Prorated True-Up commission payments??
- Thread starter TLD24
- Start date
- 2,177
CMS made a change in this. Maybe 2-3 years ago? No more mid-year renewals. Full year true-up for the calendar year of the enrollment regardless of month enrolled, renewals start Jan. of next calendar year. Got a couple true-up MA in yesterday for start today. The holy grail of “windfalls.”
- Thread starter
- #15
jensing0406
Super Genius
- 216
If the client is brand new to medicare it pays full commission no matter what month, then starting in Jan you start received renewals on the plan. If its an unlike plan change IE PDP to MAPD or MAPD to PDP. It pays initial year compensations of 455 this year that are prorated based on the effective month. Like to like plan changes pay the full renewal commission that are prorated based on the effective month
isaias
Super Genius
- 102
It's up to the carrier if they pay full commission or prorated on first year.
In my area, UHC pays full commission for DualComplete regardless of when they sign up. Everything else if prorated, so I only see full commission if it's a 1/1 effective.
In my area, UHC pays full commission for DualComplete regardless of when they sign up. Everything else if prorated, so I only see full commission if it's a 1/1 effective.
jensing0406
Super Genius
- 216
That's a cms rule
Back into the MA business off season a lil more. That and where I am at much more competetive MA plan then years past.
This is my first year so I am new to all of this. I was just told tonight, that mid-year new to Medicare Advantage sign-ups are prorated. I think I did one t65 MA last year, but I'd have to do some digging to find what the true up was. Can anyone post a link to the CMS rules that spells this out. I'm having trouble finding it. Thanks
