Do new to medicare Med Supp policies get paid the same way as new to medicare MAPD policies? I was told by Humana that med supp polices do not get the “new to medicare” payment like MAPD does, just the percentage of the premium? I could have sworn I got this payment from previous Med Supps. Thanks
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Do new to medicare Med Supp policies get paid a 2nd commission?
- Thread starter jack3454
- Start date
only the one commission, then renewals starting in year 2
Humana though, often runs Bonus Programs for medsupps. Where you can earn more money for selling the medsupps.
- Thread starter
- #3
because MAPD is a government contracted product. The insurance company pays in a "True-up" fashion as part of their reconciliation process
medsupp i a totally private insurance. as a result true-ups are not necessary
- Thread starter
- #5
If new to Medicare and you write their PDP, you will get the double on the PDP (So, $50 + $50-new).
Also as others mentioned, med supps often have bonuses
- 1,495
The Humana bonus is paid out quarterly. So, that’s probably what you’re thinking about.
Medsupp commissions are pretty straightforward. Except, UHC, they are pro rata advance
Medsupp commissions are pretty straightforward. Except, UHC, they are pro rata advance
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