Mandated ACA Commissions for 2017 ?

[Yagents]

If you're strictly selling on price to a healthy person, sure it can be as little as 10 minutes.

But my clients know what they are buying, and it eliminates the constant questions after OEP, or misunderstandings, or unhappy customers. My phone has now stopped ringing, as my clients know how to use their policy.

When you're spending more than a car or mortgage payment on health insurance, most prudent people will take the time to know what's under the hood.

You either have a client for life, or you have a number. I prefer to know my clients and many have been with me for 5-10 yrs. Hence the reason I am 100% referral only.

Some churn and burn, but I don't have the conscience for it.

 

[taterpeeler]

Ratt----N------Roll Baby

 

[kvnchris]

I gotta hand it to this Kvnchris guy: if he is truly making what he is making selling CI and accident - hes a superstar. I tend to believe him without knowing him - however - during Open enrollment have literally NO time to sell an add on CI and accident. When you are literally booking enrollment appointments every hour on the hour, you realize even a one hour appointment is barely enough time to enroll someone, or even reenroll them.

And to go back to these subsidized people post enrollment and sell them a CI or Accident? - forget about it.

By no means do I mean to call someone "old" or "outdated" just to be careful. I know I sound kind of like a punk/big ego in my previous post but that's not my intent. I'll try to post proof of my CI commissions this weekend when I am home. I can also try to pull some old call recordings and edit out the sensitive details and post here if anyone cares. I'm sure you don't really want to hear some dude sell insurance for the 10,000th time :P

One thing to note about my sales process at the previous brokerage; after pitching the policies and sending a pre-filled eSign app (which I could fill in with their names and socials in 1-2 minutes, the apps were coded well), I had nothing left to do but forward the signed applications over to processing team. They would go thru and double check for errors, submit the application to the broker portal or marketplace, and send approval emails to the clients. They would also help with some customer service if it had to deal with calling the carrier or marketplace, but anything else related to the policy or coverages would be on me. We just had a really smooth platform to close and submit policies.

Getting those eSign applications properly coded was my biggest contribution for the company, because it was a HUGE problem for the tech-illiterate agents. I'm not kidding you when I say some of them didn't know how to press TAB and copy/paste from the CRM. Typical close on the floor: get a hot lead transfer to picking a plan took 15 minutes, but gathering client info to eSigning the application took 1 hour plus. Those CI or Term ROP applications were super long and agents really struggled getting thru them quickly on the phone. I don't blame them though it's not easy to do without shortcut knowledge and just general computer experience. I'm starting to go into detail ya'll probably don't care about. But we had a very fast sales process probably different than most brokerages out there because of our custom CRM and applications.

TGIF!!

 

[Yagents]

speaking of mandating commissions. At what level?
California exchange board OKs agent comp standards | LifeHealthPro

 

[kgmom219]

speaking of mandating commissions. At what level?
California exchange board OKs agent comp standards | LifeHealthPro

Good question.

This upset me more:

"Jeff Smith, a vice president at Blue Shield of California, said SEP abuse is a big enough problem at his company to add roughly 3 to 5 percent to 2017 premiums."

 

[AllenChicago]

Good question.

This upset me more:

"Jeff Smith, a vice president at Blue Shield of California, said SEP abuse is a big enough problem at his company to add roughly 3 to 5 percent to 2017 premiums."

Here is one of the sources of SEP-related losses. Though, as Ted Cruz would say, they're just learning and playing by the rules!

From Healthcare.gov
"Members of federally recognized tribes and ANCSA shareholders can enroll in Marketplace coverage any time of year. There’s no limited enrollment period for these individuals, and they can change plans up to once a month."

More than 5.2 million Americans are in this category of citizens who can enroll 365 days a year. Peeps born in Alaska are in this category as well, I believe.

 

[somarco]

Peeps born in Alaska are in this category as well, I believe.

Probably have to be Inuit. I don't think you or I could be born there and use that excuse. My DOB was when Alaska was still a territory so maybe I could get away with it.

 

[scagnt83]

My DOB was when Alaska was still a territory so maybe I could get away with it.

Does that mean you would be "grandfathered" in? Or is that the "great-grandfather" clause??

 

[somarco]

Grandfathered smartazz .........................

 

[YouGotMyMoney]

Here is one of the sources of SEP-related losses. Though, as Ted Cruz would say, they're just learning and playing by the rules!

From Healthcare.gov
"Members of federally recognized tribes and ANCSA shareholders can enroll in Marketplace coverage any time of year. There’s no limited enrollment period for these individuals, and they can change plans up to once a month."

More than 5.2 million Americans are in this category of citizens who can enroll 365 days a year. Peeps born in Alaska are in this category as well, I believe.

If I were a liberal, I'd have to say that is one of the most racist things I've ever seen posted on this site. All the SEP's are con artist consumers, committing fraud to get health coverage. I've never seen any Native Americans try to get SEP coverage.