Attention Valued Partner,
Based on feedback received from our broker partners and to meet industry best practices, we are updating our policy regarding compensation for First Year Plan Changes. Beginning January 1, 2022, First Year Plan Change payments will be prorated.
Policy Update
The First Year Plan Changes policy update will result in the New Broker of Record (BOR) receiving a prorated payment, and the Initial BOR receiving a prorated chargeback.
Payment Example
When an existing client in their first year with Wellcare facilitates a plan change through another active broker: