In order to service payment of commissions more efficiently, Anthem Blue Cross and Blue Shield (Anthem) is consolidating four separate payment systems into one. This system consolidation impacts commission payment for Medicare Advantage (MA) Plans, Medicare Advantage Prescription Drug (MAPD) Plans and Prescription Drug Plan (PDP) business. Commission earned for Medicare Supplement and Employer Group Retiree sales is not included in this system consolidation, and commission payment for these products will continue to be paid according to the current process.
With this system consolidation comes a new Detailed Compensation Statement, which we believe will make it easier for you to reconcile your commission payment. Commission will be paid according to a monthly schedule and will include payment for MA, MAPD and PDP products in all states, regardless of how many states you service. The first Detailed Compensation Statement will be available in early February for payment of January 2015 commission payments for both new and renewal business. Payments or adjustments of payments for dates prior to January 1, 2015, will continue to be processed via the current systems.
According to the current payment schedule, you would have received commissions for January 2015 new and renewal business the week of January 26, 2015. It’s important to note that your Medicare Advantage and Medicare Part D renewal business and new policies effective January 2015 will transition to the new monthly payment schedule and will pay in early February 2015. Medicare Supplement business for the States of Indiana, Ohio, Kentucky, and Missouri will continue to pay from the current system with the first payment for 2015 in early January 2015.
To preview the Detailed Compensation Statement and Commission Processing Schedule for 2015, you can visit this link.
In order to receive commission, all agents must be “Ready To Sell” before marketing or selling our plans. “Ready To Sell” means that you have obtained State licensure and are appointed with Anthem in all states in which you plan to sell, completed AHIP Certification (which includes compliance training on combatting Fraud, Waste and Abuse), and completed Anthem’s product training module for all products you plan to sell.
Questions? Email jenna
This article applies to:
- Ohio, Missouri, Kentucky, and Indiana
- Senior and Medicare