Where Are Your Commissions?

We we elated initially when CMS allowed agents to start selling PFFS plan exits on October 1st.

Then  we were told, wait, don’t talk to clients until ____ (fill in the blank as each company interpreted it differently).

Now we find that all the applications that were sent in prior to AEP, just sat there. CMS didn’t process them, you were not able to get ahead of the AEP backlog.

As you probably already noticed, commissions are based on applications receiving CMS approval –so you haven’t been paid. Pyramid was the only company to pay without CMS approval (it is their choice and they risk chargebacks later). Pyramid has paid quickly! All the other companies, except Anthem, will start processing commissions next week.

If you are set up for direct deposit you get paid a week faster!

Anthem’s PPO is very popular this year, keep in mind that they pay one month after the effective date.

 Thank you,

Sylvia