Recap of Commission Changes

[Crabcake Johnny]

Ok, so what are ya gonna say when someone brings up a carrier with under 10% comp...ie...aetna?

"www.aetna.com - go have fun."

 

[YouGotMyMoney]

Aetna not available in your area starting jan1 2010

2010? Drinking this early in the morning can't be good for ur liver..
- - - - - - - - - - - - - - - - - -

"www.aetna.com - go have fun."

Same with Carefirst?

 

[Crabcake Johnny]

I haven't written Carefirst in around 2 years due to commission issues.

 

[bcbroker]

Just to add a bit here...Don't forget the SQI (State Quotient Index) which takes into account premiums for specific states. For example...

GR/UHC: 10% FYC on base premium only
4% Renewal years 2-4 on Base premium
2% Renewal years 5+ on base premium
Bonus plan available on written apps

Becomes this in Ohio:

GR/UHC: 3.5% FYC on base premium only
1% Renewal years 2-4 on Base premium
1% Renewal years 5+ on base premium
Bonus plan available on written apps with more than six family members

MMO is 11% plus annualized bonus of 9% if you have 250 certs of individual on the books.

 

[bill3173]

I'm not writing anything under 10%. When I feel like being chartable I'll volunteer at my local soup kitchen. MHIP at $100/app is different. There's almost no work on my end, I don't fill out the app and there's no UW.

You fill out health apps for clients?

 

[Crabcake Johnny]

Yes, for all of my clients or they're likely to omit important health history info.

 

[SamIam]

Who is MMO?

 

[Crabcake Johnny]

Mutual Medical of Ohio.

 

[CHUMPS FROM OXFORD]

Medical Mutual. And geez...I haven't filled out a health app in three years. But hey...whatever works best in a specific situation.

 

[Crabcake Johnny]

I do the broker assisted online apps. They get an email, log in, review the app and e-sign.