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!

New Business Producer Commissions

The commission rates included in the documents below apply to new, total replacement business in calendar year 2017, unless otherwise noted and may be subject to change.
 
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
EmblemHealth 101+ employees (1/1 - 12/31/17)
Prestige 50+ employees (10/1 – 12/31/17)
Solstice No minimum group size (11/1, 12/1 & 1/1 effective dates)

New Jersey

Carrier Bonus Details
Aetna Aetna Funding Advantage
(1/1/17 - 1/1/18)


Senior Supplemental Insurance
(7/1 - 12/31/17)
AmeriHealth AmeriHealth Administrators
Self-funded (50 - 1,000 employees)
10/1/17 – 10/1/18
APEHP / QualCare Community Care Network
(New Business)
Horizon BCBSNJ 51 - 499 employees (6/1 - 12/31/17)
Oscar Small Group (1/1 - 3/15/2018)
Prestige 50+ employees (10/1 – 12/31/17)
UnitedHealthcare 1-50 employees (8/1 - 12/31/17)

Pennsylvania

Carrier Bonus Details
Aetna Aetna Funding Advantage
(1/1/17 - 1/1/18)


Senior Supplemental Insurance
(7/1 - 12/31/17)
Independence Blue Cross 51-99 employees (10/1 - 12/1/2017)
Dominion National 50+ employees (10/1 - 1/1/2018)
Prestige 50+ employees (10/1 – 12/31/17)
UnitedHealthcare Southeastern PA 1-50 employees
(10/1 - 1/31/2018)

Delaware

Carrier Bonus Details
Aetna Aetna Funding Advantage
(1/1/17 - 1/1/18)
Dominion National 50+ employees (10/1 - 1/1/2018)
Prestige 50+ employees (10/1 – 12/31/17)

 

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