Announcing two broker bonus programs for new customers and renewing customers.

 

 

AmeriHealth New Jersey

 

August 2018

Small Employer Business

AmeriHealth New Jersey announces two new broker bonus programs

AmeriHealth New Jersey is pleased to announce two broker bonus programs for new customers and renewing customers with effective dates from September through December of this year. We know that our brokers are a key part of our overall success and we want to reward them for their work day in and day out to help make AmeriHealth New Jersey a successful part of the New Jersey marketplace.

Program #1 – Broker Bonus Program for small group (SEH) new business

This bonus program applies to new SEH business sold with effective dates between September 1, 2018 and December 15, 2018, and will be paid out by March 31, 2019.

Market Segment: SEH New Sales 1 – 50

Bonus Payout for New Sales September – December 2018

 

$75 per contract

 

Terms and Conditions

·     Enrolled contracts must be received prior to the effective date.

·     Applies to contracts written in all medical product lines within the small group SEH market segment with effective dates of 9/1/18 through 12/15/18.

·     The program will be applied to all general agents (GA) and producers licensed and writing business in the State of New Jersey.

·     Bonus payout will be on or before March 31, 2019, and paid directly to the qualifying GA. The GA will pass down the bonus payments to the writing producer.

·     Producers do not have to sell a minimum number of contracts in order to qualify for payout, however there is a minimum of 100 contracts sold during the program timeframe for the GA to receive any bonus payout.

·     If a GA does not qualify, all bonus dollars are forfeited including any producer bonus dollars they would have received and otherwise passed through to the producer.

·     Contracts must still be in effect at the time of payout, March 31, 2019.

·     Only new contracts underwritten or administered by AmeriHealth HMO, Inc. or AmeriHealth Insurance Company of New Jersey (collectively AmeriHealth New Jersey) will be counted and qualify for the bonus payments.

·     Broker of Record transfers during the period and customers transferred from one of AmeriHealth New Jersey's affiliated companies will not be taken into account for bonus calculation purposes. Only new, commissionable contracts sold will be included in the calculation of the number of contracts eligible for the bonus payout.

·     The bonus payout is in addition to standard commissions.

·     Bonus payments to producers will be administered by the producer's qualifying GA. Producer eligibility for bonus payments is contingent upon GA participation and 100 contract minimum being met in the bonus program.

·     Direct producers will be paid directly.

·     Only medical contracts are counted toward eligibility for this program.

·     AmeriHealth New Jersey reserves the right in its sole discretion to change the terms of the broker bonus program or to discontinue the program at any time without notice.

Program #2 – Small Group (SEH) Broker Bonus Program for retention business

This bonus program will be paid out by March 31, 2019 and applies to existing SEH AmeriHealth New Jersey customers renewed with renewal dates between September 1, 2018 and December 1, 2018.

Market Segment: SEH Existing Customers 1 – 50

Bonus Payout for Existing Contracts Renewed from September – December 2018

 

$15 per contract

 

Terms and Conditions

·     Renewal confirmation must be received prior to customer renewal date.

·     Applies to current contracts on the books with AmeriHealth New Jersey in all medical product lines within the small group SEH market segment with renewal dates of 9/1/18 through 12/1/18.

·     The program will be applied to all General Agents and producers licensed and writing business in the State of New Jersey.

·     Bonus payout will be on or before March 31, 2019, and paid directly to the qualifying GA. The GA will pass down the bonus payments to the writing producer.

·     Producers do not have to sell a minimum number of contracts in order to qualify for payout, however there is a minimum of 100 contracts sold during the program timeframe on the New Business Broker Bonus Program for the GA to receive any bonus payout.

·     If a GA does not qualify, all bonus dollars are forfeited including any producer bonus dollars they would have received and otherwise passed through to the producer.

·     Renewed customers and contracts must still be in effect at the time of payout, March 31, 2019. The count of renewed contracts will be based on data at the time of bonus payout.

·     Only existing contracts with renewal dates of 9/1/18 through 12/1/18 in the SEH market segment, underwritten or administered by AmeriHealth HMO, Inc. or AmeriHealth Insurance Company of New Jersey (collectively AmeriHealth New Jersey) will be counted and qualify for the bonus payments.

·     Broker of Record transfers during the period and customers transferred from one of AmeriHealth New Jersey's affiliated companies will not be taken into account for bonus calculation purposes. Only existing, commissionable contracts currently on the books with customer renewal dates between 9/1/18 and 12/1/18 will be included in the calculation of the number of contracts eligible for the bonus payout.

·     The bonus payout is in addition to standard commissions.

·     Bonus payments to producers will be administered by the qualifying GA. Producer eligibility for bonus payments is contingent upon GA participation and 100 contract minimum being met in the New Business Broker Bonus Program.

·     Direct producers will be paid directly.

·     Only medical contracts are counted toward eligibility for this program.

·     AmeriHealth New Jersey reserves the right in its sole discretion to change the terms of the broker bonus program or to discontinue the program at any time without notice.

If you would like more information, please contact your sales representative.

 

 

 

amerihealthnj.com

Facebook  Twitter  Linkedin

 

©2018 AmeriHealth. All rights reserved.
259 Prospect Plains Road, Bldg. M | Cranbury, NJ 08512