no one pushing MA plans anymore. And I'm an outsider on MA plans...med-supps only so far......
Costing agents thousands of dollars and making no more out of it then a bugger on your finger that you flick off.
Oh...well you would have gotten $10 grand, but got $2 grand and we didn't inform you about the after-the-fact changes. That doesn't tick you off does it?
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That's what it sounds like...
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I just got off the phone with PHD, ooh it's true.
- 1,704
MUTINY
A
allhealthandlife
Guest
Just got off the phone with United Health Care PHD and my ICA manager.
NOW, PHD is saying that 1st year commissions WILL NOT BE PAID if the beneficiary had PART D and enrolled in a MAPD plan.
I expected close to 50 first year commissions and ALL I got paid on were clients that were TOTALLY new to Medicare. A few aging ins, a few who lost group coverage, etc. 9 to be exact.
REPEAT "If a client had a part D coverage the previous year, the agent will recieve ONLY the renewal commission."
NO ONE IN MY UHC MANAGEMENT TEAM, all the way up to the regional manager for a couple of states knew this before today!
Anyone else just finding out about this???
True - up that ! I just called PHD again and was told the same thing. This is a joke.
We shouldn't be surprised. This current administration has already shown they are willing to change a contract whenever it suits their needs.
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I'm not usually on the side of UHC. UHC wanted to pay ICA's $450/.... CMS are the ones controlling commissions. Did we even get a contract for 2009..... I don't remember if ICA's that had been with UHC for a while signed a new contract or not. It took till Chrismas to find out we were only getting $200 +...
- 14,808
It would take 5 years and in the end all agents would get a check for $5.85 but this MA stuff has class action written all over it.
I agree it does. I just read a post from an agent on Craig Ritter's website that was owed first year on about 240 cases and got first year on 40. That's 200 cases x $200=$40,000.
I don't think agents will or should let that slide.
