Originally Posted by insurance0707
...it looks to me that the consumer will be worse off for this rule.
This will kill MA
/ PDP indi sales in 2010! For 2010, CMS will start tracking agent of records and will then provide carriers the necessary info to make sure renewals are paid. Agents whom service their clients and advise a more suitable carrier will get paid much less for their efforts. The carrier that is replacing will then pay renewals (max 6 years total!).
Pyramid home office people are popping corks now! Whether your 100% MedSupp or anti MA
-- this stupid anti consumer 6 year drop-off commissions rule will leave alot of consumers without an advisor.
Good news for the carriers and home office captive agents. (i.e. Humana)
Bad news for the client + 6 years out!