Commission payments for MAPD's

Discussion in 'Senior Insurance Forum' started by RunnerDude, Nov 8, 2017.

  1. RunnerDude
    Offline

    RunnerDude Expert

    Posts:
    42
    Likes Received:
    3
    State:
    South Carolina
    Does anyone know if companies pay commissions for MAPD apps during AEP- or do they wait until after Dec. 7th?
     
  2. bpenn9
    Offline

    bpenn9 Guru

    Posts:
    829
    Likes Received:
    7
    State:
    Utah
    Sometime in Jan for most I believe. 50k in Jan will be nice.
     
    Last edited: Nov 8, 2017
  3. Chazm
    Online

    Chazm Guru

    Posts:
    3,635
    Likes Received:
    16
    State:
    Florida
    Aep in Jan but t65 is immediate
     
  4. Matthew King
    Offline

    Matthew King Guru

    Posts:
    297
    Likes Received:
    22
    State:
    Virginia
    You've already been answered here but I thought I would drop some extra information. This is why even when AEP is happening it's important to pay attention to enrollment periods your client qualifies for most of the companies have enrollment guides to help decide this as well as a visual representation.

    Not that waiting til Jan isn't nice when it all hits. :D
     
    RunnerDude likes this.
  5. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,056
    Likes Received:
    10
    State:
    Oklahoma
    Just sold my first in T65 mapd in a long while, Humana PPO eff 11/01/17. Just got paid $36 this week, do I get the other $400, or no, since it's so close to the end of the year? I know you sell more MAPD than me, so im guessing you know.
     
  6. Fisher
    Offline

    Fisher Guru

    Posts:
    1,310
    Likes Received:
    10
    State:
    Missouri
    You'll get another commission for $407 after CMS accretes the deal. It's called the 'true-up'. Your initial should have been $37, though. 2 months of $18.50.
     
  7. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,056
    Likes Received:
    10
    State:
    Oklahoma
    Okay cool. I know I have received the true up in the past, but havent sold many MAPD this year, and couldnt remember if I still get it when they are on the plan less than 3 months in the calendar year. Thanks
     
  8. Fisher
    Offline

    Fisher Guru

    Posts:
    1,310
    Likes Received:
    10
    State:
    Missouri
    Merry Christmas! lol
     
    GoPokes likes this.
  9. RunnerDude
    Offline

    RunnerDude Expert

    Posts:
    42
    Likes Received:
    3
    State:
    South Carolina
    Do you get a different commission amount for an individual new to MAPD, than when you replace an existing MAPD?
     
  10. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,056
    Likes Received:
    10
    State:
    Oklahoma
    Yes. When new to MAPD, the commission is double the amount when replacing an existing MAPD.
     
Loading...

Share This Page