Your guide to Wellcare, Aetna, and Silverscript Merger Information
Updated 2/3/2019
With numerous moving parts and the expanding preparation agents are facing leading up to AEP, we wanted to make sure that the information regarding several carrier mergers and sales was clear and concise.
Below you will find information regarding contracting and certification requirements to continue to receive commissions on your book of business on the big 3 in senior insurance merger news.
What You Need to Know Right Now
Aetna Medicare Advantage
Update #1 | If you have any Aetna PDP business on the books, it will be transferred under Wellcare for 2020. Please make sure you are contracted/ready to sell with WellCare in order to maintain your commission renewals for any Aetna PDP business you have.
Update #2 | While on the certification website, a link will be provided to take you over to SilverScript for their PDP certifications. There will be no Aetna branded PDP for 2020.
Update #3 | Any 2020 Silverscript business will be paid out through Aetna. Renewal business will continue to pay as it did in the past.
Silverscript
Update #1 | In order to continue to be able to sell for 2020, as well as receive commissions – you MUST be contracted with Aetna MA. If you have Aetna MA through a different hierarchy, your SilverScript contract will be moved automatically to that hierarchy. Any current business you have will not be affected by this change and will remain under the original hierarchy.
Update #2 | While on the certification website, a link will be provided to take you over to Aetna for their MA certification
Update #3 | Any 2020 Silverscript business will be paid out through Aetna. Renewal business will continue to pay as it did in the past.
Wellcare
Centene and WellCare Announcement (October 22, 2019): https://centene.gcs-web.com/node/24646/pdf
Update #1 | Wellcare purchased Aetna’s stand alone PDP book of business. As stated above, if you have existing Aetna PDP business that you wish to continue to get paid on you need to contract and certify with Wellcare
Update #2 | Wellcare was purchased by Centene on March 27, 2019 with the merger completed on January 23, 2020. See the official press release here.
Update #3 | Centene is requiring all Wellcare agents to recontract via an email link that was sent out on July 1, 2020 (titled: Wellcare: Combined Centene Contract Now Available). The new contracting must be completed by September 30, 2020 or your broker status will be changed to suspended and you will not be eligible to recieve commissions for any prior business, including renewals.
- Click Here to access the Contracting FAQ
- Click here to access the Contracting Walk-Through
If you need to add any contracts to ensure your renewals or build your book of business give us a call at (800) 689-2800 or email contact@smsteam.net.