ikaCommissions 

Flexible and Automated Commissions Processing 

To simplify commissions processing and reduce its administrative burden, health plans are looking for a single system that can be used across all products yet can allow each product to be set up according to its unique business rules. ikaCommissions is an ideal solution: a highly flexible Web-based commission payment automation system that integrates with the enrollment process to accurately calculate commission payments based on a health plan's unique requirements, including automatically deducting any retroactive enrollment changes.

ikaCommissions allows health plans to configure any type of commission payment formula, including multi-tier commissions. Commissions can be generated for agencies and their agents/brokers based on defined rates for different tiers, with payments defined as set dollar amounts or percentages. Commissions are adjustable: payments can be debited or credited, actual amounts can be adjusted, and fees and log notes can be attached for reference for each adjustment.

In addition, component-based design enables ikaCommissions to easily integrate with existing health plan applications, extending those investments while giving plans more comprehensive functionality.

Rapid Set-Up and Time to Value

ikaCommissions can be easily configured to match any organization's specific business rules:

• ikaCommissions can support multiple agencies, agents and brokers and their applicable commission rates, with payment of a flat dollar amount or a percentage of premium.
   
• Different types of agencies can be configured, including external agencies, internal sales and internal non-sales as well as details pertaining to the agents/brokers and managers and their respected tiers.
   
• ikaCommissions supports multi-tier agencies by automatically generating different commission payments for each tier level, as configured based on the health plan's business rules.
   
• Different commission amounts can be configured based on annual, open and closed enrollment periods.
   
• ikaCommissions can be configured to easily debit or credit individual commission payments, as well as attach appropriate fees to a commission and provide notes for reference to each adjustment.
   
• Configurable system parameters include commission ID type, length and prefix as well as effective dates and days allowed for retroactive changes.
   
• Users can search by agency ID or name and by broker ID or name to see complete commission payment details.
   
• Multiple real-time reports are available for tracking and verifying commission payments and complete details.

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