Humana commission

[patch36]

As I understood, new to MA plans earn the agent first year commission. If they have an MA it is renewal commission. Age-ins are new to MA, thus first year commissions.

What they were worried about was the extreme amount of churning if it were first year commissions for all MA sales this year. The rule has been in place for several weeks now and is not being reinterpreted.

My information came from the carrier, not an upline. And it is not official until we see it in writing. I suspect the carriers are worried the rules will change and they do not want to commit to anything to hastily.

 

[yeager]

SO are you guys saying Southern Insurance, a brokerage house for Humana sent out this e-mail all on their own. So npbody will believe this until they hear it from their own FMO. Well, mine sent this out yesterday. And I can't believe that they were premature, I would certainly think they had the go ahead to release this from Humana.
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Just got off the phone with Southern Insurance. They tell me they have gotten lots of phone calls about the email they sent out. They say that is commission according to email they got from Humana. They also said, that it is $500 per app, regardless of if the person has a med supp or an existing MA.

If you don't believe me, call them yourself. And ask about email regarding commission.

 

[patch36]

Not sure what you are asking, but when I asked an executive with the company yesterday afternoon about compensation, he said that it was not yet released. The figures you cite are probably correct, just not yet officially released by Humana or approved for release. It seems that if one is given 'permission' to release, all would be. It could also be that your 'Brokerage House for Humana' has special authority and status. I don't know, I am just repeating what I was told by a Humana Executive, that nothing is official at that time.

 

[jdeasy]

SO are you guys saying Southern Insurance, a brokerage house for Humana sent out this e-mail all on their own. So npbody will believe this until they hear it from their own FMO. Well, mine sent this out yesterday. And I can't believe that they were premature, I would certainly think they had the go ahead to release this from Humana.
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Just got off the phone with Southern Insurance. They tell me they have gotten lots of phone calls about the email they sent out. They say that is commission according to email they got from Humana. They also said, that it is $500 per app, regardless of if the person has a med supp or an existing MA.

If you don't believe me, call them yourself. And ask about email regarding commission.

I had a Pyramid regional manager tell me on Sept. 30 that he had the '09 commission schedule sitting on his desk. He said I would be pleased with it, but, he could not release the information yet.

I would say that your folks have had the same info all along as well. It seems somebody let the cat out of the bag before they were given the go ahead.

I don't doubt the validity of the information. It's good to know what we are looking at for this season.

 

[yeager]

It doesn't matter to me what Humana is, as I will not sell any of those plans and have never sold a Gold Choice Plan. I just hope other companies fall in line close to that commission.
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I had a confernece call with Pyramid yesterday and they said they think it will be an exciting season. They also said they would release it to us late last night or today, neither has happened. This is on the career side though.

 

[HealthResourceAdvisor]

anybody hear anything from Aetna?

 

[yeager]

Just called a broker down in FL. He said he could give me TO for 410 for 5 years. Not going through him, but it looks like most are going to be in the 400-500 range.

They are also saying that, it does not matter about what you replace that is the commission you will get. Just like Humana told me.

 

[allhealthandlife]

You could learn something else tomorrow. Sounds like a flaky interpretation of rules by a carrier or FMO trying to circumvent them. The marketing medicare products is releated to medicare products and does not change if it turns out that the person is not qualified by reason of age, not yet enrolled in original medicare etc.

I could be wrong but I just would be careful about thinking that you have "learned" something in this environment. It is almost all rumor mill and people stumbling to interpret or circument some ruling that was learned an hour ago from some marketer that is already to go this season not matter what the rules may turn out to be.

It came from a SecurezHorizons captive agent training.The technicality here is Medicare beneficiaries but hey they could be wrong.I did ask three times to make sure i heard it right.

 

[MedSuppRecruiter]

Yeager if you are on the Career side with UAFC why are you calling FL for a Today's Option Commission schedule when you are captive you should already know captive agents get less commissions..HMM Yeager is that your last name? They have a Mark Yeager witch is the Chief actuary for UAFC, are you guys related?

 

[yeager]

No I am not related. And we do not have commission yet. I can't call and be nosey? Career side commission is higher at least under my contract. And no not last name and not related.