Commissions for MA at GA / FMO Level

[retread]

Coventry had its proposed commission structure rejected last week.

Hard to believe we are still having this conversation.

We still have another week left of the current CMS administration. Keep holding your breath as they could change the commission schedules just one more time!

Retroactive commissions set by our government for work performed November 15th through December 31st!

At least Coventry is pushing back!!!

 

[jdeasy]

Coventry had its proposed commission structure rejected last week.

Hard to believe we are still having this conversation.

We still have another week left of the current CMS administration. Keep holding your breath as they could change the commission schedules just one more time!

Retroactive commissions set by our government for work performed November 15th through December 31st!

I'm concerned about that other half for new enrollees that is to paid in the future. That would be an easy cut for the companies to make. Just not pay us money that we haven't gotten yet. That's much easier than a chargeback.

I've already taken the attitude that if I get that money, it's a bonus.

 

[policy doctor]

So here you are...a self-employed agent sweating out if you will get paid, are getting paid, or suffer chargebacks because of the capriciousness of some bureaucratic decision...usually 3-5 people.(who incidentally get paid on time and generously with our taxpayer money!) (sarcastic}

 

[The Rabbi]

Secure Horizons MGA is $445. in Florida

 

[MedSuppPro]

$0 commissions are back! Some of the benefit rich plans from SecureHorizons and Coventry are zero commissions.

Yep, people can still enroll -- just zero commission.

 

[hamben]

The main problem I have with all of this is my contracts are with the various carriers not with CMS.
All of my contracts read vary similar to this.
[FONT='Times New Roman','serif']COMPENSATION[/FONT]
[FONT='Times New Roman','serif']4.1. Compensation to Agent. Agent shall receive from the applicable Plan the Commission set forth in Participating Agent[/FONT]
[FONT='Times New Roman','serif']Addendum executed by Agent and attached hereto, for the sale a Coventry Medicare Plans. The amount of Commission[/FONT]
[FONT='Times New Roman','serif']shall depend on the type of Coventry Medicare Plan sold, as described in the Participating Agent Addendum. Coventry[/FONT]
[FONT='Times New Roman','serif']may modify the Commission amounts at any time by providing written notice to Agent of any such adjustment at least[/FONT]
[FONT='Times New Roman','serif']thirty (30) days prior to the effective date of such change. Coventry shall pay Agent [/FONT][FONT='Times New Roman','serif']the Commission in accordance[/FONT]
[FONT='Times New Roman','serif']with the time frames set forth in the Participating Agent Addendum. [/FONT][FONT='Times New Roman','serif']Coventry shall have no obligation to pay[/FONT]
[FONT='Times New Roman','serif']Agent a Commission for any sale that is made in violation of the requirements of this Agreement. Coventry may recoup,[/FONT]
[FONT='Times New Roman','serif']by means of an offset or otherwise, any Commission paid to Agent for any sale that was not in accordance with the[/FONT]
[FONT='Times New Roman','serif']requirements of this Agreement[/FONT]

[FONT='Times New Roman','serif']I don't know about the rest of you but I have not gotten 30 days written notice. Have any of you? As far as I am concerned the companies owe the money based on the contracts we signed. After all they are still getting there $10,000 a year per client.[/FONT]

[FONT='Times New Roman','serif']Thanks for letting me vent.[/FONT]

[FONT='Times New Roman','serif']Lee [/FONT]