Walmart - Humana - Confusion

Sep 25, 2015

  1. angbakr
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    angbakr New Member

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    A few months ago a Humana agent contacted me about an opportunity to sit in a walmart. Initially I was all about it but as time went on and there were more and more certifications and classes and face to face stuff that had to get done, I was losing patience. In addition I work fulltime. So insurance selling is less than part time. Anyway, a few weeks ago, I told the FMO that I was not going to move forward with the Walmart deal, I just don't have the time. He was as nice as can be but told me that there is a 500 dollar charge that is split between them and direct health or something - and I was going to get a bill for 250.00 of it. And that his manager would be calling me to tell me the same, I told them to send me a copy of the contract I signed that says there is a charge, he told me it was a verbal contract. I doubt that would even hold water but it really makes me mad that either company would have the nerve to bill for something I had no idea existed. I am cutting all ties with Humana as I feel like they never gave me a complete scope of this deal. Any thoughts?:mad:
     
    angbakr, Sep 25, 2015
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  2. pcbinsurance
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    pcbinsurance Guru

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    I thought it was pretty well known that they charge for you to sit at a wal mart. You probably "mis-remembered" but I doubt they can charge you if you didn't sign anything.

    If selling insurance is "less than a part time job", why did you waste the Humana reps' time in the first place?

    Oh, by the way, who is the FMO? I have a pretty good idea.
     
  3. angbakr
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    angbakr New Member

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    No one wasted his time. I took on more duties and there was no way I could meet the 20 hours that I once could. And as far as pretty well known - I'm not an idiot but I dont see it mentioned anywhere - that cost was never spoken about and since I am in a state that hasn't had humana in it - It was highly unlikely I would have "known".
     
    angbakr, Sep 25, 2015
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  4. FRJ
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    FRJ Super Genius

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    Sounds like your FMO is to blame - everything I've ever seen about the Humana/Walmart retail program makes it pretty darn clear about the fee structure.
     
    FRJ, Sep 25, 2015
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  5. angbakr
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    angbakr New Member

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    Note to self - Ask more questions. Since I am independent I definitely was not prepared for all the rules and regulations that comes with it. I am not sure it would have been a good deal anyway. Humana can only sell into a very small area of my state (and that just started), so the products were limited. So maybe I am an idiot.


    Thanks for your responses.
     
    angbakr, Sep 25, 2015
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  6. pcbinsurance
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    pcbinsurance Guru

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    You're not an idiot...you just failed to do your due diligence. Hey, we've all done that before.

    What State are you in?
     
  7. angbakr
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    angbakr New Member

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    I am in Maryland. I should have come here first to read on anyone's experiences with it - I would have ran day 1
     
    angbakr, Sep 25, 2015
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  8. MedicareAgent
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    MedicareAgent Guru

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    I have many agents that are sitting at walmart and when the store is reserved for you, you were to pay the $500. If you never paid it then you are not obligated to pay anything. There is a written contract and again, the money was collected when the store was selected by the agent.
     
  9. DS4
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    DS4 Guru

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    I told my MGA I would pay $500 not to have to sit in a Walmart.
     
    DS4, Sep 26, 2015
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