Florida blue cutting commissions

[Chazm]

Starting March 1 they are stopping most MAPD plan commissions. What's odd is they are paying on "new to FL blue at the renwal rate" but paying $0 on new to Medicare. Not even sure how that works or maybe I'm reading it wrong.

 

[billyb]

I wonder if their in house agents will be looking for a job? Have they announced the rate increase on MS yet?

 

[Chazm]

I wonder if their in house agents will be looking for a job? Have they announced the rate increase on MS yet?

I think it was announced in Oct. they didn't give a % but it looked like 9-10%

 

[DonP]

I was laughed at 6 months ago when i mentioned commissions being slashed . It's in motion now . Pay close attention to all carrier stocks collapsing the last few weeks. Profit pressures are immense . The big fat agent commissions have a big target on there back

 

[Yagents]

Fl blue is non profit. I heard FB captive agents can now sell uhc and humana mapd

 

[Chazm]

I was laughed at 6 months ago when i mentioned commissions being slashed . It's in motion now . Pay close attention to all carrier stocks collapsing the last few weeks. Profit pressures are immense . The big fat agent commissions have a big target on there back

FL Blue didn't pay commission before 3-4 years ago. A lot of counties are stopping in 2025, maybe 2026. But, I'll bet they'll be back in soon.
I made it a decade not selling them and didn't lose sales. Won't happen now either.

I think a lot of companies underestimated the drug cap including Fl blue. $15 tier 3 is way too low. I have a guy hitting the cap with them next year after spending $80 or so.

 

[DonP]

FL Blue didn't pay commission before 3-4 years ago. A lot of counties are stopping in 2025, maybe 2026. But, I'll bet they'll be back in soon.
I made it a decade not selling them and didn't lose sales. Won't happen now either.

I think a lot of companies underestimated the drug cap including Fl blue. $15 tier 3 is way too low. I have a guy hitting the cap with them next year after spending $80 or so.

Chazm the list of carriers pulling comp is growing . Anthem pulled almost every plan in 4 states oct 30 . Cigna same . Aetna and many regionals . Is this the beginning? Next aep will answer many of these questions . As I said I go till the wheels fall off but many bad signs are forming

 

[EckoRomeo]

I was laughed at 6 months ago when i mentioned commissions being slashed . It's in motion now . Pay close attention to all carrier stocks collapsing the last few weeks. Profit pressures are immense . The big fat agent commissions have a big target on there back

Actually, I was the first person here who said this AEP would be chaotic.

 

[axeman462]

I was laughed at 6 months ago when i mentioned commissions being slashed . It's in motion now . Pay close attention to all carrier stocks collapsing the last few weeks. Profit pressures are immense . The big fat agent commissions have a big target on there back

Don't be fooled. You're still being laughed at.

 

[Yagents]

Doesn't matter who was first, Donp said it 100 times. He wins