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Reply to I've Always Been Curious what a FE Imo Nets     
Old 08-05-2017, 08:47 AM   #11
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I've Always Been Curious what a FE Imo Nets FMO question?
Good morning, I am curious to know what an FMO override is on Medicare Advantage plans.

I think they get a straight commission on all apps written under their FMO.

I am in Nevada, I don't know if it varies from state to state.

Peasful47
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Old 08-05-2017, 10:30 AM   #12
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HoosierLife on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets Re: FMO question?
Originally Posted by peasful47 View Post
Good morning, I am curious to know what an FMO override is on Medicare Advantage plans.

I think they get a straight commission on all apps written under their FMO.

I am in Nevada, I don't know if it varies from state to state.

Peasful47
Depends on whether they are a GA, SGA or higher and I think different carriers pay different as well. I think a GA makes around a $25 override off each plan you sell.

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Old 08-05-2017, 01:16 PM   #13
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I've Always Been Curious what a FE Imo Nets Re: I've Always Been Curious what a FE Imo Nets
Someone in the Senior Insurance Forum could probably answer your question.
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Old 08-05-2017, 03:42 PM   #14
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GreenSky on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets Re: FMO question?
Originally Posted by peasful47 View Post
Good morning, I am curious to know what an FMO override is on Medicare Advantage plans.

I think they get a straight commission on all apps written under their FMO.

I am in Nevada, I don't know if it varies from state to state.

Peasful47
I beileve the top is about $150 per enrollment.

Shoot me your contact info. I moved to Henderson a year ago.

Rick
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Old 08-05-2017, 03:57 PM   #15
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Gooner on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets
Originally Posted by GreenSky View Post

I beileve the top is about $150 per enrollment.

Shoot me your contact info. I moved to Henderson a year ago.

Rick
I'll be in vegas next weekend...drinks?
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Old 08-05-2017, 05:57 PM   #16
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GreenSky on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets Re: I've Always Been Curious what a FE Imo Nets
Originally Posted by Gooner View Post
I'll be in vegas next weekend...drinks?
I'm leaving on Thursday and back Saturday. Other than those 2.5 days, absolutely.

I assume you're buying?

Rick
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Old 08-05-2017, 06:45 PM   #17
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Gooner on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets
Originally Posted by GreenSky View Post

I'm leaving on Thursday and back Saturday. Other than those 2.5 days, absolutely.

I assume you're buying?

Rick
I always buy...you're cheap. Let's shoot for Sunday.
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Old 08-06-2017, 01:55 PM   #18
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I've Always Been Curious what a FE Imo Nets Re: FMO question?
Originally Posted by GreenSky View Post
I beileve the top is about $150 per enrollment.

Shoot me your contact info. I moved to Henderson a year ago.

Rick
I see Chris Westfall allover the place -- "Sell MS over the phone" oppty. I've seen his YT video(s) as he was transitioning from selling FE to MS -claims it's the best decision he ever made etc.

Is calculating monthly commissions(to make sure you're not getting screwed) more difficult in MS due to the volume of clients and payouts being spread out over a longer period of time compared to FE?
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Old 08-06-2017, 04:48 PM   #19
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rousemark on I've Always Been Curious what a FE Imo Nets
 
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I've Always Been Curious what a FE Imo Nets Re: FMO question?
Originally Posted by NuUzr View Post
I see Chris Westfall allover the place -- "Sell MS over the phone" oppty. I've seen his YT video(s) as he was transitioning from selling FE to MS -claims it's the best decision he ever made etc.

Is calculating monthly commissions(to make sure you're not getting screwed) more difficult in MS due to the volume of clients and payouts being spread out over a longer period of time compared to FE?
As long as you don't assign commissions and are paid direct by the company, that is not usually a big worry.
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Old 08-06-2017, 07:43 PM   #20
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I've Always Been Curious what a FE Imo Nets Re: FMO question?
Originally Posted by rousemark View Post
As long as you don't assign commissions and are paid direct by the company, that is not usually a big worry.
"Assign commissions" - meaning assign coms to who you're working with/FMO?

I bring tracking commissions up because there was a poster on here who wrote about how Westfall tried to do him dirty out of a bonus. That means the FMO was assigned to dole out certain bonuses and not the company.

Can this whole commission tree get pretty tricky? have you ever sat back a month, a quarter or even a year and while reviewing your numbers said to yourself, "Wait.. I'm owed more money from xyz!" If so how'd you handle it-did you get your money?

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Originally Posted by rousemark View Post
As long as you don't assign commissions and are paid direct by the company, that is not usually a big worry.
"Assign commissions" - meaning assign coms to who you're working with/FMO?

I bring tracking commissions up because there was a poster on here who wrote about how Westfall tried to do him dirty out of a bonus. That means the FMO was assigned to dole out certain bonuses and not the company.

Can this whole commission tree get pretty tricky? have you ever sat back a month, a quarter or even a year and while reviewing your numbers said to yourself, "Wait.. I'm owed more money from xyz!" If so how'd you handle it-did you get your money?
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