Phoenix Health Plans Cut Commissions from 6% to 0

[sam816]

"Going into OEP, Phoenix Health Plans set enrollment targets, including a goal for a substantial proportion of the enrollments to come through the broker channel. As of November 19th, 2015 that goal has been met. In order to continue to provide high quality health coverage at an affordable price and to sustain our market position, we must make changes to our sales strategy and commission model.

After much consideration, Phoenix Health Plans, Inc. has made a difficult decision to discontinue Phoenix Choice broker commissions for new Marketplace enrollments as of November 19th, 2015. We will pay commission and renewals in accordance with the agent agreement for all Phoenix Choice applications received on or before November 19th, 2015. This decision does not impact commission payment for any of our plans in other states."

Reminds me of what SCAN did before they left AZ market.

 

[houcoogster]

I thought the Phoenix rose from the ashes. Looks like this one is returning to the ashes.

 

[AllenChicago]

I thought the Phoenix rose from the ashes. Looks like this one is returning to the ashes.

This is the Phoenix's broke cousin.. the one who couldn't temper his lavish ways.

 

[houcoogster]

This is the Phoenix's broke cousin.. the one who couldn't temper his lavish ways.

Ahhh yes indeed...one in every family.

 

[sam816]

I thought the Phoenix rose from the ashes. Looks like this one is returning to the ashes.

... with their MAPDs.

 

[saintstigers]

"Going into OEP, Phoenix Health Plans set enrollment targets, including a goal for a substantial proportion of the enrollments to come through the broker channel. As of November 19th, 2015 that goal has been met. In order to continue to provide high quality health coverage at an affordable price and to sustain our market position, we must make changes to our sales strategy and commission model.

After much consideration, Phoenix Health Plans, Inc. has made a difficult decision to discontinue Phoenix Choice broker commissions for new Marketplace enrollments as of November 19th, 2015. We will pay commission and renewals in accordance with the agent agreement for all Phoenix Choice applications received on or before November 19th, 2015. This decision does not impact commission payment for any of our plans in other states."

Reminds me of what SCAN did before they left AZ market.

Looks like a trend

 

[Yagents]

If you're writing business with any smaller players or Co-Ops, don't expect to be paid on the full 12 months. Best to write carriers with deep pockets that can at least continue to pay out on their commitment to us.

Case in point...

Colorado health insurance cooperative cuts off payments to brokers - The Denver Post

 

[YouGotMyMoney]

HealthOP board president Chuck Holum expressed regret about the payment stoppage.

"I feel terrible about this too," he said. "The brokers helped us succeed."

Bet his pay stays the same.

Should look for a job as CEO of a co-op, easy job it looks like.

 

[somarco]

Should look for a job as CEO of a co-op, easy job it looks like.

Interview.

Where do you see yourself in 10 years?

In the witness protection program.

 

[houcoogster]

If you're writing business with any smaller players or Co-Ops, don't expect to be paid on the full 12 months. Best to write carriers with deep pockets that can at least continue to pay out on their commitment to us.

Case in point...

Colorado health insurance cooperative cuts off payments to brokers - The Denver Post

Damn......makes me wonder if writing for anybody is even worth the hassle at this point.