Coventry has processed their first interim commission run on December 5th.
The interim payment amount is $170 to the writing agent. There is no payment being made to uplines at this time. The interim run will cover all cases with 11/1, 12/1 and 1/1/09 effective dates. The 2008 effectives will still be paid based on the 2008 commission contract and the 2009’s will be based on the filed commissions subject to CMS approval.
We have not been given a timeframe as to when the balance of commissions and overrides will be paid. Coventry is working on updating their commission paying system so that when CMS approval is given they will be prepared to release the balance of commissions.