ACA Commissions

Fee Comp Plan

A Fee comp plan is used for individual or group medical insurance.  The fee is the amount of compensation paid to the agent.  The total commission is determined by multiplying the fee in the schedule times the number of lives entered at the policy level.  The number lives can be adjusted as needed.  Typical products are individual and group medical.

Sample Fee Schedule
Begin Year
End Year
Fee
Mode
Advanced Rate
1
Endless
$22.50
Monthly




Add

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click ADD COMP PLAN.
  4. Name the plan.
  5. Type - select Fee.
  6. Carriers - select the carriers for the Comp Plan.
  7. End Year - select the ending year for the first time period.  Select Endless if the fee continues forever.
  8. Fee - enter the fee amount for the first period of time.
  9. Mode - select the mode for the fee payment.
  10. Advanced Rate - if commissions are advanced, input the percentage amount that is advanced.  (9 months = 75%, 12 months = 100%).  If fees are paid as earned, leave this field blank.
  11. Click ADD ROW for additional fee periods.
  12. Add a description of the plan (optional).
  13. Click the delete icon  to remove a row.
  14. Click SAVE.

Edit

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the Comp Plan name.
  4. Make changes.
  5. Click SAVE.

Duplicate

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the box next to the comp plan to duplicate. Only one comp plan at a time can be duplicated.
  4. Click the duplicate icon .
  5. Make changes.
  6. Click SAVE.

Delete

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click the box next to the comp plans to delete.
  4. Click the delete icon . The comp plan will be removed from all linked policies.
  5. Click CONTINUE.

    • Related Articles

    • Medicare Comp Plans - Manual Plan

      Medicare Advantage and Prescription Drug Plans pay a fee that is determined annually by the Centers for Medicare and Medicaid Services (CMS). A Manual Plan is available for any type of Advantage or PDP plan that requires a special schedule. Examples ...

    • Bulk Change - Comp Plans

      A Comp Plan describes how a commission is paid on a policy. AgencyComp can calculate, estimate and track commissions for the five most common types of commission payments. Percentage of Premium Medicare Advantage Fee Target Premium Graded Comp Plans ...

    • Fee Policy - Add, Edit, Duplicate and Delete

      A Fee comp plan can be used for individual or group medical insurance. The fee is the amount of compensation paid to the agent and is added to a comp plan. The number of lives is entered at the policy level and multiplied times the fee from the comp ...

    • Medicare Comp Plans Introduction

      A MA-PDP comp plan pays a fee that is set each year by the Centers for Medicare and Medicaid Services (CMS). The first-year commission can be paid in full or pro-rated depending on the fee, effective date, and enrollment type. Renewals always begin ...

    • Other Comp (Overrides or Bonuses)

      Overrides and bonuses for a policy can be added to a policy import template or added manually to a policy. An example of Other Comp is an override, bonus, or additional fee paid in addition to the base commission. Add the Other Comp to the policy ...