- 8,448
OOPS..I made a mistake, jbage007. His bonus was $31,050 and it was from HUMANA, not AETNA. Humana ran some type of award contest in 2009 that paid a $250 bonus per issued policy, payable in March 2010.
-A.C.
A Little Good News...
- Thread starter mmike160
- Start date
OOPS..I made a mistake, jbage007. His bonus was $31,050 and it was from HUMANA, not AETNA. Humana ran some type of award contest in 2009 that paid a $250 bonus per issued policy, payable in March 2010.
-A.C.
- Thread starter
- #12
This is true.
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- 14,809
Coventry One in MD just came out with a bonus. First one since they set up shop here.
Question; could carriers use bonuses as a way to get around the MLRs?
Question; could carriers use bonuses as a way to get around the MLRs?
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That would be great. Normal commish is 5% and it increases gradually to 20% if you have 50 inforce policies with them.
I know. Wishful thinking.
I know. Wishful thinking.
- 14,809
Would seem to be a way to at least lower a carrier's overall commission costs.
Say that ABC carrier pays out a flat 20% street. Maybe after the MLRs go into effect it's 5% street but, just like your example, pays up to 20% with 50 inforce policies.
Because of the 80/20 rule most of the comp paid would be at the 5% level. Interesting.
Say that ABC carrier pays out a flat 20% street. Maybe after the MLRs go into effect it's 5% street but, just like your example, pays up to 20% with 50 inforce policies.
Because of the 80/20 rule most of the comp paid would be at the 5% level. Interesting.
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