CMS, Center for Medicare and Medicaid Services, thought that was too much. They cut my commission to $400 per sale.
Then they made that 20% commission cut retroactive back to 15 November 2008.
Then, CMS “redefined” the meaning of the words “renewal commission” and “first year commission” -— now a “renewal” is anything that happens after the 1st Year in Medicare, regardless of private insurance company or agent contracts or agreements.
This cut my commissions, on most sales, AGAIN, from $400 to $200.00 per sale.
Then, they made THIS regulatory decision “retroactive” back to 15 November 2008-—
Funny thing is (Well, without humor, this is all hard to face) The governments own records are so screwed up that private insurance companies were ordered to “reverse” 50% of our commissions, (from the 400.00 level, they already told to reverse commissions due to the previous cut!) -— but the government's records are not sufficient to actually IMPLEMENT the rules and regulations that the government has now put in place.
In other words, we don't get paid at all, on 50% of our commissions under dispute, until some government geek figures out how to compile the data that the government said they already had, when they came up with this attack on insurance agents in the first place.
This is on work that was done in November and December of last year, and the first quarter of this year.
If the government can not regulate a simple matter like commissions, how in the heck can the government manage every complex part of the health care industry?
“... how in the heck can the government manage every complex part of the health care industry?”
It can’t, and we all know it. Medicare and Medicaid are rife with inefficiency, bureaucracy, and fraud.