Broker Compensation

Savoy is a true general agency, therefore, brokers get paid the same commission dollars 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.

Group Business Broker Commissions

The commissions rates included in the documents below apply to new and renewal business in calendar year 2018 unless otherwise noted.
Specialty Benefits Commissions—Group Ancillary Products & Worksite Marketing

For details on Specialty Benefits commissions, please contact Michael Castrillon, Director, Specialty Benefits, via ancillary@savoyassociates.com.

Savoy Clean Case Bonus Program

Savoy's Clean Case Bonus is our way of rewarding brokers for high quality submissions. The amount of the bonus is based on the number of enrolled employees. Bonuses are paid on a quarterly basis. Eligible carriers and qualification details are included in the documents below.  

Carrier-Sponsored Bonus Programs

 

New York

Carrier Bonus Details
Cigna Supplemental Benefits:
Trip to Bermuda
(3/1/18 - 4/28/19)
EmblemHealth New Medical Sales Contest:
Baseball Clinic with Mariano Rivera
(10/1 – 12/31/18)
Medova Healthcare Lifestyle Health Plans New Business
5+ employees (11/1/18 – 1/1/19)
Prestige 20+ employees (7/1 – 9/30/18)

New Jersey

Carrier Bonus Details
Aetna Medicare Supplement
(1/1/18 - 12/31/18)
Aetna Funding Advantage 5 - 50 employees (2/1/18 - 1/1/19)

Groups Underwritten Using IMQs
5 - 50 employees (11/1/18 - 1/1/19)
AmeriHealth AmeriHealth Administrators
Self-funded, 50 - 1,000 employees
(10/1/17 – 10/1/18)


Small Group (SEH) New and Retention
(Sept. - Dec. 2018)
APEHP / QualCare Community Care Network
New Business
Cigna Supplemental Benefits:
Trip to Bermuda
(3/1/18 - 4/28/19)
Delta Dental Fully-insured 10-1,000
PPO Plus or PPO Plus Premier
(Nov. – Feb. 2018)
Horizon BCBSNJ New Medical and Dental Sales
(1/1 – 3/31/19)
Medova Healthcare Lifestyle Health Plans New Business
5+ employees (11/1/18 – 1/1/19)
Prestige 20+ employees (7/1 – 9/30/18)
UnitedHealthcare Medical and Specialty
(1/1/18 - 12/31/18)

Pennsylvania

Carrier Bonus Details
Aetna Medicare Supplement
(1/1/18 - 12/31/18)
Aetna Funding Advantage 5 - 50 employees (2/1/18 - 1/1/19)

Groups Underwritten Using IMQs
5 - 50 employees (11/1/18 - 1/1/19)
Cigna Supplemental Benefits:
Trip to Bermuda
(3/1/18 - 4/28/19)
Medova Healthcare Lifestyle Health Plans New Business
5+ employees (11/1/18 – 1/1/19)
Prestige 20+ employees (7/1 – 9/30/18)

Delaware

Carrier Bonus Details
Aetna Funding Advantage 5 - 50 employees (2/1/18 - 1/1/19)

Groups Underwritten Using IMQs
5 - 50 employees (11/1/18 - 1/1/19)
Cigna Supplemental Benefits:
Trip to Bermuda
(3/1/18 - 4/28/19)
Medova Healthcare Lifestyle Health Plans New Business
5+ employees (11/1/18 – 1/1/19)
Prestige 20+ employees (7/1 – 9/30/18)

 

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