BCBS IL Future Renewls

Apr 5, 2016

  1. SamIam
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    SamIam Guru

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    BCBS I know if we enroll a special enrollment we don't get paid 1st year what about renewals will that be at 0% to or will they pay on renewals on the policy. I didn't see that.
     
    SamIam, Apr 5, 2016
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  2. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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    good question......I did a sep plan today for a fb friend.......
     
  3. SamIam
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    SamIam Guru

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    I spoke to my rep today and they said yes they will pay renewals.
     
    SamIam, Apr 6, 2016
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  4. kgmom219
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    kgmom219 What's Next?

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    That's interesting.

    VERY interesting.

    That implies that BCBSIL will be paying something in 2017.
     
  5. AllenChicago
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    AllenChicago Guru

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    If Sam's Agent Representative is correct, that's good news since BCBSIL renewals are (currently) 6% for years 2 and 3 of the customer having a BCBSIL plan and 4% thereafter.

    But as we know from recent experiences, new comp plans can be implemented on a whim, with little advance notice.

    EDIT TO ADD: I just reviewed the latest BCBSIL.com commission schedule, dated April 1, 2016. It is attached to this post. As you see, the schedule shows 0% commission from now to infinity on all Under-65 Major Medical plans effective on or after April 1, 2016. At this point, that includes plans sold during 2017 Open Enrollment.

    Bummer! :mad:
     

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    Last edited: Apr 7, 2016
  6. ARus
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    ARus Super Genius

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    We should rewrite this people at the open enrollment with a different plan and gain commission. I see this as the only way to be sure we'll get some money. On a P&C site, the workers compensation is same mess. I expect something like that here, with health insurance: low commissions, a lot of regulations, more and more control.
     
    ARus, Apr 10, 2016
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  7. AllenChicago
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    AllenChicago Guru

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    I'm starting to get a gut feeling that none of the health insurers will pay commissions for 2017 Individual/Family Plan business, ARus. All of them are losing money on this sector.

    With the exception of any new startups (like Bright Health), it would be foolish for money-losing carriers to pay us to enroll additional IFP customers.
     
  8. ARus
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    ARus Super Genius

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    I am lost a little bit with BCBS. Where I should go to see my clients' list? Can someone help me? Thanks.
     
    ARus, Apr 24, 2016
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  9. SamIam
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    SamIam Guru

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    Go into your portal and hit client reports
     
    SamIam, Apr 25, 2016
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