Important
Notice
For All
Agents
Due to important
privacy issues, United American can no longer attempt to answer
questions regarding benefits from Agents or
Managers. In order to provide better service to our
policyholders, we request that you direct the customer to our
Customer Service department at 1-800-331-2512 with any claims
questions.
Attn: All Agents
This is just a reminder
that, for persistency reasons, UA does not accept cash, money
orders, or cashier’s checks with new business as acceptable
methods of payment. In addition, UA also does not allow a bank
draft from a savings account.
2005 Medicare
Deductible
In 2005, the Part B deductible will increase to $110. Accordingly, UA’s
non-commissionable premium will increase to $109 on all policies
covering the Part B deductible with the implementation
of 2005 Medicare rate increases. Effective July 1, 2005, the
non-commissionable premium will be increased to $109 on all policies
covering the Part B deductible even if no rate increase has been
implemented. If you have any further questions regarding 2005
Medicare premiums or deductibles, visit the Department of Health
& Human Services website at www.medicare.gov.
Then, click on “What are the Medicare premiums and coinsurance
rates for 2005?”
Do Not Call
Update
The FCC ruled on Oct.
8, 2004 to require lead lists to be checked against the Do Not Call
registry every 31 days. Effective immediately, all
lead lists must be scrubbed by the UA Home Office every 31 days,
rather than every 90 days. If at any time you mention UA in your
sales approach, your lead list will need to be scrubbed by our Home
Office.
Attn: PA Agents
Effective immediately, Long
Term Care is no longer available in Pennsylvania.
Applications dated after Nov. 15, 2004 or received after Dec. 1,
2004 will not be processed.
Important Notice
For All Agents: 1099 Reporting Change
Agents who are
contracted as individuals with United American have often requested
that their commission income be paid directly to their agency or
corporation. We have honored such requests by permitting
assignment of an individual’s commissions to a third party.
When applicable, we have reported the earnings under the tax ID
number of the assignee.
Recent relevant judicial opinions,
including those of the Supreme Court as well as instructions by the
Internal Revenue Service, now require that income must be reported
to the party who provided the goods or services which generated the
income. Accordingly, we will no longer be able to issue a
Form 1099-MISC to an assigned agency or corporation. Earnings
will be reported to the individual Agent licensed with UA.
There are two exceptions. If our
contract is directly with a corporation, we will report earnings
under the corporation’s tax ID number. Secondly, if the
Agent’s existing block of business for future commissions is sold
to a third party, we will consider reporting of income to the
receiving entity upon proof of the sale and properly completed
assignment forms.
We trust that you recognize the necessity
of this change and realize that exceptions cannot be made.
Thank you for your cooperation and understanding. |
November
2004
What in the World is Q2? 