Important Announcement Regarding Broker Compensation
Posted on July 28, 2010
In today’s changing healthcare market, it has become increasingly challenging to stay competitive. At HNE, we are committed to working with our business partners to identify innovative solutions to these challenges. In reviewing our current broker compensation program, we’ve identified some changes that will allow this program to remain competitive while controlling administrative costs.
We provided a notice of these changes in your commission statement mailed on June 15, 2010 and the revised compensation brochures are now available. The brochures describe the compensation plan in detail, however here is a brief overview of the changes to our broker compensation program:
- We will pay compensation of $25 per enrolled subscriber per month for fully funded groups of 6 to 50 eligible employees.
- We have changed the criteria for attaining a Retention Bonus to a 90%, 95%, and 99% member retention requirement for each respective bonus percentage range.
- We have set an incentive bonus payout maximum of $150,000.
These changes are effective August 1, 2010 and will include all existing and new business accounts regardless of anniversary date.
Please contact Eric Harlow, HNE’s Broker Relations Manager at eharlow@hne.com or (413) 233-3378 to request a copy of the revised brochure.
We appreciate your support in meeting the challenges that we all face in providing our customers with access to high quality, affordable care.