Med Supp Agents in for Major Screwing in 2011

[Russ]

Yeah that is a very crazy dollar amount to for the membership. Wonder when they changed to free to pay? Oh well, thanks for trying.

You're welcome.

 

[Medicareguy]

Like was already said. "IF" commissions drop it will be on all sales after the "amendment" to your commission schedules from the company. A contract is a contract... what you are currently getting paid on is in the current contract as it stands when you have business issued... that agreement can't be changed today to change something you did last month.

The moo's of the world can screw you over just as they screw their customers. 2014 will be the real test.

 

[Montana2]

60% and you use to able to net the premium. In other words, you could take your 60% commission out of an annual payment for a med-supp and send the company the balance.

Talk about pay now.

Indeed. It is a bad business model now!

 

[jamesflou]

Best Week has some pretty high rates. With a 50% commission maybe we could sell it instead of med supps.

 

[sman]

I think you all should stop selling med supps immediately.

 

[Daytona_Guy]

Russ, you post these links all the time, expecting we will be able to see them, but those of us that aren't members can't see any thing but a screen to apply for BestWire membership. Do they pay you a commission for this?

Here's the story he was attempting to link to: (No membership required here
Insurance News - Congress Makes Final Changes to Health Care; Insurers Exploring Ramifications



.

 

[MedSuppPro]

... 2014 will be the real test.

What do you mean by "2014"?

 

[Josh]

Here's the story he was attempting to link to: (No membership required here
Insurance News - Congress Makes Final Changes to Health Care; Insurers Exploring Ramifications



.

I may be missing something, but I believe everything is focused on the individual major medical, small group, and large group. Medicare supplements are more along the lines of an aflac (supplement) product then a major med plan and if that's true it wouldn't be affected. Can anyone point me to an article that says one way or the other on this specifically saying Med supps either are or are not going to have to comply with this? Again, it's a supplement, not the actual health insurance.

 

[TXINSURANCE]

I was thinking the word "supplement" pretty much gave it away.

I agree unless I can read something specific I would procede as mlr not applying to Medicare supplements.

Calling it an individual medical policy is a stretch. It is supplementing a medical plan.

 

[Frank Stastny]

I was thinking the word "supplement" pretty much gave it away.

I agree unless I can read something specific I would procede as mlr not applying to Medicare supplements.

Calling it an individual medical policy is a stretch. It is supplementing a medical plan.

Exactly! I have no plans to do anything but continue selling Med Supps. I have never subscribed to "the sky is falling".