- Thread starter
- #11
Vanessa Solano
Expert
- 94
First off, thank you for the thoughtful response. You are amazing.It does. Here’s s how it most likely would work
You would first get paid for the initial amount immediately, let’s say $100. Then, depending on the company you get paid the true up ($382 remaining amount) in a few weeks after.
Then let’s say on Nov 10 the client decides to switch to a new company on 1/1.
So you really only earned about $200. So $282 is charged back.
Then in January you’ll get paid the new renewal amount ($250?) for all of 2020.
You actually lose money in this situation. The $32 difference plus the monthly renewals you would have earned monthly in Jan.
Second, why does $282 specifically get taken back? Is that a flat figure or is there a formula for it? And how do they even know if it's 2 separate carriers?
And I see about the renewals so its definitely best to ensure that the member is getting the best plan possible from the get go.