Aetna new commish

[Crabcake Johnny]

Likely. A couple years ago in CT they only offered 7% commish (not renewals, commish!) and really couldn't come up with a reason why - then they later changed it to the standard 15%. I believe a few states last year paid 20% 1st year but not others. I would assume you're right - the extra 2% is going towards paying MD claims.

 

[TXINSURANCE]

Some states were already at 20/7 last year.

The increase is on the states that were 15/7 are now up to 20/7.

That is an increase.

I don't think this will be replacing quarterly or other promos.

 

[Crabcake Johnny]

Bonuses are still on. Nice - over 20 apps per quarter(?) is $100 per app.

Do that math and assume $3,500 average volume and 20 apps in a quarter:

$3,500 X 20% = $700 X 20 = $14,000
$14,000 + $2,000 bonus = $16,000
Average commish = 22%

 

[BKrocko]

Likely. A couple years ago in CT they only offered 7% commish (not renewals, commish!) and really couldn't come up with a reason why - then they later changed it to the standard 15%. I believe a few states last year paid 20% 1st year but not others. I would assume you're right - the extra 2% is going towards paying MD claims.

CO is only 5% renewal and they don't cover maternity here - it's not even available. We must be paying MD claims as well!

 

[TXINSURANCE]

CO - Aetna has the best single + child rates. I did an app with mom + 6 kids it beat everyone by about $200 per month.

Every company has little niches - I can tell you the only place Aetna has maternity is MD and KS because of state law. MD it depends how the company is registered, I believe GR is registered as an association which may skirt the mandate.

 

[Crabcake Johnny]

However Coventry isn't filed as an association in MD and doesn't offer maternity. Someone tell me how it works. I certainly can't find out. DOI is clueless - already called them. Time says they have to offer maternity in MD due to mandates even if they're filed as an association. GR tells me that because of their association filing they don't have to offer maternity.

 

[CHUMPS FROM OXFORD]

Actually, Aetna has maternity in Pa as well. Their Pa rates are only competitive in certain areas.

 

[BKrocko]

CO - Aetna has the best single + child rates. I did an app with mom + 6 kids it beat everyone by about $200 per month.

Every company has little niches - I can tell you the only place Aetna has maternity is MD and KS because of state law. MD it depends how the company is registered, I believe GR is registered as an association which may skirt the mandate.

Mom and 6 kids - YIKES!!!!!

Depending on her income level, she could have those 6 kids insured for free via CHIP - The income levels are very liberal. To bad we don't get paid a single penny for referring folks over to them.

 

[MHart]

Do the math in california they screw you.

Went from 20% new and 10% renewal to the new tier of 15 , 18 , 20 so we take a pay cut if we didn't write 11 apps in california in 2007. They are probably my fourth company I write so write very little of them.

 

[TXINSURANCE]

Mom and 6 kids - YIKES!!!!!

Yikes is if I told you her age...

Actually, Aetna has maternity in Pa as well. Their Pa rates are only competitive in certain areas.

On their HMO's only though?