Broker/Service Provider Compensation Changes

bukev1

Expert
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[FONT='Verdana','sans-serif']Broker/Service Provider Compensation Changes for Fully Insured Groups with 100+ Employer Market[/FONT]
[FONT='Verdana','sans-serif']UnitedHealthcare has put in place administrative services to facilitate the collection and disbursement of fees the customer will pay the broker/service provider for services rendered.

In Florida, we are moving to a non-commissionable basis for groups with 100+ employer market, for fully insured medical business (self-funded and stop loss are not affected by this change).

This change will be implemented for groups with 100+ employer market for new and renewing business effective on or after Jan, 1, 2012. These changes are being made as part of broader effort to reduce expenses and expand transparency. :nah:[/FONT]
 
[FONT='Verdana','sans-serif']Broker/Service Provider Compensation Changes for Fully Insured Groups with 100+ Employer Market[/font]
[FONT='Verdana','sans-serif']UnitedHealthcare has put in place administrative services to facilitate the collection and disbursement of fees the customer will pay the broker/service provider for services rendered.

In Florida, we are moving to a non-commissionable basis for groups with 100+ employer market, for fully insured medical business (self-funded and stop loss are not affected by this change).

This change will be implemented for groups with 100+ employer market for new and renewing business effective on or after Jan, 1, 2012. These changes are being made as part of broader effort to reduce expenses and expand transparency. :nah:[/font]

We got the same news here in AZ.
 
I think everyone knew this was coming down the pipeline.

There might be an serious advantage for the small agency to working for less. A large agency is going to work at the 4.5%-5% comp.

At this point I might consider working for 2.5% on a $400,000 case. That is working cheap but 1/2 of something is a lot better than 100% of nothing.
 
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