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Revenue Projection
The Revenue Projection report projects revenue over a specific period by year and month on Active policies. Revenue is also included from Termed policies while they were active. Only policies with a comp plan linked to them are included in the ...
Revenue Types
Revenue Types are names given to other types of compensation on a policy. An example is an override or bonus. The revenue type name from the commission statement is used to match the commission to a policy. A revenue type is linked to a carrier. Add ...
Step 6 - Add Reports
There are multiple reports to help you calculate, project, analyze and track premium and commission for your policies. Pending Business – displays annualized premium and first year commission on policies in underwriting. Analytics – summary of ...
Step 1 - Add Carriers and Comp Plans
To calculate commissions for a policy, a Carrier and Comp Plan must be added and linked to a policy. A Comp Plan describes how a commission for a policy is calculated and how long it is paid. Since comp plans are linked to one or more carriers, you ...
Medicare Advantage Comp Plan
A MA-PDP comp plan pays a fee that is set each year by the Centers for Medicare and Medicaid Services (CMS). Depending on the Enrollment Type, the first-year fee can be paid in full or pro-rated. Renewals always begin on January 1st following the ...