How will Agent Chan be compensated for enrolling Stephanie King in the FeelBetter Medicare Advantage plan?

Agent Chan's compensation structure for enrolling a new member in a Medicare Advantage plan like FeelBetter typically involves receiving initial compensation for the months that the member is enrolled within that calendar year, followed by renewal payments for subsequent years. In this case, enrolling Stephanie King would mean that Chan receives initial compensation covering the enrollment period from July through December of that year.

This approach allows the agent to be compensated for the active months in which the member is newly enrolled rather than receiving a full year's compensation upfront. After the first year, the agent would then receive renewal commissions based on the ongoing membership status of the enrollee for subsequent years. The structure incentivizes agents to ensure that the members stay enrolled for the long term, which benefits both the agent and the insurance provider.