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FYI, I just received a letter: Unicare will be eliminating commissions on Enhanced and Enhanced Plus (Private Fee for Service) plans as of 08/01/2008. The ...


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Old 06-30-2008, 06:34 PM   #1
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Unicare Eliminates Commissions on Enhanced Plans             Go to Top

FYI, I just received a letter:

Unicare will be eliminating commissions on Enhanced and Enhanced Plus (Private Fee for Service) plans as of 08/01/2008.

The plan design has resulted in very high loss ratios.

The negative financial impact of this business has forced them to make a difficult decision.

These plans accounted for 40% of all new Private Fee for Service sales during the Open Enrollment Period.
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Old 06-30-2008, 11:49 PM   #2
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Re: Unicare Eliminates Commissions on Enhanced Plans             Go to Top

I am having a brain freeze - these are Medicare related products?
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Old 07-01-2008, 12:15 AM   #3
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Re: Unicare Eliminates Commissions on Enhanced Plans             Go to Top

Medicare Part C PFFS plans with lots of bells and whistles and as Robliano said, high loss ratio too.

I received the same letter.
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