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Since Savoy Associates is a true general agent, brokers get paid the same
commission dollars that they would have earned had the business been written
directly with the carrier. In other words, you have access to all of
our services for free, and with no minimum production requirements!
In addition, Savoy Associates offers extremely competitive bonus programs -- and
you can qualify for at least one of them with your very first case!
-
Carrier-Sponsored Commission and Bonus Programs
(New Jersey, New York, Pennsylvania)
-
Savoy Associates Bonus Programs
(Clean Case Bonus)
The commission rates below apply to new, total replacement business in calendar
year 2010 and may be subject to change.
| AETNA |
| 2 to 50 employees |
All paid premium |
5.5% |
Northeast
Mid-Atlantic
HSA/HRA
|
| 51 to 200 employees |
All paid premium |
5.0% |
|
| AMERICAN GENERAL
LIFE COMPANIES |
| 2 or more employees |
All paid premium |
|
|
| |
Group Life |
20.0% |
|
| |
Group Dental |
10.0% |
|
| |
Group Long Term Disability |
15.0% |
|
| AMERIHEALTH |
| 2 to 99 employees |
All paid premium |
5.0% |
Details |
| Individual |
Per contract per month |
$9 |
|
| CIGNA HEALTHCARE |
| 2 to 300 employees |
All paid premium |
5.0% |
Details |
| DEARBORN NATIONAL |
| |
Group Life:
First $5,000 in paid premium |
15.0% |
|
| HEALTH NET |
| 2 to 50 employees |
All paid premium |
5.0% |
|
| 51+ employees |
All paid premium |
5.0% |
|
| HORIZON BLUE
CROSS BLUE SHIELD OF NJ |
| Medical 2 to 50 employees |
All paid premium |
4.82% |
Details |
| Medical 51+ employees |
Please contact
your dedicated Savoy Associates Account Executive for details. |
|
|
| |
|
|
|
| Dental 2 to 50 employees |
All paid premium |
7.0% |
|
| Individual |
Per contract per month |
$12.23 |
|
| MetLife |
| |
View
broker commissions details |
|
|
| OXFORD HEALTH
PLANS |
| Medical 2 to 50 employees |
All paid premium |
5.5% |
Details |
| Medical 51 to 99 employees |
All paid premium |
5.0% |
Details |
| Medical 100+ employees |
Please contact
your dedicated Savoy Associates Account Executive for details. |
|
|
| Oxford Benefit Management (OBM) |
All paid premium |
10.0% |
|
| Individual |
All paid premium |
2.0% |
|
| PRINCIPAL
FINANCIAL GROUP |
| |
Group Term Life, STD, Dental,
Voluntary Dental, & Vision: |
|
|
| |
1st $5,000 |
10.0% |
|
| |
Next $5,000 |
8.0% |
|
| |
Next $15,000 |
6.0% |
|
| |
Next $25,000 |
4.0% |
|
| |
Next $100,000 |
3.0% |
|
| |
Next $350,000 |
2.5% |
|
| |
Over $500,000 |
1.6% |
|
| |
Group Long Term Disability |
|
|
| |
1st $15,000 |
15.0% |
|
| |
Next $10,000 |
10.0% |
|
| |
Next $25,000 |
5.0% |
|
| |
Next $50,000 |
2.0% |
|
| |
Next $100,000 |
1.0% |
|
| |
Next $300,000 |
0.6% |
|
| |
Next $500,000 |
0.3% |
|
| |
Next $1,000,000 |
0.1% |
|
| SUN LIFE
FINANCIAL
|
| |
Standard Group Life Including
Optional Life, AD&D and Dependent Life (10+ Lives): |
|
|
| |
First $5,000 |
12.0% |
|
| |
Next $5,000 |
9.0% |
|
| |
Next $15,000 |
6.0% |
|
| |
Next $25,000 |
4.0% |
|
| |
Next $50,000 |
2.0% |
|
| |
Next $150,000 |
1.0% |
|
| |
Over $250,000 |
.25% |
|
| |
Standard Group Short Term Disability (10+ Lives) |
|
|
| |
First $10,000 |
10.0% |
|
| |
Next $15,000 |
7.5% |
|
| |
Next $25,000 |
5.0% |
|
| |
Next $50,000 |
2.0% |
|
| |
Next $150,000 |
1.0% |
|
| |
Over $250,001 |
0.5% |
|
| |
Standard Group Long Term Disability (10+ Lives) |
|
|
| |
First $15,000 |
15.0% |
|
| |
Next $10,000 |
10.0% |
|
| |
Next $25,000 |
5.0% |
|
| |
Next $50,000 |
1.0% |
|
| |
Standard Group Dental (3+ Lives) |
|
|
| |
First $10,000 |
7.5% |
|
| |
Next $10,000 |
10.0% |
|
| |
Next $10,000 |
4.0% |
|
| |
Next $20,000 |
3.0% |
|
| |
Next $50,000 |
2.0% |
|
| |
Next $150,000 |
1.0% |
|
| |
Over $250,000 |
0.5% |
|
| |
E-Z Choice Simple Plan Designs
|
|
|
| |
| Coverage |
First Year |
Renewal |
| Life (2-24 Lives) |
20% |
10% |
| STD (2-24 Lives) |
12% |
9% |
| LTD (2-24 Lives) |
15% |
9% |
| Dental (3-24 Lives) |
10% |
9% |
|
| THE STANDARD |
| |
View
broker commissions details |
|
|
| UNITED HEALTHCARE |
| 51+ employees |
All paid premium |
5.0% |
Details |
| Specialty Products |
|
|
Details |
Back to top
| |
ALL PAID PREMIUM |
|
|
| SMALL GROUP (2 -
50) |
| Aetna |
HMO
& POS |
4.0% |
|
| |
PPO
& EPO |
5.0% |
|
| Atlantis Health
Plan |
HMO & POS |
4.0% |
|
| CIGNA HealthCare |
HMO & POS |
4.0% |
|
| EmblemHealth |
New EPO Plans* |
5.0% |
|
|
New PPO Plans |
4.0% |
|
|
New HIP HMO
Groups |
4.0% |
|
|
New Comprehealth
Groups |
4.0% |
|
|
New POS Groups |
4.0% |
|
|
Healthy NY EPO
Groups |
4.0% |
|
|
Small Business
Advantage Plan |
3.0% |
|
|
Medicare
Supplement |
3.0% |
|
|
Direct Pay Value
Plan |
3.0% |
|
|
Smart Start |
4.0% |
|
|
New Dental
Groups |
10.0% |
|
|
* New EPO business written
in 2010 at 5% will be adjusted to pay 4% upon renewal in 2011 |
|
| Health Net |
HMO & POS |
4.0% |
|
| HealthPass |
All Medical
Products |
4.0% |
|
| Oxford Health
Plans |
POS & PPO |
4.0% |
|
| Rayant |
Dental |
10.0% |
|
| LARGE GROUP (51+) |
| Aetna |
HMO & POS |
5.0% |
|
| |
PPO |
5.0% |
|
| Atlantis Health
Plan |
HMO & POS |
4.0% |
|
| CIGNA HealthCare |
HMO, POS, &
PPO |
4.0% |
|
| Health Net |
HMO & POS |
4.0% |
|
| Oxford Health
Plans |
POS & PPO |
4.0% |
|
Back to top
| AETNA |
| 2 to 50 employees |
All paid premium |
5.5% |
|
| Independence Blue
Cross |
| 2 to 99 employees |
UNTIL 5/1/2010 -- All paid premium |
5.5% |
|
|
BEGINNING 5/1/2010 |
|
|
|
Keystone |
$36 per contract per month |
|
|
Personal Choice Flex Deductible and HSAs |
$36 per contract per month |
|
|
Personal Choice |
$44 per contract per month |
|
| 100+ employees |
Please contact
your dedicated Savoy Associates Account Executive for details. |
|
|
| Rayant |
| Dental |
All paid premium |
7.0% |
|
| UnitedHealthcare |
| 2 to 99 employees |
All paid premium |
$33 per enrolled employee per month |
|
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Savoy Associates' Clean Case Bonus is our way of rewarding brokers for high
quality submissions.
To qualify and be eligible for this special bonus, a case must be complete
and without error upon arrival at Savoy
Associates. This means that the case can be processed and an
approval letter generated by the carrier without any necessary contact to the
broker by Savoy Associates or the carrier. If any information must
be requested for case processing -- either by Savoy Associates or by the
carrier -- then the case is not eligible for a bonus.
The Clean Case Bonus is applicable only to new small group (2-50) health cases.
Broker of record, 51+, and ancillary cases are not eligible.
The amount of the bonus is based on the number of enrolled employees (see table
below). Bonuses are paid on a quarterly basis.
| 2 - 4 |
$25 |
| 5 - 14 |
$50 |
| 15 - 29 |
$100 |
| 30 - 50 |
$200 |
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