| Note: This program has ended. It was in effect for contracts with effective dates of January 1, 2004 through June 30, 2005 for Group business and August 31, 2005 for Individual business.
Annual payment will be isssued in early 2006 for activity through the program period. For current Bonus programs, view Ovation: The Broker Recognition Program, Jump Start, and 2006 Regence Life and Health Leaders Conference.
Medical and Dental
Bonuses
New Group Bonus
This is awarded for new group medical accounts,
as follows:
| GROUP SIZE |
CASH |
| 4 to 10 |
$100 cash |
| 11 to 25 |
$250 cash |
| 26 to 50 |
$500 cash |
| 51 to 100 |
$1,000 cash |
| 101 to 199 |
$1,500 cash |
| 200 to 499 |
$2,000 cash |
| 500 to 999 |
$3,000 cash |
| 1,000 to 2,499 |
$4,000 cash |
| 2,500 or more |
$5,000 cash |
Quarterly Growth Sales Bonus
This bonus program is paid on a quarterly basis,
based on the number of members added to total membership
(employee + spouses + dependents) for group medical
and dental. Payment is based on the following:
| TOTAL NEW
MEMBERSHIP |
QUARTERLY
AWARD |
| 30,000 members
or more |
$15,000 |
| 15,000 to 29,999 |
$10,000 |
| 10,000 to 14,999 |
$8,000 |
| 3,000 to 9,999 |
$5,000 |
| 1,500 to 2,999 |
$2,000 |
| 1,000 to 1,499 |
$1,500 |
| 500 to 999 |
$1,000 |
| 250 to 499 |
$500 |
| 100 to 249 |
$250 |
2004 Individual Sales Bonus
All Individual* broker sales receive a monthly
bonus based on the monthly sales production. This is
how it works: each month, the number of newly written
paid contracts is calculated and a bonus is paid based
on the schedule below. Once the next month arrives,
the calculation starts all over again.
This bonus is in addition to commissions. To count toward
the bonus, members must have paid a minimum of the first
month's rates. The bonus is not accumulative if more
than one level is achieved. See the example below.
| NEW MONTHLY
PAID CONTRACTS |
BONUS |
| 5 |
$500 |
| 10 |
$1,000 |
| 15 |
$1,500 |
| 20 |
$2,500 |
| 25 |
$3,000 |
| 30 |
$3,500 |
| 35 |
$4,000 |
| 40 |
$4,500 |
| 50 |
$5,000 |
| 70 |
$7,000 |
| 75 |
$7,500 |
| 80 |
$8,000 |
| 100 |
$10,000 |
| 125 |
$12,500 |
| 150+ |
$15,000 |
Individual Sales Bonus Example
| MONTH |
NUMBER OF
NEW PAID CONTRACTS |
BONUS |
| January |
7 |
$500 |
| February |
13 |
$1,000 |
| March |
31 |
$3,500 |
| April |
0 |
0 |
| May |
17 |
$1,500 |
| June |
75 |
$7,500 |
| July |
120 |
$10,000 |
| August |
36 |
$4,000 |
| September |
56 |
$5,000 |
| October |
4 |
0 |
| November |
23 |
$2,500 |
| December |
99 |
$8,000 |
*Medicare Supplement and DentalOne Contracts are not
included.
Individual Year-End Bonus
This Bonus is to reward and thank you for your total
book of business. Your total Individual* contracts will
be counted for December 31, 2004. The following bonus
will be paid, based upon that calculation.
| TOTAL INDIVIDUAL
CONTRACTS ON 12/31/04 |
CASH BONUS |
| 50-99 |
$1,000 |
| 100-249 |
$2,500 |
| 250-499 |
$5,000 |
| 500-999 |
$7,500 |
| 1000+ |
$10,000 |
*Medicare Supplement and DentalOne contracts are not
included.
|
