Over-Rides on Medicare Advantage?

[myinsurebiz]

Could someone please enlighten me on what the Over-Rides on Medicare Advantage are and are they carrier specific?

Thanks . . .

 

[Josh]

CMS hates agents making money.

It's a CMS policy, but the short version is you need downline agents and CMS dictates requirements and comp levels.

 

[myinsurebiz]

CMS hates agents making money.

It's a CMS policy, but the short version is you need downline agents and CMS dictates requirements and comp levels.

Okay thanks. What are the numbers?

 

[Josh]

I'm on my phone, but this might answer it. In sure others can help too.

https://www.cms.gov/Medicare/Health-Plans/ManagedCareMarketing/AgentBroker.html

 

[myinsurebiz]

I'm on my phone, but this might answer it. In sure others can help too.

https://www.cms.gov/Medicare/Health-Plans/ManagedCareMarketing/AgentBroker.html

Thanks . . .

That just looks like agent commissions. I'm wondering about over-rides on down line agents production . . .

 

[Chazm]

I know when UHC was paying $413 for a T65 I was getting $450. So I'd say around $30 for T65 $15 for non

 

[Todd King]

Thanks . . .

That just looks like agent commissions. I'm wondering about over-rides on down line agents production . . .

For the most part, the GA level is one step above the agent and the GA will usually make about a $50 overwrite. MGAs will make about another $25 over the GA.

This is for true ups, so the renewals will usually be a little less.

 

[wehotex]

For the most part, the GA level is one step above the agent and the GA will usually make about a $50 overwrite. MGAs will make about another $25 over the GA.

This is for true ups, so the renewals will usually be a little less.

In addition, aren't the upper levels also receiving incentive bonuses and marketing money? Why else would the uplines appear to be pushing certain MAs over others?

 

[Todd King]

In addition, aren't the upper levels also receiving incentive bonuses and marketing money? Why else would the uplines appear to be pushing certain MAs over others?

Sometimes. They still make a bunch of money because of volume.

 

[Chazm]

For the most part, the GA level is one step above the agent and the GA will usually make about a $50 overwrite. MGAs will make about another $25 over the GA.

This is for true ups, so the renewals will usually be a little less.

Ahh you're right. I was getting $453 when t65's were paying $403