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AHCP Newsletter: The Leading Edge
World -- Health Care Reform Commission Calculations
World's new PPACA-compliant major medical products are now available in all states.
As World communicated in previous articles, some benefits mandated by the PPACA do not qualify for commissions. Note: The current compensation schedules reflect these changes.
There are three pieces of premium that comprise the mandated benefits and do not qualify for commissions:
HCR PPACA Requirements - This is the premium for providing Guaranteed-Issue coverage as required to dependents under age 19, and removing any internal limits on essential benefits.
Lifetime Max - base - This is the required premium for providing an unlimited lifetime maximum benefit ($4 per covered person per month).
HCR Preventive Services - This rider adds the first dollar benefits for all required preventive services under PPACA and varies by age, gender and state.
Reviewing Your Commission
Your commission statement will show the total commissionable premium for issued business.
Itemized premium amounts do appear on the quoting and application software but not in ezHealthQuoter. World is working to incorporate this level of detail in ezHealthQuoter. At this time, they do not have a target date. In the meantime, you may contact Sales Support at 800.733.5454.
World -- Health Care Reform Commission Calculations
World's new PPACA-compliant major medical products are now available in all states.
As World communicated in previous articles, some benefits mandated by the PPACA do not qualify for commissions. Note: The current compensation schedules reflect these changes.
There are three pieces of premium that comprise the mandated benefits and do not qualify for commissions:
HCR PPACA Requirements - This is the premium for providing Guaranteed-Issue coverage as required to dependents under age 19, and removing any internal limits on essential benefits.
Lifetime Max - base - This is the required premium for providing an unlimited lifetime maximum benefit ($4 per covered person per month).
HCR Preventive Services - This rider adds the first dollar benefits for all required preventive services under PPACA and varies by age, gender and state.
Reviewing Your Commission
Your commission statement will show the total commissionable premium for issued business.
Itemized premium amounts do appear on the quoting and application software but not in ezHealthQuoter. World is working to incorporate this level of detail in ezHealthQuoter. At this time, they do not have a target date. In the meantime, you may contact Sales Support at 800.733.5454.