More Information on MA "True-up" Commissions?

[Mega producer]

Folks, quit selling this stuff.

 

[Lee Sanford]

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Initial Sales Commission – Inclusion of PDP Conversion ​

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Humana will take all the way to September to pay up!

Thanks for sharing that, MrMack!

 

[rbrewer]

It is amazing CMS makes the rules and then cannot follow them. I think they should be fined or have to pay interest.

BIG JACKS!

 

[mississippiagent]

FINED big time and Interest for sure. They would throw us in jail for pulling this (STUFF)...
and what will the new season bring ...

 

[vaxmanid]

Can't you all see what this leads to? After one more round of this reindeer game by CMS/Congress 2011 will see the extinction of agent involvement with Advantage. As I see it, CMS wants seniors to experience no direct contact with a licensed agent. A smart company now can save oodles of $$$ by buying ads in radio, tele and mail and have customer service enroll them in the comfort of their own home. This will lead to ultimately just having CMS do the enrollment upon request. Viola....no need to have commissioned agents and huge reductions in marketing costs....hence no more "fraud and abuse."

When 2010 plans are rolled out, get ready for increased copays, no glasses, no health club memberships, no perks at all because CMS won't tolerate it anymore. That leaves the agent leg of the stool to be eliminated in 2011.

 

[Insuranceman]

Coventry is already charging me back a percentage of commisions that I haven't received yet. How screwed up is that ?

 

[Crabcake Johnny]

Good Lord people, the next post I'm going to read is "my MA carrier just put a lien on my house." Why is ANYONE putting up with this!

 

[MrMack]

UHC says our Jan report is supposed to show up on Wednesday and Feb-June is supposed to show up on Thursday. No idea when money will be transferred, usually 1-2 days after.

 

[Call4Insurance]

Well, what would you suggest we do? I have spoken to an attorney regarding my commissions and I was told there was nothing I could do except wait for CMS to send the correct paperwork to the companies I sold.
If you have any ideas we would love to hear them.

 

[kennethbroyles]

UHC says our Jan report is supposed to show up on Wednesday and Feb-June is supposed to show up on Thursday. No idea when money will be transferred, usually 1-2 days after.

Just updated email at 7:300 PM EST

• Tuesday, August 4 - MA & PDP new sale commissions and January 2009 effective PDP-MA/MAPD initial-year commissions; AARP® Medicare Supplement standard commission processing will be delayed one week
• Thursday, August 6 - MA & PDP new sale commissions, February through June 2009 effective IEP, ICEP and PDP-MA/MAPD initial-year commissions
• Tuesday, August 11 - standard processing of new sale commissions (all products) and AARP® Medicare Supplement monthly processing

We will process each run and post payments using our normal process of Electronic Funds Transfer and paper check processing. Agents will be able to view their commissions via www.unitedhealthadvisors.com beginning the next day of each scheduled commissions run, according to the schedule above.