They sure as hell don’t do enough to be making 80% override . I make $305 12 month commission and they make $250 . They make 50% of what I make in renewals . Show me Any other type of ins that makes 80% override on street commissions ?
Does anyone know if the FMOs will be able to continue to receive their overrides on the business that is currently on their books?
Of course not . That will gone if overrides axed . Mapd commissions are declared annually. For instance a company paying $305 for a like to like mapd can pay $100 or 0 if they like . Only the maximum amount of comp allowed is set .There’s no set commissions or vesting sch on plans .
No . I expect 1 day next week between April 1 and 5 th . The last intitial proposed rule was on Nov 7 th 5 long months ago . This is a very very long time between the initial proposed rule and final rule . Although my Humana rep said he’ll be sad to give no marketing money next yr . Hard for me to believe some carriers don’t have some inside info to this as it’s been so long working on this . Mapd are very very concerned about final Medicare funding % . It’s crazy as last yr some CO’s gave first look teases in mid June(devoted ) . They need to get the final out
It is funny that you mention this. I was just taking with another agent who asked the same. GA amendments also are released every year, so it would make sense that the overrides could also be downwardly adjusted.
