Commissions

[Gilly]

I was just told today that all of our commissions from open enrollment would be divided into 12ths. My commission contract right now says I make 10% of the commission for each policy. I signed up 220 people during open enrollment in a mix of Advantage and Supplement plans. I thought I was going to get a decent commission check in March but now they decided to split it up into monthly payments. Is this right?

 

[Chazm]

How would we know? We don’t know who you work for. If you were direct with the insurance company it A) wouldn’t be 10% (10% of what on MAPD?) and B) you would of been paid in full in Jan for MAPD and immediately for Med supps.

 

[Gilly]

How would we know? We don’t know who you work for. If you were direct with the insurance company it A) wouldn’t be 10% (10% of what on MAPD?) and B) you would of been paid in full in Jan for MAPD and immediately for Med supps.

Yeah just sort of a general question on what you thought of our commission structure. Why would knowing what company I work for help? Lol chill out

 

[Chazm]

Yeah just sort of a general question on what you thought of our commission structure. Why would knowing what company I work for help? Lol chill out

Insurance companies can pay as earned for Med supps if you signed your contract as earned. Mapd doesn’t pay as earned. It’s $482 new to Medicare and $241 renewal. After year one you get paid monthly for MAPD