Understanding Anthem Commission Statements
1. Introduction to Anthem Statements 0:00
- Anthem statements, referred to as Elevance, will start including a due date from 2025.
- Important to distinguish between valid commission statements and incorrect ones.
2. Identifying Valid Commission Statements 0:17
- A valid commission statement will show a payment period.
- Incorrect statements will indicate 'this is not a payment'.
3. Understanding Payment Structure 0:44
- Payments are broken down into monthly amounts (e.g., $26 for each month).
- This new structure started in 2025 and may lead to chargebacks if clients fall off the books.
4. Impact on Agents Using ComTrack 1:29
- Using ComTrack simplifies the process; otherwise, it can be cumbersome.
5. Navigating ComTrack for Statements 1:52
- Access the all-time tab in ComTrack to view your statements.
- Check the statement date and payment period.
6. Understanding Advances in Payments 3:09
- Payments are recognized as advances (e.g., $26 paid multiple times).
- Adjustments may be needed for the comp plan based on these advances.
7. Modifying Comp Plans for Anthem 3:45
- If normally giving a $50 advance, adjust to reflect the new structure (e.g., $4 per renewal).
- Chargebacks should also reflect the new advance structure.
8. Handling Chargebacks 4:42
- Chargebacks will be prorated based on the number of months (e.g., negative $26 for each month).
9. Assigning Comp Plans 5:24
- Ensure to assign the correct comp plan for Anthem carriers.
- Use filters in ComTrack to find Anthem MAPD statements.
10. Conclusion 5:47
- Review the process to ensure proper handling of Anthem commission statements.