- 15,319
RBI out of Arizona would not release me from my WellCare contract even after Bob Bever stated he did not want to work with me. You should avoid this FMO like the plague.
Rick
Rick
- Thread starter
- #12
Scott~
Thanks. I thought I did well. CIP is not letting any of us certify until October 15th, but we have all filled-out the paperwork so we can get that rate for 2008 season.
My concern/complaint/arguement/disgruntle is that it is a SNP and we should be able to begin selling for 2007 as well, but all the offers we were given were for 2008 only.
retread, not mis-quoting you, just offering an interpretation of what I have seen so far.
I am being made these offers as MGA over a small group of ten agents, and I am not interested in making too much on my agents, so I think that may have a lot to do with the rates I have gotten and can offer my guys on CIP and Coventry.
I have another post that I placed where I found that the MAs for WellCare have been increased to $400 (but I do not know whether that includes RX or not). I am difficulty finding info on that company, but I finally found some. I am not too thrilled about the two-attempts only for taking the certifications.
When I attended the Secure Horizons seminar on Monday, I was told that a lot of companies are doing this, only allowing the agents to attempt the online course twice. Because they are "weeding out" the agents that may not be working with seniors all the time.
Thanks for all the information guys. I like this forum thing.
If I can get the commission rate in writing, I am not having any difficulty with my FMO matching or beating the rates I am finding. So, if anyone else has the same rate as retread, PM me and I would love to have it sent to me.
Thanks. I thought I did well. CIP is not letting any of us certify until October 15th, but we have all filled-out the paperwork so we can get that rate for 2008 season.
My concern/complaint/arguement/disgruntle is that it is a SNP and we should be able to begin selling for 2007 as well, but all the offers we were given were for 2008 only.
retread, not mis-quoting you, just offering an interpretation of what I have seen so far.
I am being made these offers as MGA over a small group of ten agents, and I am not interested in making too much on my agents, so I think that may have a lot to do with the rates I have gotten and can offer my guys on CIP and Coventry.
I have another post that I placed where I found that the MAs for WellCare have been increased to $400 (but I do not know whether that includes RX or not). I am difficulty finding info on that company, but I finally found some. I am not too thrilled about the two-attempts only for taking the certifications.
When I attended the Secure Horizons seminar on Monday, I was told that a lot of companies are doing this, only allowing the agents to attempt the online course twice. Because they are "weeding out" the agents that may not be working with seniors all the time.
Thanks for all the information guys. I like this forum thing.
If I can get the commission rate in writing, I am not having any difficulty with my FMO matching or beating the rates I am finding. So, if anyone else has the same rate as retread, PM me and I would love to have it sent to me.
- Thread starter
- #14
Two attempts to certify is not the end of the game. After 2nd failure online, you must take a proctored exam. There is nothing I have seen that limits the total number of attempts to pass the exam, however, you MUST pass with 80% to certify. This is not new. It was this way last year, too. Beyond that, I don't know... perhaps someone else can offer more info.
Caution: This statement applies to Coventry. Other carriers have different rules regarding passing score and re-takes. See next post below....
Caution: This statement applies to Coventry. Other carriers have different rules regarding passing score and re-takes. See next post below....
Last edited:
- Thread starter
- #15
Update on CIP: Registered on new website for RBI. (RB Insurance Group LLC - Home) Took re-certification course and exam, although it appears to be 2007, and not 2008. Still no info on 2008 rates. I take it that the 2008 certification will be available later.... (10/15 ???) It was a good practice, though. 
What I want to point out is, they say over and over throughout the training course that you must pass with 70% or else have to take the tests over until you score 70% or better. No penalty for failure, just take it over. (However, the scores are being reported) There must be quite a bit of latitude from CMS on this point, because some carriers require a proctored exam upon failure of online test, others make you wait 30 days to re-take, etc.
What I want to point out is, they say over and over throughout the training course that you must pass with 70% or else have to take the tests over until you score 70% or better. No penalty for failure, just take it over. (However, the scores are being reported) There must be quite a bit of latitude from CMS on this point, because some carriers require a proctored exam upon failure of online test, others make you wait 30 days to re-take, etc.
- Thread starter
- #16
Received Today's Options 2008 commission table today... (I don't know why I am always at the end of the line!!!) Anyway, GA level is not changed from 2007 for MA only ($330), but added to mine was $355 for MA-PD. I take it this confirms what others have reported.
- Thread starter
- #17
Update: I owe an apology to IFS_Edge concerning the $60 bonus from Secure Horizons for e-enrollment. I went to the FMO presentation today, and they said it was as IFS reported. Your paper application is enhanced by a predetermined amount the FMO may determine should you use the e-enrollment choice.
As I reported in my original post, the presentation I first heard of this was at a captive presentation. Under the captive solicitation, they provide you with a laptop AND give you a $60 bonus. This apparently does NOT apply to the FMO channel.
The issue reduces to how much the Independent Captive Agent (ICA) gets, and should not be compared to your FMO commission rate or else you will be comparing apples to oranges.
In other news: The AARP/Secure Horizons FMO presentation was very good, considering it is their first pitch. They need to smooth out a few rough spots, but on the whole, found it very impressive. The info they presented in PPP condensed about 3 weeks of intense study on my part. I had already developed "cheat sheets" that emphasized selling points, only to see theirs was similar to mine, (and done better). Oh, well. It was a good review! And I got to take home a nice binder with it all neatly organized!!
I like the fact that they offer both Med Sups as well as MAs, not to mention a product for the 50-65 market. This is what I am doing already, but I like the seamless opportunity AND the AARP branding!! The KC area SOB looks competitive with Coventry's, and leaves Humana in the dust. I will make my decision before the end of today.
You guys probably can figure out from this post what I left out that will be the determining factor in my decision. I am not giving you everything!!
As I reported in my original post, the presentation I first heard of this was at a captive presentation. Under the captive solicitation, they provide you with a laptop AND give you a $60 bonus. This apparently does NOT apply to the FMO channel.
The issue reduces to how much the Independent Captive Agent (ICA) gets, and should not be compared to your FMO commission rate or else you will be comparing apples to oranges.
In other news: The AARP/Secure Horizons FMO presentation was very good, considering it is their first pitch. They need to smooth out a few rough spots, but on the whole, found it very impressive. The info they presented in PPP condensed about 3 weeks of intense study on my part. I had already developed "cheat sheets" that emphasized selling points, only to see theirs was similar to mine, (and done better). Oh, well. It was a good review! And I got to take home a nice binder with it all neatly organized!!
I like the fact that they offer both Med Sups as well as MAs, not to mention a product for the 50-65 market. This is what I am doing already, but I like the seamless opportunity AND the AARP branding!! The KC area SOB looks competitive with Coventry's, and leaves Humana in the dust. I will make my decision before the end of today.
You guys probably can figure out from this post what I left out that will be the determining factor in my decision. I am not giving you everything!!
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