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51-250: Anthem's New Commission Structure Effective July 1, 2011

Apr 13, 2011


Broker Commission Structure Changes- Effective July 1, 2011


Last month, to aid in counteracting premium inflation, Anthem notified you that there would be changes to the Large Group broker commissions and they wanted to provide you with a reminder regarding these changes.
 

July 1, 2011. Anthem Blue Cross will be introducing the following changes to the commission structure for group medical business:


Specialty lines of coverage will continue to be payable on a percentage of premium basis.
 

All annual Form 5500 Schedule A's will continue to report all compensation to yours and Anthem's mutual clients. 

Last month, Anthem Small Group Business unit announced a step-down broker compensation structure for new business, with incremental reductions that account for annual premium inflation, beginning July 1, 2011.  To view that communication, please click here. 


Mitigating the Rising Cost of Care
Anthem believes that mitigating premium costs is critical to continued mutual success. This approach to broker commissions will help to counteract the effects of premium inflation, now and in the future. Anthem thanks you for your business and looks forward to your continued partnership. If you have any questions or would like to discuss, please do not hesitate to contact your b&p Group Sales Representative.

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