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!

 

 

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

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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%

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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%  

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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.

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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

 

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