Insurance Agent Forum

[insurance0707]

I noticed my commissions seemed off with United of Omaha. I get 21% and 12 months advancing. For example a Plan F that runs $1,000 annually I would substract the $135 Part B deductible because that's not commissionable and my commission should look like this....

$1000 - $135 = $ 865 x 21% = $ 181.65

United of Omaha is subtracting $200 instead of $135, so this is what my commission looks like......

$1000 - $200 = $ 800 x 21% = $ 168.00

I know it doesn't seem like a whole lot, but over time that can add up, plus I'm already getting a much lower commission than the other companies are paying, but they have the best premium in some areas of my state.

When I called them and asked them about this, they said they were deducting $200 instead of $135 because of administration fees, paperwork, etc. They did say they are changing this retroactive and will deduct $150 from the premium instead of $200 and they will sometime this year send the difference out to me. Has anyone heard of a company doing this?

[senior-advisor-indiana]

Just another example of how they treat their agents. Why should we have to pay those fees?

[insurance0707]

I know!!

[Kimber]

Actually they are going to adjust the backout and reimburse the agents on any monies lost.

[sman]

Originally Posted by insurance0707

I noticed my commissions seemed off with United of Omaha. I get 21% and 12 months advancing. For example a Plan F that runs $1,000 annually I would substract the $135 Part B deductible because that's not commissionable and my commission should look like this....

$1000 - $135 = $ 865 x 21% = $ 181.65

United of Omaha is subtracting $200 instead of $135, so this is what my commission looks like......

$1000 - $200 = $ 800 x 21% = $ 168.00

I know it doesn't seem like a whole lot, but over time that can add up, plus I'm already getting a much lower commission than the other companies are paying, but they have the best premium in some areas of my state.

When I called them and asked them about this, they said they were deducting $200 instead of $135 because of administration fees, paperwork, etc. They did say they are changing this retroactive and will deduct $150 from the premium instead of $200 and they will sometime this year send the difference out to me. Has anyone heard of a company doing this?

United World does it already (but it's $150 not $200). It's my understanding that it's just for Plan F. United of Omaha isn't in Georgia yet. I would assume that when they get here, it would be the same seeing that they have the same parent company.