Savoy Associates - Health Insurance Benefit Specialists

	Broker Compensation

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, Delaware)
Savoy Associates Bonus Programs
(Clean Case Bonus)

New Business Producer Commissions

The commission rates below apply to new, total replacement business in calendar year 2012 and may be subject to change.

New Jersey

Carrier Qualifying Level Commission Rate Carrier-Sponsored
Bonus

Aetna

2 to 50 employees All paid premium 5.0% Details

51 to 100 employees All paid premium 5.0% New / 4.5% Renewal

American General Life Companies

View broker commission schedule

AmeriHealth

2 to 99 employees All paid premium 5.0% Details

Individual $9 Per Contract Per Month Details

Cigna

2 to 50 employees All paid premium 2.0%

51 to 250 employees All paid premium 5.0%

Cigna Group Insurance

View broker commission schedule

Dearborn National

View broker commission schedule

Horizon Blue Cross Blue Shield of NJ

Medical 2 to 50 employees All paid premium 4.25%

Medical 51 to 99 employees All paid premium 5.0%

Medical 100+ employees Please contact your dedicated Savoy Associates Account Executive for details.

Dental 2 to 50 employees All paid premium 7.0%

Individual $12.23 Per Contract Per Month

MetLife

View broker commissions details

Individual Basic and Essential Enhanced $3.13 Per Contract Per Month

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 schedule

UnitedHealthcare/Oxford

Medical 2 to 50 employees All paid premium 5.5%

Medical 51 to 99 employees All paid premium 5.0%

Medical 100+ employees Please contact your dedicated Savoy Associates Account Executive for details.

Oxford Benefit Management (OBM) All paid premium 10.0%

Individual Basic and Essential Enhanced $3.13 Per Contract Per Month

New York

Carrier Qualifying Level Commission Rate Carrier-Sponsored
Bonus

Aetna

2 to 50 employees HMO&POS 4.0%

PPO&EPO 5.0%

After 3/1/2012 PEPM

51+ HMO, POS, PPO Service Fee Basis

Cigna

51+ HMO, POS, PPO, Alternate Funded 5.0%

Easy Choice Health Plan of NY

2 to 50 employees HMO & POS 4.0%

51+ HMO & POS 4.0%

EmblemHealth

2 to 50 employees View broker commission schedule Details

Empire BlueCross BlueShield

2 to 50 employees Non-HMO Products 4.0%

HMO Products 3.0%

51+ Non-HMO products

First $1,000,000 of annual premium paid 4.0%

Over $1,000,000 of annual premium paid 2.5%

Commission can be a flat percentage of premium paid. Please contact your dedicated Savoy Associates Account Executive for details.

HMO products

All new and renewal 51+ business 3.0% of annual premium paid.

HealthPass

2 to 50 employees Oxford EmblemHealth EPO/EPOcs and CompreHealth 4.0%

EmblemHealth PPO/PPOcs/PPO HSA 3.0%

HIP EPOcs 6.0% first year - 4% thereafter

UnitedHealthcare/Oxford

2 to 50 employees All Medical Products 3.5%

51+ All Products 4.0%

Pennsylvania

Carrier Qualifying Level Commission Rate Carrier-Sponsored
Bonus

Aetna

2 to 50 employees All paid premium 5.5% Details

Cigna

51 to 250 employees All paid premium 5.0%

HealthAmerica

2 to 9 employees All paid premium 4.5% New / 4.0% Renewal

10 to 99 employees All paid premium 5.5% New / 5.0% Renewal

100+ employees All paid premium 3.0% New / 2.5% Renewal (negotiable)

Independence Blue Cross

2 to 99 employees Keystone $36 PEPM (Per Employee Per Month)

Personal Choice Flex Deductible and HSAs $36 PEPM

Personal Choice $44 PEPM

100+ employees Please contact your dedicated Savoy Associates Account Executive for details.

Individual Online Applications $10-$93 Per Contract Per Month

Paper Applications $7-$69 Per Contract Per Month

UnitedHealthcare

2 to 50 employees All paid premium $33 Per Employee Per Month.

51 to 99 employees All paid premium 4% - 5.5%

100+ employees Please contact your dedicated Savoy Associates Account Executive for details.

Individual All paid premium 10.0%

Delaware

Carrier Qualifying Level Commission Rate Carrier-Sponsored
Bonus

Aetna

1 to 50 employees All paid premium
5.5%

51+ employees Please contact your dedicated Savoy Associates Account Executive for details.

AmeriHealth

1 to 50 employees All paid premium
5.0%

51+ employees Please contact your dedicated Savoy Associates Account Executive for details.
Blue Cross Blue Shield of Delaware

View broker commission schedule

1 to 50 employees All paid premium
5.0%

51 to 99 employees(merit rated) First $100,000 annualized premium
4.0%

Next $100,000 annualized premium
3.5%

Annualized premium over $200,001
3.0%

100+ employees Please contact your dedicated Savoy Associates Account Executive for details.

1.0% - 7.0%

Individual 7.0%

Individual (Medicare Supplemental Plans Only)

Years 1-6 12.0% (Year 1 Bonus $100)

Years 7-10 6.75%

Years 11+ 3.75%

Cigna

51 to 250 employees All paid premium 5.0%

Coventry Health Care

1 to 50 employees 4.25%

51+ employees Please contact your dedicated Savoy Associates Account Executive for details.

UnitedHealthCare

1 to 4 employees All paid premium $8 PEPM (Per Employee Per Month)

5 to 50 employees All paid premium $23 PEPM

51+ employees Please contact your dedicated Savoy Associates Account Executive for details.

Savoy Associates Bonus Programs

Clean Case Bonus

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 submitted by 5:00 p.m. on Savoy Associates' new business deadline, 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.

Enrolled Employees Bonus

2 - 4 $25

5 - 14 $50

15 - 29 $100

30 - 50 $200