and with my orinigal question, do you know what happens. Like if the Bob is transferred to me and with the client I wrote under her becomes a Dsnp, I change them, will I receive the chargeback (with the new upline)?
Ahh, that makes sense. That part I don't know. I really wish I knew all of this before I started. But when you know better, you do better. With my original question, what happens?
You are responsible for any chargebacks no matter what upline it is under. Just curious, just how much business have you placed? You give the impression that this is the only policy you have in force.
Yes I understand I'm responsible for the chargeback but I don't understand how it works when you write under one upline & move uplines during that transistion period & No this is not the only business I have in force. But this will be the only policy that will go in force when we change the contracts. I will re write them as a Dsnp. Maybe I'm over thinking or not explaining well. I just truly don't want to have to deal w the old upline after I'm released. They are doing the immediate release after oep to make sure there are no chargebacks (I don't have any others as of right now & My clients are very loyal )
So your old upline is the aor on all your commissions and your the writing agent ? Your old upline will have to manually transfer all those clients to your new writing #. It's like buying a book of business . If she transfers the book of business before you rewrite the Dsnp it all goes to you . I would assume if its in the middle the transfer and you write your upline is getting the full true up chargeback and you will only get credit with the prorated rest of yr since as you'll have new agent #.Example she got $626 for true up. You rewrite in April for may 1 effective date . She's getting full $626 chargeback as it's a rapid Disenrollment . You'll under a new writing # get the prorated $210 or so . If you did both this plans under your writing # you wouldn't have lost any of the $626 as long as you did with the same carrier. But again lets she how quick and if she transfers all that business to you. That means she's giving up all that future commission and i assume all the overrides
Another thing . You can talk about loyalty all you want . It appears you write dsnp's and lower income for at least some of your business . If your doing any significant vol like 250-750 apps a yr i assure you your losing 7-13% of your book a yr no matter how loyal you believe your clients are . It's the nature of the mkt .Low income is under the greatest financial stress I've ever seen and very gullible to chase the shiny penny more benefits line .
Boy isn't that the truth. I had to tell one (not my client and I am not going to take her from her agent - in fact we did a speaker phone conversation with her agent yesterday so her agent knew what to deal with on Monday; she was written less than a week ago.) that she needs to make a choice - pick the MAPD from the company the agent recommended nd she then chose (she is duel eligible so that removes a lot of issues to consider in her choice fortunately) - it has the highest cash card and the most dental with transportation as she needs a lot of dental work this year - or go back to what she had before she switched last week which was from the company she wants but it no longer has a cash card and has less dental. Her choice. Well put like that there was no issue. She went for the cash card and higher dental. Which is what her agent had given her. Sigh. I called her agent privately later and made sure she understood the cognitive impairment this woman had, I wasn't going to write anything for her, and to follow up to reassure her that she has the choice with the most $ for food and dental or she might lose her. Personally I am glad she is not my client.
Thank you so much! This is exactly what I was thinking would happen but I wasn't sure. I appreciate that explanation. I'm going to keep the Dsnp plan with Uhc but it will be under the new writing number (as long as it's all transferred right in the beginning of April. Now I understand better how it will work. Thank you
