Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
Great job working that issue Ritter. You played a part in getting people what they earned and cost the insurance companies a huge amount of money for which I hope you see no retaliation over.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
This is a great start and thanks to many that fought this. However, I won't celebrate until I actually see the money and I expect the companies to try and find another way to keep our money. We lost round one, round two seems that we got even. Round three is next.
The companies are behind this and we all know they don't quit when it comes keeping every dime they can.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
Ritterim.com is a great resource for agents. I logged in every day during this commission debacle. I also wrote my congresswoman and state representative to let them know what was happening. There are a lot of agents that use this site as well. I have noticed a lot of agents, however, don't understand how important it is to get involved. We are in a time of change, and not necessarily for the better. Our industry makes up 17% of the US economy. If you factor in spouses, friends, and family, we have well over a 1/4 of the population on our side. That can be a very large voice if used. Write emails and letters to your local politicians. Make phone calls. This is just one example of agents banning together to take a stand. Take action now, before it is to late. Tell your politicians flat out that they will not get re-elected if they vote for a public plan that takes away our jobs and hurts our clients. Let them know you are watching.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
I agree the insurance providers are not going to like this at all. This is the same list they were told to pay to start with and bulked on and it was changed now it has been changed back. This will be very interesting.
This is a great start and thanks to many that fought this. However, I won't celebrate until I actually see the money and I expect the companies to try and find another way to keep our money. We lost round one, round two seems that we got even. Round three is next.
The companies are behind this and we all know they don't quit when it comes keeping every dime they can.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
Originally Posted by b-insure
Our industry makes up 17% of the US economy. If you factor in spouses, friends, and family, we have well over a 1/4 of the population on our side. That can be a very large voice if used. Write emails and letters to your local politicians. Make phone calls. This is just one example of agents banning together to take a stand. Take action now, before it is to late. Tell your politicians flat out that they will not get re-elected if they vote for a public plan that takes away our jobs and hurts our clients. Let them know you are watching.
You fail to understand that health care finance reform is an idea who's time has come, and it is very hard to defeat that.
Why not try to turn back the clock to a time when we had segregation, poll taxes, literacy tests, coat-hanger abortions, the military draft, male-only voting, banned labor unions, and on and on.
You would be better advised to back some reform where you still have a shot at making an income. Perhaps a plan where the carriers are dumped but agents contract with the government to sell GI plans or supps for a 4% commission.
On the other hand you could be smart and simply learn to sell life, LTC, DI, and annuity... or get a 6 and 63 and be a registered rep or RIA.
Health insurance sales is going the way of the buggy whip. Get over it and move on... or move out. This train is coming to the end of the line... and the schedule has been canceled.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
You fail to understand that health care finance reform is an idea who's time has come, and it is very hard to defeat that.
Why not try to turn back the clock to a time when we had segregation, poll taxes, literacy tests, coat-hanger abortions, the military draft, male-only voting, banned labor unions, and on and on. You would be better advised to back some reform where you still have a shot at making an income. Perhaps a plan where the carriers are dumped but agents contract with the government to sell GI plans or supps for a 4% commission. On the other hand you could be smart and simply learn to sell life, LTC, DI, and annuity... or get a 6 and 63 and be a registered rep or RIA. Health insurance sales is going the way of the buggy whip. Get over it and move on... or move out. This train is coming to the end of the line... and the schedule has been canceled.Today 01:28 AM
I disagree AL3. I'm not trying to "turn back the clock". Health care reform is a must, but to make a change, just to make one, does not make it a good idea. A plan will not pass cutting out private insurers. Health insurance agents are not going to be a thing of the past soon as you believe. Also, a public plan option will not eliminate private insurance and independent agents altogether. You need to do some research on what Congress is working on currently. Every plan with support includes space for private insurers.
Thanks for the business advice, but I already sell many other products and make a good living doing it. I am just unwilling to let our country make an ill advised move without some sort of say, however small that say may be.
Re: CMS Will Allow Initial Commissions for PDP ReplacementGo to Top
I agree with JDEasy. Show me the Money!!
I fired off an email to one of the companies and stated that they better not count on hitting their numbers this coming year if they skunk the agents on commissions. News is getting around and we're all loading up with med supp contracts. We will be their competition.
CMS Will Allow Initial Commissions for PDP Replacement
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