12/21/2007
Jump Start Sales Bonus Program extended through March 1, 2008
We've extended the Jump Start Sales Bonus Program for new Individual, Group and Association
business for effective dates through March 1, 2008. New business sold or renewed with an InnovaSM or EngageSM plan is rewarded under a separate Jump Start Sales Bonus Program that extends through Dec. 1, 2008, effective dates.
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Jump Start Sales Program – Individual
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Payment Amount
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Qualification Threshold
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Payment Cap
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Monthly
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Quarterly
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Monthly
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Quarterly
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$75 per paid contract
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$25 per paid contract
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Minimum of 3 paid contracts per month
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Minimum of 100 paid contracts per quarter
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$17,250 per month
Quarterly bonus will not be issued if monthly maximum payment has been paid
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- A contract is defined as a subscriber.
- Once qualification is met, payment is issued retroactive to the first contact qualified during the month.
- Monthly payment is issued one month following each contract's effective date
- Quarterly payment is issued one month following the end of the first quarter of 2008.
Group Business
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Jump Start Sales Program – Group (2 to 99 employees)
(HSA product only)
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Payment Amount
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Qualification Threshold
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Payment Cap
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$20 per enrolled employee per group
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20 new commercial medical contracts with effective dates of July 1, 2007, through March 1, 2008
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$1,980 per group
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Association Business
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Jump Start Sales Program – Group (100+ employees)
(All medical products)
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Payment Amount
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Qualification Threshold
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Payment Cap
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$20 per enrolled employee per group
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20 new commercial medical contracts with effective dates of July 1, 2007, through March 1, 2008
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$20,000 per group
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Jump Start Sales Program – Association
(All medical products)
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Payment Amount
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Qualification Threshold
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Payment Cap
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$15 per enrolled employee per group
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20 new commercial medical contracts with effective dates of July 1, 2007, through March 1, 2008
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$2,250 per group
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- A contract is defined as a subscriber/employee and is determined based on
enrollment data recorded in our system by the fifth of the following month.
- Payment will not be adjusted for enrollment received after the end of the month
of the effective date.
- Group and Association business qualify separately.
- Payment is issued once for each qualifying new group enrolled during the program period.
- Payment is issued one month after the qualification threshold is met and is retroactive
to the first group qualified during the program.
- Once qualification is met, payment is issued retroactive to the first group qualified
during the program period.
- Payment is limited to $75,000 total during the program period, but capped separately
for Group business and for each Association.
Rules
- Innova and Engage business is paid under a separate Jump Start Sales Program.
- Medicare business is excluded from this program and does not count toward qualification.
- The terms “broker” and “agent” refer to a company employing one or more producers who are appointed to sell Regence BlueShield products.
- We may, at any time, amend these rules.
Disclosure
Regence BlueShield provides this disclosure statement on our Web site and various group and member materials and forms:
If you have a broker or agent, they may receive bonuses, commissions, administrative service fees, or other compensation, including non-cash compensation, from Regence BlueShield. Incentives may be based on any of several factors, including the size of group business, the products you buy, your broker or agent's volume of business with Regence and the other services your agent or broker provides to you. These incentives may have an indirect impact on your rates. For more information, please contact your broker or agent.
For groups that require a Schedule A, all commissions, bonuses and overrides, and non-monetary compensation that you accept will be reported on that form.
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