|New small business bonus when you sell medical and specialty benefits products
You can earn up to a $25,000 bonus for placing small group Humana medical and specialty plans with effective dates of coverage between July 1, 2010 and Jan. 31, 2011. Bonus applies to groups with 2-99 eligible employees. Here’s how to qualify:
Humana medical products:
- $20,000 for placing 20 or more cases
- $10,000 for placing 10 cases
- $3,000 for placing 5 cases
Humana specialty benefits:
- $5,000 for placing 40 or more lines of coverage
- $3,000 for placing 30 lines of coverage
- $2,000 for placing 20 lines of coverage
Plus, the Underwriting Days bonus for medical cases has increased.
View bonus details (PDF)
Contact your Humana sales executive for details.
Bonus Rules and Regulations
Humana believes that agents should fully disclose to the insured or applicant the programs under which they are compensated including base commissions, bonuses, incentives or other forms of remuneration for which the agent is eligible for the sale or renewal of insurance products. Humana determines each cases effective date of coverage and eligibility for this promotion. Bonuses will be charged back for qualifying coverages that terminate before their first anniversary. The transfer of an in-force Humana coverage or placement of a renewal does not qualify for the agent for payment under this promotion. An agent of record may earn up to one bonus payment under this promotion. The number of cases and coverages placed during this promotion is measured according to agent of record listed on the employer group application, and production across agents of record will not be combined for the purposes of this promotion. Individual products are excluded from this promotion, except for those issued as part of a Workplace Voluntary Benefit offering. Cases split into subgroups to segment business units or locations are combined as one case to determine eligibility for this promotion. In cases where commissions are split between two or more producers, the case count is prorated according to the commission split percentages. All of the provisions of the Group Producing Agent or Agency Contract and Producer Partnership Plan apply to this bonus promotion. Humana may modify or terminate this promotion at any time without notice. Humana is the final arbiter of any issues related to this promotion. Bonus will be paid by the end of April, 2011.