Add Other Comp to a Medicare Advantage Policy

Add Other Comp to a Medicare Advantage Policy

Sometimes when a Medicare Advantage poicy is sold, additional fees are paid on the policy.  An example is a one-time fee for a health assessment or a monthly override or bonus.  If the additional fee is paid separately on a commission statement, it can be tracked separately from the base policy commission.



Add Other Comp to a Medicare Advantage Policy

  1. Create a comp plan for the fee. Click here to learn how to create a fee comp plan.
  2. After the fee plan has been created, go to the Main Menu and click Policies.
  3. Select a policy.
  4. Click Other Comp.
  5. Click ADD OTHER COMP.
  6. A fee comp plan is the only type of Other Comp that can be added to a Medicare Advantage policy.  Select a Comp Plan.  The selected plan will appear on the right side of the page.
  7. Select a Revenue Type from the dropdown.  A Revenue Type is needed to match a commission to the Other Comp.  Click here to learn more about Revenue Types.

  8. Click SAVE & RETURN.