Dear Valued Producer,
In an effort to minimize any debit balances that may occur as a result of WellCare's recent announced intention to exit the PFFS market in 2010, effective with payments made on or after May 29, 2009, PFFS renewal commission will be paid as-earned each month. This new payment structure will replace the 100% annualized advance payment structure that is currently in place.
Additionally, WellCare will also pay the 2nd half of all PFFS first year commissions for those enrollments that CMS deemed as new to Medicare Advantage for 2009 (as reported by CMS) on an as-earned basis each month in the coming weeks.
Since all PDP commissions are generated through the same system as the PFFS commissions, PDP new business and renewal compensation will also be paid as-earned each month.
CCP commission payments are unaffected by this process change and WellCare will continue to pay 100% annualized advance payment for 1st year and renewal commissions.
Please keep in mind, all commission payments are subject to rules set forth in WellCare's producer contract. Pursuant to the terms and conditions of your producer contract, this notice shall act as an amendment to your producer contract with respect to timing of payment of commissions. All other terms and conditions of the producer contract shall remain unchanged and in full force and effect.
Should you have any questions, please do not hesitate to contact your FMO, WellCare representative or the WellCare's PFFS/PDP commission hotline at (866) 383-4324.
Thank you for your continued support of compliant marketing practices,
Kevin A. LeBlanc
Vice President, National Distribution
WellCare Health Plans
PFFS/PDP Compensation FAQs