Commissions

Percentage is % of premium members pay for coverage to health insurance carrier, except BCBS policies with CEP

plus possible bonuses - depending on sales and retention, please inquire for current details

 

AARP 

 

Medicare Supplement $242 years 1-6 for Plan C or F. $226 years 1-6 if Plan G. $210 years 1-6 if Plan N. $105 years 1-6 if plans A, K, or L.

Guaranteed Issue outside Open Enrollment period: 50% of the above

 

Medicare Part D Rx plans $53 or $56 for initial Part D plan, $26.50 or $28 if not new or renewal

 

Medicare Advantage plans $408 if new to MAPD plan, $204 to $213 if not new to MAPD

Lifetime Renewal Commissions complicated schedule - available upon request

   

Aetna Medicare

 

Medicare Supplement 20% of premium in years 1-6, 4% for yrs 7+, 8% if Guaranteed Issue

 

Group size 1 enrolled employee $8 per enrolled employee per month regardless of dependents

Group size 2-4 $12 per enrolled employee per month regardless of dependents

Group size 5-24 $22 per enrolled employee per month regardless of dependents

Group size 25-50 $30 per enrolled employee per month regardless of dependents

   

BCBS

Individual policies effective 3/1/2011 and after, or who changed plans after Oct 2010, without association discount year 1 of policy: 10% of CEP, then 5% thereafter of CEP

 

CEP = commission eligible premium, which does not include rate-ups, surcharges or rate increases (ie CEP is the lowest 'preferred' rate at

initial enrollment, not total or actual premium, and not of premiums after future years' renewal rate increases)

Individual policies effective 3/1/2011 and after, or who changed plans after Oct 2010, WITH association discount year 1 of policy: 8% of CEP, then 4% thereafter of CEP

Individual policies effective before 9/1/07 that have not changed plans since Oct 2010 5%

Individual policies effective 9/1/07 - 2/25/11 that have not changed plans since Oct 2010 11.0% 

Individual with association discount effective after 9/1/07 until 2/25/2011 that have not changed plans since Oct 2010 8.0%

Group

Group size 1-3 $6 per enrolled employee per month

Group size 4-25 $24 per enrolled employee per month, $27/person 1st policy year only

Group size 26-50 $22 per enrolled employee per month, $24/person 1st policy year only

 

Medicare

Part D Rx plans sold prior to 2020: $55 for 1st year, $27.50 annually for years 2-6 of contract

Part D Rx plans sold after 2020: $78 for 1st year new to Part D, $39 annually thereafter

Medicare Supplements effective before 1/1/08: 14% the 1st year, 12% for months 13-71, then no commissions after

month 72 of contract.

Medicare Supplements effective 5/1/17 and later: 1st year: $250 unless Guaranteed Issue, then $125

Years 2-6: $20.83 per month, if Guaranteed Issue, $10.41 per month

Years 7-10: $6.25 per month

Medicare Advantage MAPD sold prior to 2020: $429 for 1st year, $215 for renewal years

Medicare Advantage MAPD sold after 2020: $510 for 1st year new to MAPD, $255 for renewal years

BrightHealth

Individual $18 per member per month, for up to 3 children per family.

CIGNA

Medicare Supplement

 

20% years 1-6, 3.5% years 7-10, 1% thereafter. If Guaranteed Issue,

1.5% for years 1-6. Commissions are not payable on premium

attributable to the Part B deductible in Plan F. Commissions are paid

on the initial premium only and not on increase in premium.

   

IHC

 

Short-term medical plans 18%

   

IMG International Medical Group

 

10% for Patriot plans, 15% for Global Series plans

      

Humana

Humana Individual 0 (nothing) for plans effective after 4/2/16

Groups of 1 enrolled employee

 

75% of what you see at http://blackgould.com/documents/compensation/groupcomm.pdf

Groups of 2-5 see http://blackgould.com/documents/compensation/groupcomm.pdf

Medicare Advantage $408 the 1st year, $204 if renewal or if product change

Medicare Part D Rx plan $56 for 1st year in Part D, $28 if renewal or not new to Part D

 

no commissions for Humana Enhanced PDP

Lasso Medicare Advantage plans

$389/1st year if new to Medicare, then $195 for renewal years

$195/year if not new to Medicare

Mutual of Omaha

 

Mutual of Omaha Medicare Supplements ages 65-80

18% of premiums years 1-6, 4.5% years 7-10, 0% years 11+.

Commissions paid on initial premium, not increases.

50% of the above for Guaranteed Issue policies or clients over 81 yrs

National General

 

Short-term medical plans 20%

  

SilverSciptMedicare

Part D Rx plans $63 for 1st year in Part D, $32 if renewal or not new to Part D

United

Groups of up to 2 enrolled employees $6 per enrolled employee per month

Group size 3-4 $10 per enrolled employee per month

Group size 5-25 $30 per ee per month / $24 per ee upon renewal

Group size 26 or more $25 per ee per month / $22 per ee upon renewal

plus possible bonuses from United- depending on retention

Short-term plans: 22% for short-term Plus, 25% for short-term Elite, 27% for short-term Value

WellCare

Part D Rx plans $78 for 1st year in Part D, $39 if renewal or not new to Part D (annual)

MacFerrin Financial | P.O. Box 66022 | Tucson, AZ 85728 Phone: 520.323.2626 | Fax: 520.323.0230 | info@macferrinfinancial.com