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what's up guys, I hope everybody's AEP is going well. I came across some CMS guidance Im not sure of and seeing if anyone got this clarified before I start askin my FMO ( as being Im sure they will lie to me ).
In a guidance Doc from October 17th it states 2 interesting things that apply to me personally on commissions and overrides.
managing the sale.
and
that all of their contracted sales staff's compensation levels abide by the new MIPPA
Questions:
Is my FMO allowed to take any over ride from any commission earned for a med advantage sale ? If so how can they get around this guidance ?
And does this guidance supercede any contract I or agent I recruited signed ?
http://www.cms.hhs.gov/HealthPlansGenInfo/Downloads/Additionalmarketingguidanceonregs-101708.pdf
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I guess no one wants to touch this one ...
In a guidance Doc from October 17th it states 2 interesting things that apply to me personally on commissions and overrides.
Compensation
CMS would like to clarify these points regarding the MIPPA Agent / Broker compensation
guidance:•
It applies only to agents / brokers who make the sale and not to administrative or
management staff who might be paid an administrative fee for scheduling, processing or
management staff who might be paid an administrative fee for scheduling, processing or
managing the sale.
and
•
CMS does not differentiate between agents, brokers, general agents, general agencies,
distribution partners, employees, etc. It is the Medicare plan's responsibility to ensure
distribution partners, employees, etc. It is the Medicare plan's responsibility to ensure
that all of their contracted sales staff's compensation levels abide by the new MIPPA
Questions:
Is my FMO allowed to take any over ride from any commission earned for a med advantage sale ? If so how can they get around this guidance ?
And does this guidance supercede any contract I or agent I recruited signed ?
http://www.cms.hhs.gov/HealthPlansGenInfo/Downloads/Additionalmarketingguidanceonregs-101708.pdf
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I guess no one wants to touch this one ...
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