Commission schedules are an integral feature of the MPCRM platform, designed to facilitate the management of payments for non-CMS products such as ancillary services, life insurance, and under 65 plans. This guide aims to demystify the components of commission schedules and provide a straightforward approach to setting them up effectively.

The commission schedule section is dynamic and responds to the policies listed on your profile pages. It is important to note that commission schedules cannot be created ad hoc; instead, they are generated based on the companies and policies that are currently active or pending within your CRM.

When setting up a commission schedule, several key variables must be considered:

• Type: This refers to the payment structure, which can either be a fixed rate or a percentage. It essentially determines how you will be compensated.

• Advance: This variable is useful for tracking pending business and estimating projected commissions. If you receive payments "as earned," you should select "AE" or "1 month."

• States: If your commission rates vary for the same product across different states, you can create multiple versions of the same company/product schedule. This allows you to specify which states a particular schedule applies to, based on the residency of the client.

• Age Range: Similar to states, you can establish different schedules for the same company/product with varying commission values based on the client's age.

• Policy Effective Date Range: If a company or product alters its broker commission rates for policies issued after a specific date, you can create a new schedule that targets policies within that date range.

• Ranges/Bands: These values, whether fixed rates or percentages, are utilized by the system to perform calculations. You can create multiple range bands as needed, defining your payment structure for each year of the policy.

• Max Lives: This variable is particularly relevant for under 65 plans. Setting a maximum value will limit the number of lives for which the schedule will calculate commissions. For instance, if you establish a commission schedule to pay $25 per insured individual on a policy with 5 lives, but the carrier only compensates for a maximum of 4 lives, you would set the "Max Lives" value to 4.

• Written As: If you have designated a policy as "AOR Change," you can create a separate schedule and specify the "Written as" field to reflect "AOR Change."

Understanding and effectively utilizing commission schedules within the MPCRM platform is essential for optimizing your payment processes for non-CMS products. By familiarizing yourself with the various components and variables, you can ensure that your commission structures are tailored to meet your specific needs.