Wellmark Medicare Supplement Commission Change Update
Last week, Wellmark announced changes to the commission structure for Medicare Supplement products in which commission will no longer be paid for policies 11 years old or older, while increasing commission on renewals in years 2-6.
Wellmark also announced a new sales bonus of $150 for new Medicare Supplement sales in 2020. More details will be announced when available.
With Change Comes Opportunity!
Now is the perfect time to sit down with your clients and review their Medicare coverage. PIPAC also continues to offer alternative products that still offer lifetime commissions. If you are not yet appointed to sell Medicare Advantage products with PIPAC through Medica, Aetna or UnitedHealthcare, do not delay as the selling season is right around the corner.
To find out how these changes affect your agency, or for contracting information for Medicare Advantage products, contact Jenny Anderson (firstname.lastname@example.org) at 319-277-8541.
We are here to help you! More information and educational opportunities will come in the following weeks as the Annual Enrollment Period approaches!
Please don't hesitate to call if you have any questions!