Medicare Supplement Commission
Medicare Supplement commission is not regulated by CMS. As a result, commission is different for every company and can vary by state as well. In addition, supplement commissions are different from one plan to the next for some companies. An example is Medicare supplement plans F, G and N. Some companies pay the same compensation for all three plans while they pay a lower compensation for plans L,K, M and High deductible F. Still other carriers pay based on a percentage for plans. This ranges from 12% to %26 depending on the company. As a result, the higher the premium the higher the compensation for the sale. Most companies pay on a 9 month to 12 month advance.
Medicare supplement commission can also change based on the age of the client. Some carriers will pay a higher compensation for people enrolled from age 65 to 68. They will pay a lower commission for those age 69 and above. Please note: Most plans do not pay commissions for applicants under the age of 65. The number of companies offering commisionable supplements changes from state to state. A state such as Texas has an overwhelming number of plans offering supplements. Meanwhile a state such as NY or CT will have limited companies offering plans. Some companies will have competative pricing in some states and not in others.
If you need a commission schedule, send an email to Edward@croweandassociates.com or call us at 203-796-5403. We can provide schedules for most companies in every state.
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Medicare Supplement Leads: 50% co-op
At Crowe and Associates we work hard to help our agents succeed. We provide training, an online quote engine, contract and a 50% co-op on Medicare lead costs. Agents can use any Medicare lead program they like. Examples are Medicare mail response cards, seminar costs, online leads or anything else generating Medicare sales.