Is this Commission from Humana Normal?

[gavros777]

I'm new to the health market and humana was one of my first companies to try for an appointment. The person i talked to on the phone told me the commission for individual health policies is 6% for the first year and 4% for renewals.

Is that normal?

 

[taterpeeler]

yep... welcome to the world of no commission health insurance.. also, you will have several fees and taxes striped from the commissionable premium.... so its even less than 6%

 

[gavros777]

yep... welcome to the world of no commission health insurance.. also, you will have several fees and taxes striped from the commissionable premium.... so its even less than 6%

Wow, thanks for the info, i'm in the insurance business for 4 years on the PC market but new to the health market. I always used to hear from health agents how big the commission of the first year is.

Is the obamacare responsible for this change?

 

[taterpeeler]

yes.... 100% responsible

 

[Yagents]

But premiums have doubled .........ooops......I mean they've gone down. Depends on your political affiliation.

 

[ggbh]

I'm new to the health market and humana was one of my first companies to try for an appointment. The person i talked to on the phone told me the commission for individual health policies is 6% for the first year and 4% for renewals.

Is that normal?

Last year, we got 8%. This year it is 6%. However, while other are looking that the glass 1/2 empty...the policies are increasing by 13% this year. So, I figure, in the end with changes...I'll be making at least 6.5% on my renewal policies.

But, that is how I look at things. Others spread negativity.

 

[taterpeeler]

I'm a republican. I'm negative

 

[ggbh]

Wow, thanks for the info, i'm in the insurance business for 4 years on the PC market but new to the health market. I always used to hear from health agents how big the commission of the first year is.

Is the obamacare responsible for this change?

Taterpeeler is in Texas. I can't speak for him. Texas is a whole, GREAT State on its own.

We are in Florida. Humana is different in Florida than Texas. I mean, you must sell plans according to client area even here. (A certain Humana plan in central florida is the not the same in South Florida).

I will tell you, that you need to find an FMO in your area, and get licensed quick with other carriers.

I wish you good luck, and from what I have seen so far this season, it is vicious out there competing with agents. Those who didn't jump in last year, are not jumping in this year.

 

[Yagents]

I don't compete with other agents.

Renewals are based on original premium, not rate ups.

 

[AllenChicago]

I don't compete with other agents.

Renewals are based on original premium, not rate ups.

Agent section of carrier website shows all being cancelled 12/31/2014 and automatically started again on 1/1/2015.
HELLO FIRST YEAR COMMISSION!! NO?