• Report: #1166052

Complaint Review: HealthMarkets Inc. former know as Insphere insurance solutions

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  • Submitted: Wed, July 30, 2014
  • Updated: Wed, July 30, 2014

  • Reported By: B Hale — Dania Beach Florida
HealthMarkets Inc. former know as Insphere insurance solutions
6365 NW 6th Way Suite 300. Fort Lauderdale, FL 33309, Florida USA

HealthMarkets Inc. former know as Insphere insurance solutions the company pushes the Agents to produce each week, they call it "BLANKING" if you don't write a policy Fort Lauderdale, FL 33309 Florida

*UPDATE Employee: How an Insurance Career Works

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I worked for just a few months for this company and thank god, I left!   If you have never sold insurance, in the beginning the company looks great.  They have well known carriers that you will be representing.  During the interview they tell you how great their training is and their quoting software it the best! How they are the company to be with if you want to be in the health insurance business!  Then after about two weeks you quickly realize something is not right.  The first time I saw the main manager "Wayne" this English guy, belittle his sale managers at the weekly sale meeting was my first red flag.  Why would anyone let this guy talk down to them like this?  Then you quickly realize everyone has sold their souls to the company.  

Being so naive to how commission and draws were calculated, they start you at a 100% Draw and give you 8 months worth of commission in advance and charge you  INTEREST!! Each produce you sell, you receive a different commission rate, the checks come with no detail of what you are getting paid for.  All very confusing. I only worked a couple of months and owe the company a couple of thousand of dollars, and they will keep my license until the debt is paid off.   And not understanding how insurance agents book of business is done, with Health Markets if you leave YOU CAN"T take your clients with you.  They keep your book of business.  I am sincerely grateful I only worked for them 5 months and my debt is only a couple of thousand.   

They train their agent to ask up front how much money a client wants to pay for insurance so they can calculate how many supplement to add to the health policy.     

I actually had a manager tell me if a client didn't want dental he told them it was included and he couldn't take it off.  Which is a TOTALLY LIE!! He also said if the client didn't have 100.00 for insurance he didn't sell them insurance.   That was my second red flag.  Now reading all the post about clients getting sold product they didn't even know they were getting is totally believable.  At this office agents receive phone calls or text from their sale manage each week, if the agent hadn't text in any numbers for the week, the manger would state you better not blank for the week.  Meaning not having sold a supplement policy for the week.  Every Friday at the weekly sale meeting they put everyone supplement sale on the board and if you didn't have at least "1" supplement sale, they put a RED line through your name. 

I love to sell but seriously this company is  ridicules.  My last red flag was during my sale manage weekly phone meeting, he stated that "Wayne" had a meeting with all the sale manager  the prior week and told each sale manager to fire TWO agent from their team.  And our sale manager said he was sorry, but he was going to have to think about which one of us it was going to be.    He hated to do it, but "Wayne" the top manager said they had to.  That was enough for me, to just throw in the towel.  I sincerely didn't want to sell one more policies with this company.  Everyone who is approached by an agent from Health Markets ask lots of questions about what you are purchasing.  Critical illness and accident are excellent insurance if YOU WANT the coverage, just make sure you are the one making the decision to add it to your health policy not your agents.       


This report was posted on Ripoff Report on 07/30/2014 07:20 AM and is a permanent record located here: http://www.ripoffreport.com/r/HealthMarkets-Inc-former-know-as-Insphere-insurance-solutions-/Fort-Lauderdale-FL-33309-Florida-33309/HealthMarkets-Inc-former-know-as-Insphere-insurance-solutions-the-company-pushes-the-Ag-1166052. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 UPDATE Employee

How an Insurance Career Works

AUTHOR: insuranceperson - ()

Just writing to offset the negative stuff about Healthmarkets. First .. there is a lot to know so be prepared to learn a lot in as short a time as possible.  I have been in Health Insurance working for large corporations for over 30 years  and I still have a lot to learn.   For anyone in the insurance business .... you often need to consider how you are going to support yourself for a year or two .... if you can stick it out it is worth it.  In my earlier years ... I tried life insurance but the General Agency was not honest in their payments and to sell life insurance is pretty tough.   Healthmarkets does advance your comission to you ... thus the interest ... they pay you in advance so that you can earn enough to live on and continue on.  

No one would be able to do the job otherwise ... it is really a very good system and I have looked at comissions and systems for years.   I really like everything the company has to offer.   I an probably going to help earn money by being an Uber driver for a short period of time ... until I really get the hang of it.   For those complaining about Healthmarkets maybe their boss did not explain things correctly?   As I said I have been in the businesss for over 30 years and this is the best system I've ever seen.

For the record for those who investigate the website ... all comission structures are posted for every rep in the country to see... there is no mystery.  Companies pay differently .. always have ... always will.  You don't like the comission structure ... don't sell the product.  Me ... I'll take the advance and move on to the next sale.  It's the advance that allows you to build a book of business.   I was in a room with over 40 sucessful agents who seem to really like the general manager ... and my general manger has a great respect for people.   If he said anything disrespectful to me .... I would set him straight ... but that is not likely to happen. Sorry for people who had a bad experience ..... but as sales jobs go .. it's one of the best. Wish I found them years ago ... and I was in a 6 figure job!

 

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