Advalent Broker Commissions: Broker Management and Commissions made simple
Commissions workflow solution delivers efficiency, flexibility and accuracy

Advalent’s Commissions system lets health plans manage their Agencies and Agents (internal and external) including the hierarchy among agents. The system supports various payment types like “by number of sold cases and period”, “by flat rate”, “by tiered” and “by premium”. Advalent’s Commissions system also automates calculation of commissions, payments, retro changes, split commissions and generation of 1099.

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Manage Agency/Agents

Advalent’s Commissions system allows creation of Agencies & Agents and manage the relationship between them. It allows use to move Agents between Agencies and automates premium payments and all other changes to the correct Effective Date.

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Automate Commission Calculation

Based on various criteria, Advalent’s Commissions system defines commission rates and associates these rates to Agencies and Agents. Advalent’s Commissions system automates commissions calculations and also supports configurable retro change period for commission consideration.

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Broker Portal

Advalent’s Commissions system has a self service broker portal available for Agencies to self manage all their information. Agencies and Agents can monitor status of their leads, sold cases and also view their commission statements.

Manage Agency/Agent

  1. License Details
  2. Agency Structure
  3. Agent mapping
  4. Mailing Address
  5. Payment Details Address
  6. 1099 Information

Commissions

  1. Configurable – Plan/Product/Group/Agent level
  2. Multiple Broker Association
  3. Plans / Riders
  4. Commission payment supported
  5. Flat PMPM
  6. Percentage of Premium
  7. Tiered
  8. Commission Generation
  9. Batch Adjustment
  10. Void and Reissuing

Broker Portal

  1. Self Service Portal
  2. View Leads and Sold cases
  3. View commission Statements
  4. View pending payment
  5. Update information
  6. Enroll new Agents