This just in!
Modification to New Compensation Structure for 2011
Aetna Advantage Plans for Individuals, Families and the Self-Employed
We have received a great deal of feedback on recent changes to our broker commission structure. Based on your feedback, and after a review of the competitive marketplace, we have decided to change our commission structure for existing business.
As you know, we recently announced changes to the broker compensation structure for Aetna Advantage Plans for Individuals, Families and the Self-Employed for 2011. These changes are part of our efforts to meet the 80 percent Minimum Loss Ratio requirement for the Individual health insurance market outlined in the Patient Protection and Affordable Care Act (PPACA).
Modification to New Compensation Structure
We have decided to modify our recently announced compensation structure for existing business. As a result:
Policies with effective dates prior to September 1, 2010: Will not be moving to the new compensation structure. This is a change from our previous announcement which indicated that this business would transfer to the new structure at the end of their rate guarantee period.
Policies with effective dates between September 1, 2010 and December 15, 2010: Consistent with our communication of July 30, 2010, these newer policies will move to the new 2011 commission schedule beginning with the February commission payment for premiums received in January 2011.
Please note that all other previously communicated changes remain in effect for new business effective on or after January 1, 2011.
For more information, view the updated commission flyer located on Producer World.
Looking Forward
We appreciate your feedback and partnership as we take the steps necessary to meet the requirements of PPACA. If you have any questions regarding the above modifications please feel free to contact our National Broker Services Unit at 1-888-54-AETNA or your Aetna Sales Representative.
Modification to New Compensation Structure for 2011
Aetna Advantage Plans for Individuals, Families and the Self-Employed
We have received a great deal of feedback on recent changes to our broker commission structure. Based on your feedback, and after a review of the competitive marketplace, we have decided to change our commission structure for existing business.
As you know, we recently announced changes to the broker compensation structure for Aetna Advantage Plans for Individuals, Families and the Self-Employed for 2011. These changes are part of our efforts to meet the 80 percent Minimum Loss Ratio requirement for the Individual health insurance market outlined in the Patient Protection and Affordable Care Act (PPACA).
Modification to New Compensation Structure
We have decided to modify our recently announced compensation structure for existing business. As a result:
Policies with effective dates prior to September 1, 2010: Will not be moving to the new compensation structure. This is a change from our previous announcement which indicated that this business would transfer to the new structure at the end of their rate guarantee period.
Policies with effective dates between September 1, 2010 and December 15, 2010: Consistent with our communication of July 30, 2010, these newer policies will move to the new 2011 commission schedule beginning with the February commission payment for premiums received in January 2011.
Please note that all other previously communicated changes remain in effect for new business effective on or after January 1, 2011.
For more information, view the updated commission flyer located on Producer World.
Looking Forward
We appreciate your feedback and partnership as we take the steps necessary to meet the requirements of PPACA. If you have any questions regarding the above modifications please feel free to contact our National Broker Services Unit at 1-888-54-AETNA or your Aetna Sales Representative.
