David Poston
Expert
- 28
You said Excessive (or to be exact- “in excess”) not “crazy”
Crybaby Amerilife sueing cms because they want to take there comp
- Thread starter DonP
- Start date
Okay, let me clarify that just a bit more. I was attempting to say that what CMS pays out to the company is in excess. I also believe it is in excess as to what they pay the agent for a "new" enrollee.
Now, why do I say they have paid in excess? Because it has caused many agents and FMOs alike to push Med Advantage over other products. Many FMOs and agents have made a lot of money off of their own greed instead of helping the client get the best thing for them, whether it's an MAPD or not.
same is true about medsupps.
maybe we should remove commissions altogether?
Nah, I disagree about Med Supps, especially the overwrite part. Hardly any pennies to rub together on that.
Btw, I wasn't saying that the "$306" was too much for an MA plan, but please explain to me why it is worth double to enroll someone who is "new" to an MA plan? Is it because of all of the "extra" work they have to do as compared to someone who has already been on an MA plan?
Probably the same reason it is for a Part D plan...Nah, I disagree about Med Supps, especially the overwrite part. Hardly any pennies to rub together on that.
Btw, I wasn't saying that the "$306" was too much for an MA plan, but please explain to me why it is worth double to enroll someone who is "new" to an MA plan? Is it because of all of the "extra" work they have to do as compared to someone who has already been on an MA plan?
And I'm sure all those medsupp only hacks on YouTube are pushing medsupps so hard, simply because they "care".
Amirite Bobby? @somarco
Could this also not be looked at as "Why is it only half commission for people already enrolled, if it's the same amount of work?" Not being a smart ass, as I actually agree with your point about the difference in commission for the same amount of work. Unless I read things wrong.Nah, I disagree about Med Supps, especially the overwrite part. Hardly any pennies to rub together on that.
Btw, I wasn't saying that the "$306" was too much for an MA plan, but please explain to me why it is worth double to enroll someone who is "new" to an MA plan? Is it because of all of the "extra" work they have to do as compared to someone who has already been on an MA plan?
They should all pay the double amount, considering that dealing with seniors and the time it takes can be quite the PITA and with CMS's constant meddling.
Its because they want people on MA, If they are already on MA they are not concerned they will lose them
but they want people to choose MA over Medsupp and the agents to help
How many calls mail and TV and radio commercials are geared to Med Supp vrs MA
And it is why they have the trial right GI available to make people more comfortable to take a chance coming off med supp
TV slants MA, but the informercials on the radio and YouTube slants heavily towards medsupp.
commissions for medsupp + PDP are about the same, maybe a little less compared to new to MA (actually about equal, maybe even a little more when you calculate production bonuses). But the renewals beat MA by quite a bit. ~ which explains the huge bias toward medsupp from the agent level.
Unless things changed I dont watch tv any more but few years ago I saw maybe half dozen med sup to constant stream MA
Yup, as stated in my previous post, I agree with you...
