Just broke overrides gone Anthem. I’m owed an apology

[GoPokes]

Maybe not you, but mom and pop shops like me just got . My agents just got if I have to tell them adios. They will fail. I'm not trying be harsh but it's the truth. Like everyone else, I don't work for free.

Yeah, if it rolls out like it looks currently, a lot of people will be losing. If you have one or two levels above street, you won't really be losing anything on your own production. But obviously the compensation on downline will have a big impact, especially if you are not still writing business.

It probably wouldn't hurt to get a few LOA contract templates drawn up, and figure out how to execute that. Even if an agent was $50 less than street, that commission is still higher than the street levels of the recent past, it's still a sizable commission.

The challenge, is the new agents, and new to sales agents, dont really understand how much help they will need from you. And then when they are getting it, they may not really grasp how much that demands of you, to drop what you're doing at the moment and assist them.

I mentioned it recently in a different thread, there are a lot of former agents who had big contracts. There are also a lot of seasoned agents still in the business, who had smaller contracts in the past. Having the biggest contract doesnt really guarantee success. But again, sometimes it's hard for people to see that.

There is value in relationships. I probably sell most of my business without the assistance of anyone else, any upline assistance. But, bc of the relationship with the upline, I certainly have been able to get a little information, from the upline, or other agents I met through the upline, which has made a massive impact on my sales, indirectly.

 

[Rossat]

See thats they key and I've brought this up many times . Fmv can be any # from cms fmv to lower. Cms only said it increases above the fmv by $100 or $50. Like fmv for 2024 on new to medicare in 2024 $611. Any carrier could have said our fmv is $400 . Cms could say fmv for 2025 is $630 . Carriers can say were paying $530 fmv plus the $100 or $630 total . Or $400 plus $100 or $500 total. Agents are underestimating how serious public CO's are about getting profit margins up . They don't care if rev falls in the short run . They could easily give agents under fmv especially with the extra $100 or $50 they have to pay . But based on previous yrs carriers don't disclose there fmv until the end of sept or so .

If it's $50 extra for plan switchers and not for renewals, this just encourages agents to flip their own book of business.

 

[GoPokes]

If it's $50 extra for plan switchers and not for renewals, this just encourages agents to flip their own book of business.

I guess I didnt read it correctly...ughhh this is going to lead to more problems... I can't see why they'd incentivize plan changes, but not persistency.

 

[straightnochaser]

All these regulatory changes are turning me into an Anarchist

 

[Rossat]

I guess I didnt read it correctly...ughhh this is going to lead to more problems... I can't see why they'd incentivize plan changes, but not persistency.

Hopefully they do.

 

[vic120]

sorry don't know why you got included in this post

Justin Brock from 3 days ago who Amerilife bought for $70 mil 2 months ago . He was obviously given info overrides over for all but the highest Fmo's ( won't be vol override ) . I won't say anymore on this subject but handwritings always been on wall . No marketing money hits me for $50 k a year . So I'm getting hit hard

Dude stop cry me a river

If anything you said was true then marketing money is not that serious

I mean honestly what were you writing 50 deals a month you were bragging about?


You dont hire anyone you do all your own CS which is almost no existant for you

You literally have NO over head

what are you crying about?

With they type of clients and retention you claim you should have a dozen a month just from referrals ?

Honestly I survived the last 5 years from clients and ref, I am only now trying to get things moving again, outside of that, I never had marketing too much until I changed FMOs and found I have been getting robbed for years

I mean that not 100% true I got money in integrity leads which were crap and cost more in time then the money anyway

and a few mailers which I didnt take most of the time



Based on your own brags you have to make more then most in America even if you have to spend your won money on advertising

I mean literally that money was a gift, it was never owed to you

And you talk about ACA is your savior?

Seriously ? Something is wrong with this picture? I mean you show proudly your pay stubs so what gives?

 

[DonP]

Dude stop cry me a river

If anything you said was true then marketing money is not that serious

I mean honestly what were you writing 50 deals a month you were bragging about?


You dont hire anyone you do all your own CS which is almost no existant for you

You literally have NO over head

what are you crying about?

With they type of clients and retention you claim you should have a dozen a month just from referrals ?

Honestly I survived the last 5 years from clients and ref, I am only now trying to get things moving again, outside of that, I never had marketing too much until I changed FMOs and found I have been getting robbed for years

I mean that not 100% true I got money in integrity leads which were crap and cost more in time then the money anyway

and a few mailers which I didnt take most of the time



Based on your own brags you have to make more then most in America even if you have to spend your won money on advertising

I mean literally that money was a gift, it was never owed to you

And you talk about ACA is your savior?

Seriously ? Something is wrong with this picture? I mean you show proudly your pay stubs so what gives?

I don't give 2 shits if Fmo's make a dime . What I'm saying if Fmo's get paid I'll get part of it . I do get over 10 referrals a month . I told you nobody makes money on me without giving me some it . I guess what pisses me off if Fmo's went untouched and they only nail the agent . That will never happen as I'd find an fmo that will share his override . I guess it irritates me your talking shit you know nothing about . When I'm proven correct I want an apology from you . Chazam said is upline is telling them overrides gone . If I'm wrong I'll admit it

 

[vic120]

I don't give 2 shits if Fmo's make a dime . What I'm saying if Fmo's get paid I'll get part of it . I do get over 10 referrals a month . I told you nobody makes money on me without giving me some it . I guess what pisses me off if Fmo's went untouched and they only nail the agent . That will never happen as I'd find an fmo that will share his override . I guess it irritates me your talking shit you know nothing about . When I'm proven correct I want an apology from you . Chazam said is upline is telling them overrides gone . If I'm wrong I'll admit it

Your contradicting yourself

Are you sounding off because you are pissed FMOs are making money off you and your not getting a cut

OR

Are you just looking to get proven correct the FMOs are getting cut out?

 

[wehotex]

Yeah, if it rolls out like it looks currently, a lot of people will be losing. If you have one or two levels above street, you won't really be losing anything on your own production. But obviously the compensation on downline will have a big impact, especially if you are not still writing business.

It probably wouldn't hurt to get a few LOA contract templates drawn up, and figure out how to execute that. Even if an agent was $50 less than street, that commission is still higher than the street levels of the recent past, it's still a sizable commission.

The challenge, is the new agents, and new to sales agents, dont really understand how much help they will need from you. And then when they are getting it, they may not really grasp how much that demands of you, to drop what you're doing at the moment and assist them.

I mentioned it recently in a different thread, there are a lot of former agents who had big contracts. There are also a lot of seasoned agents still in the business, who had smaller contracts in the past. Having the biggest contract doesnt really guarantee success. But again, sometimes it's hard for people to see that.

There is value in relationships. I probably sell most of my business without the assistance of anyone else, any upline assistance. But, bc of the relationship with the upline, I certainly have been able to get a little information, from the upline, or other agents I met through the upline, which has made a massive impact on my sales, indirectly.

Yeah, if it rolls out like it looks currently, a lot of people will be losing. If you have one or two levels above street, you won't really be losing anything on your own production


Even if agent is 2 levels above street, wouldn't his commission also drop to only FMV (+$50 or $100).
As the old business is rewritten, wouldn't the elevated GA/MGA level commissions be reduced to the new lower street level FMV (+$50 or $100)?

 

[DonP]

Yeah, if it rolls out like it looks currently, a lot of people will be losing. If you have one or two levels above street, you won't really be losing anything on your own production


Even if agent is 2 levels above street, wouldn't his commission also drop to only FMV (+$50 or $100).
As the old business is rewritten, wouldn't the elevated GA/MGA level commissions be reduced to the new lower street level FMV (+$50 or $100)?

Yes even on the old business of renewals he'll get no overrides . Remember mapd is not like med sups or life with locked in commissions on old business . Commissions of first yr and renewals are determined yearly .