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Broker News | November 2018 | Vol. 13 No. 11
Broker News | November 2018 | Vol. 13 No. 11

New Broker Commission Programs for 2019

Beginning on January 1, 2019, three new broker commission programs will go into effect for Medicare Supplemental, Prescription Drug Plan, and Existing Dental Groups.

Medicare Supplemental and Prescription Drug Plan

  • Five percent (5 %) broker commission on all Medicare Supplemental plans, new and existing
  • Five dollar ($5.00) Per Contract Per Month (PCPM) broker commission for Simply Prescription plans, new and existing
  • To be eligible brokers must be appointed, state licensed, and trained on our products
  • Schedule will be effective 1/1/2019 for all of the Excellus BlueCross BlueShield regions
  • Pending DFS approval

 

Existing Dental Groups

  • Removal of growth (+1) qualification on existing dental business
  • All Community and Experience rated dental groups  (new and existing) will be paid on the following scale based on paid premium:
Base Dental Commission: Community and Experience Rated
Cumulative YTD Premium Commission Cumulative YTD Premium Commission
First $20,000 12%
$20,001 – $30,000 10%
$30,001 - $40,000 8%
$40,001 - $50,000 6%
$50,001 - $100,000 5%
Greater than $100,000 2%
  • Schedule will be effective January 1, 2019
  • Pending DFS approval


 

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