- 9,744
Most agent/broker contracts I've ever seen (or signed) had a clause as to the resolution of disputes arising under the agreement. Don't these?
ALERT RE: 1st YEAR Commissions. MUST READ
- Thread starter AttillaTheOne
- Start date
Most agent/broker contracts I've ever seen (or signed) had a clause as to the resolution of disputes arising under the agreement. Don't these?
they own me 30,000. + up till last week....most from Dec-march 31st.....
"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. "......
Thats CMS's own words!!!
"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. "......
Thats CMS's own words!!!
A
allhealthandlife
Guest
Trial lawyers like to be shown the money so lets see ....
I was expecting to be paid the true up commish on an additional 37 enrollments but only received 23 which is 35 % not paid. Let's be conservative and say that 25 % of enrollments for AEP where those with prior PDP that agents are being stiffed on. There is aprox 10 million on MA and aprox 1 million where enrolled in 2009. Lets say 50 % where enrolled by some type of 1099 broker thats 500 ,000 enrollments and 25 % of those had a prior PDP. That's 125,00 enrollments at 200.00 = 25 million in vanished commissions. These are rough numbers but it wouldn't be hard to get more exact fiqures. United States: Entire Medicare Advantage Profile - Medicare Health and Prescription Drug Plan Tracker
- 619
Lets face it, some if not all of these companies profits are down this year and the MA sales people are now a liability.
Once they get away with screwing the agents out the 1st year commisions it would not suprise me they start going after renewals.
Once they get away with screwing the agents out the 1st year commisions it would not suprise me they start going after renewals.
- 9,744
If the kid ends up going to college, I hope they learn that it's not "loose a house", it's lose a house.
"Loose" is a different word - the opposite of tight.
C
Call4Insurance
Guest
I was expecting 63 policies to be paid and I got a whopping 16 paid, thanks CMS for making me lose my home at the beginning of this year.
- 9,744
Wow, is that a bitter pill to swallow.
I'd be all over the offices of Bill Nelson and Mel Martinez, as well as your Congressperson (Vern Buchanan?).
- 14,808
I wouldn't take that. Say I wrote 50 GR cases and after all were issued they sent out a release:
Notice: We will not be paying any commission on HSA plans"
That causes me to not get paid on 30 policies? I'm in my attorney's office the next day - bet on it.
Notice: We will not be paying any commission on HSA plans"
That causes me to not get paid on 30 policies? I'm in my attorney's office the next day - bet on it.
What's that saying....the Government can do what they want to?
I wouldn't take it either. The PDP plan in force, disqualifying the agent from a first-year commission on something that was promised is a piss-poor excuse. Actually there isn't an excuse.
- 8,707
I guess the Incentives where that you would be paid $400 a renewal amount up front of $200 and the Remaining $200 paid later....So the Incentive was commission they never really intended to pay. Do you MA agents feel like you where incentivized to enroll people in the best MA plan for them or do you feel CMS put up as many road blocks as possible and now is coniving the the carriers to screw you some more?
