Plan |
Commission Rate |
Washington |
Regence Individual
Medical - Regence EvolveSM
Dental - Regence EvolveSM |
$12.00 PMPM
$2.00 PMPM
|
Commission is effective starting February 1, 2011. |
|
Medicare Supplement |
10% |
Medigap Plans
A, C, F & K (effective 6/1/2010) |
10%
|
|
MedAdvantage and Part D |
First Year Rate |
Second thru Subsequent years Rate** |
Regence MedAdvantage only |
$28.17 PMPM |
$14.08 PMPM |
Regence MedAdvantage plus Part D |
$30.17 PMPM |
$15.08 PMPM |
Asuris Medicare Script &
Asuris Medicare Script Enhanced |
$ 4.42 PMPM |
$ 2.21 PMPM |
Commission is effective starting January 1, 2012 and is subject to change upon CMS regulations. Producers must be certified annually to sell MedAdvantage and Part D plans. |
|
Group Medical
1 to 2 subscribers |
$0.00 PEPM
|
3 to 4 subscribers |
$5.00 PEPM |
5 to 9 subscribers |
$30.00 PEPM |
10 to 50 subscribers |
$30.00 PEPM |
51 + subscribers |
Negotiable |
Group Dental
1 to 2 subscribers |
$0.00 PEPM
|
3 to 4 subscribers |
$1.50 PEPM |
5 to 50 subscribers |
$3.50 PEPM |
51+ subscribers |
Negotiable |
Commission is effective starting January 1, 2012 for new groups. For existing Regence groups, commission change will occur at each group’s renewal date beginning with January 1, 2012 renewals. |
Plan |
Commission Rate |
Regence Life and Health Insurance Company |
For each such contract for which application is solicited by the Agent and accepted by the Company, the Company shall pay a commission to the Agent for all contract years in accordance with the following Commission Scale: |
Commission Scale for Group Term Life, AD&D, and Dependent Life Insurance (the same Commission Scale applies separately for Group STD) |
On the first $10,000 of policy premium |
10.0% |
On that part of premium in excess of $10,000 but not exceeding $25,000 |
7.0% |
On that part of premium in excess of $25,000 but not exceeding $50,000 |
5.0% |
On that part of premium in excess of $50,000 but not exceeding $65,000 |
3.0% |
On that part of premium in excess of $65,000 but not exceeding $250,000 |
2.5% |
On that part of premium in excess of $250,000 but not exceeding $500,000 |
2.0% |
On that part of premium in excess of $500,000 but not exceeding $1,000,000 |
1.0% |
On that part of premium in excess of $1,000,000 |
0.5% |
|
The Same Commission Scale applies separately to Group Critical Illness |
Commission Scale for
Group Voluntary Products
(except Group Voluntary Dental) |
On all amounts |
15.0% |
|
|
Commission Scale for Group LTD |
On the first $20,000 of policy premium |
15.0% |
On that part of premium in excess of $20,000 but not exceeding $50,000 |
10.0% |
On that part of premium in excess of $50,000 |
1.0% |
|
|
Commission Scale for
Group Voluntary Dental |
On all amounts |
8.0% |
Note: The commission scales shown above shall not apply to policies with negotiated commissions. |
|
|
Commission Scale for
Individual Short-Term Medical |
On all amounts |
20.0% |
|
|
Commission Scale for
Individual Dental |
1st year (on all amounts) |
15.0% |
2 + years (on all amounts) |
5.0% |
Such Commission Scales shall apply to the total amount of premium for each contract paid to the Company each year or part thereof while the Producer Agreement attached hereto is in effect. |
Such commissions shall apply only on premiums or payments paid to and received and accepted by the Regence during the term of such contracts. If any premium earned and paid to the Regence shall be adjusted because of retroactive or pro rata payments or refunds, the commission paid shall be likewise adjusted accordingly. Commissions shall not be payable on any premiums or other payment due to the Regence which are waived under the terms of a contract or other agreement with a policyholder. |
