The Challenge
Finding Missing Commissions Takes Hours
Every health insurance agency deserves the peace of mind in knowing that their earned commissions are accurate. But when you’re using manual tools like spreadsheets and paper files or generic commissions solutions, this process can become tedious and time-consuming. Worse of all, it usually goes undone when teams wear too many hats or have too many tasks — meaning your agency is leaving hard-earned money on the table.
Common roadblocks include:
- Relying on manual solutions requires going line-by-line in carrier commission statements to compare what was earned against what was expected
- Generic commission tools don't take carrier delays into account, making tracking even more manual and difficult
- Lacking efficient ways to identify missing commissions means many agencies are leaving money on the table each payment period
Our Solution
Rest Easy Knowing Your Commissions Are Accurate & Accounted For
No carrier or upline intentionally pays agencies incorrectly. But it does happen. Having a tool to track and identify those inaccuracies automatically helps agencies move from simply surviving to thriving and preparing for the future.
- Prepare for Carrier Delays: It’s well known that carriers can be delayed 2-3 months, which makes tracking more complicated. Commissions+ takes that into account, breaking down the earnings and misses so you can make informed decisions.
- Granular Tracking Each Payment Period: Commissions+ identifies which payments for which policies are missed each commission run, so you have the data you need to dive deeper and recover your hard-earned money.
- Fix Revenue Leaks: Stop leaving money on the table and trust your bottom line with a health-insurance tool that helps your team operate and plan.
Want to see how this works in action?
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You've got questions. We've got answers.
Insurance Commission Reconciliation Software FAQs for Agencies
Insurance agencies can identify missed commission payments by comparing expected carrier payments against the commissions they actually receive. AgencyBloc’s Commissions+ helps your team track incoming payments, compare them to projected payments, and spot gaps that may indicate missed or inaccurate compensation. Once your team identifies a discrepancy, you can use that information to follow up with the carrier for resolution.
Yes. Commission tracking software like Commissions+ can compare actual payments to expected payments so your team can identify when something doesn’t look right. Dashboard Analytics gives agencies a high-level view of actual versus expected payments, with the ability to monitor trends by month or year over year.
Agencies can reconcile inaccurate or unpaid commission payments by using commission tracking software to identify the policies where payments were incorrect, incomplete, or missing. In Commissions+, your team can run a Commission Not Received Report to gather the data needed to investigate discrepancies and work with carriers to resolve them.
Monitoring carrier commission payments closely helps your agency protect revenue and catch issues before they go unnoticed. Missed payments may happen when carriers fall behind or when a client cancels a policy without notifying your agency. With Commissions+, your team can track incoming carrier payments, review actual versus expected compensation, and identify potential problems faster.
Schedule a demo today to get more of your agency's Commissions+ questions answered.
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