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Health Net's Broker Incentive Program: 1% Supplemental Commission!

Dec 18, 2020

Health Net's Small Business Group broker incentive program pays 1% supplemental commission for 12 months for each new eligible small group sold in 2021.

 

Group/Membership Eligibility

  • Only new SBG plans with effective dates of 1/1/2021 through 12/31/2021 are eligible for the incentive program.
  • A Small Business Group consists of 1–100 eligible employees as defined in the Affordable Care Act (ACA).
  • Incentive is based upon medical premium level only as measured 60 days after effective date of the current contract.
  • Premium associated with dental, vision, prescription drug, life insurance plans, or COBRA coverage of any type, will not be used to calculate incentives.
  • Premium associated with small groups sold through Covered California or through the California Public Exchange will NOT be used in the calculations of any incentives associated with this program.

 

Broker Eligibility

  • Participating brokers must be in good standing with a current, signed Health Net broker contract and valid license on file.
  • Groups split with another broker for commission purposes will also be split for this incentive program.
  • General agents are excluded from participation; the credit for group business submitted via a general agent will be credited to the broker.
  • General agents are excluded from participation; the credit for group business submitted via a general agent will be credited to the individual broker.
  • Payments will be reported on 1099s and 5500s.

 

Click here to see Health Net's page listing the Small Business Group Broker Incentive Terms and Conditions.

 

For questions, please contact a member of your B&P Sales Team - 888.722.3373.

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