- 500
If you sell Anthem in California, you will NOT be getting paid for any newly enrolled Cal-COBRA or COBRA members after 2/1/10. I guess that means I don't have to do the work either when clients have questions.
No More Commission on COBRA/Cal-COBRA W/Anthem
- Thread starter insurehound
- Start date
G
Guest
Guest
Where is this documented? Was it sent hard-copy to CA agents? Or is it on the Anthem agent website? If so... where?
Al3
Al3
- 3,384
Found it on a GA web site.
https://ga.beerepurves.com/news/carriernews/anthem/CommissionSchedule_Agent_FINAL.pdf
Obviously some of us have not received the mailing yet and the e blast won't be delivered until Monday. Thanks for the heads up, Hound!
https://ga.beerepurves.com/news/carriernews/anthem/CommissionSchedule_Agent_FINAL.pdf
Obviously some of us have not received the mailing yet and the e blast won't be delivered until Monday. Thanks for the heads up, Hound!
Last edited:
G
Guest
Guest
I just got THE letter (hard copy) stating that:
Is this in line with the comp practices of other health carriers?
Al
Is this in line with the comp practices of other health carriers?
Al
- Thread starter
- #5
- 500
not that I am aware...but I guess others' will follow.
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
Here is the response from my Anthem rep:
The Cobra loss ratios are running about double the normal book. This means that for every dollar a carrier takes in for a Cobra member, we pay out more than that in claims. With the ARRA giving more folks help to purchase Cobra, more have, and it is hitting the book with very high claims. This makes us have to cost shift in our own book not to raise the rates on our other members, the active EE's and their deps that are enrolled and for which you are paid commission. If we continued to pay commission on the Cobra folks, we might have to raise the rates on everyone. Sound like healthcare reform???
This is just one more example of why you have to do one more thing just to be the “really good guy” that you already are – cuz it’s the right thing to do.
From my view:
1.) Rate increases will happen regardless
2.) This is cost shifting alright - Anthem still takes in money but shifts the costs to the agent
3.) I love it when a salaried rep lectures me, an independent business owner, about my business
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
Here is the response from my Anthem rep:
The Cobra loss ratios are running about double the normal book. This means that for every dollar a carrier takes in for a Cobra member, we pay out more than that in claims. With the ARRA giving more folks help to purchase Cobra, more have, and it is hitting the book with very high claims. This makes us have to cost shift in our own book not to raise the rates on our other members, the active EE's and their deps that are enrolled and for which you are paid commission. If we continued to pay commission on the Cobra folks, we might have to raise the rates on everyone. Sound like healthcare reform???
This is just one more example of why you have to do one more thing just to be the “really good guy” that you already are – cuz it’s the right thing to do.
From my view:
1.) Rate increases will happen regardless
2.) This is cost shifting alright - Anthem still takes in money but shifts the costs to the agent
3.) I love it when a salaried rep lectures me, an independent business owner, about my business
Last edited:
- 3,384
What I find disturbing is that these current Anthem RSM responses to continued attempts to cut off our commission are all exactly the same, word for word, from RSM to RSM.
I have no doubt they are given the standard rebuttal script straight from Indianapolis.
Might have to raise rates? Please! Anthem only does on thing, and that is to raise rates. I believe they are raising them again in about, oh, 34 days or so.
I have no doubt they are given the standard rebuttal script straight from Indianapolis.
Might have to raise rates? Please! Anthem only does on thing, and that is to raise rates. I believe they are raising them again in about, oh, 34 days or so.
- 4,096
This might be a bit off topic but its my feeling that Anthem is stock piling premiums right now.
My groups rate increase have all been double digit and I was only able to reduce a couple of them to single digit.
The avg has been 18% on good groups. Last year the avg was around 14%.
They could be stock piling premium because of the health care reform or higher rate increases to make up for lost membership.
My groups rate increase have all been double digit and I was only able to reduce a couple of them to single digit.
The avg has been 18% on good groups. Last year the avg was around 14%.
They could be stock piling premium because of the health care reform or higher rate increases to make up for lost membership.
- 3,384
Retracted, in part, this morning by Anthem.
Commissions will continue for federal COBRA beneficiaries, but not for Cal-COBRA beneficiaries. I can kind of see this since the carrier is funding the 65% subsidy on these plans.
Second commission dump and retraction before the effective date in the last 3 months by Anthem. Wonder if they are "testing the waters"?
Commissions will continue for federal COBRA beneficiaries, but not for Cal-COBRA beneficiaries. I can kind of see this since the carrier is funding the 65% subsidy on these plans.
Second commission dump and retraction before the effective date in the last 3 months by Anthem. Wonder if they are "testing the waters"?
Last edited:
Similar threads
