|
Fixed Funding Solutions broker bonuses and employer incentives
If you’re not already looking at Fixed Funding Solutions for your clients, now’s a great time to start. We’re pleased to announce the launch of several broker and employer incentives for new Fixed Funding Solutions groups with July 1, 2021 through December 1, 2021 effective dates.
New Broker Bonus
| • |
$100 per employee enrolled at time of sale in any Fixed Funding Solutions large and small group plan.
|
More competitive pricing
| • |
We’re dedicated to lowering prices whenever possible with more adjustments being implemented for July 1 and beyond.
|
Implementation Credits for New Groups
| • |
Extension of the small group Fixed Funding Solutions employer transition credit of $100 per enrolled employee at the time of sale.
|
| • |
New large group Fixed Funding Solutions transition credit of $150 per enrolled employee at the time of sale.
|
| • |
Eligibility begins at effective date.
|
Surplus guarantee if Fixed Funding Solutions plan is renewed
| • |
New one-time guaranteed minimum surplus amounts based on employees enrolled in any Fixed Funding Solutions product, credited at 90-150 days after renewal*:
| o |
10 - 14 enrolled employees = $1,500 minimum surplus
|
| o |
15 - 24 enrolled employees = $2,000 minimum surplus
|
| o |
25 - 50 enrolled employees = $5,000 minimum surplus
|
| o |
51 - 100 enrolled employees = $8,000 minimum surplus
|
|
Example: A 13-life group with an August 2021 effective date realizes a $1,000 surplus for plan year. This group would be credited an additional $500.
*Based on average number of employees over duration of the plan year.
Restrictions apply. This material is not a contract. Incentives can be terminated or modified at any time without notice.
New plans for Large Fixed Funding Solutions clients
Effective July 1, 2021, Fixed Funding Solutions for large groups (51+) will include five new plans for a total of 10. These new plans are specially designed to meet the needs of your large group clients.
WellSpark℠ wellness rewards
Fixed Funding Solutions plans also include built-in wellness rewards of $100 per covered member over the age of 18 for groups with 5-99 enrolled employees. It’s a win-win – learn how WellSpark can benefit your clients while helping to improve the health of their employees.
Fixed Funding Solution plans are self-funded by the employer.
If you have questions, please contact your ConnectiCare account representative or the broker services team at 800-723-2986 (TTY: 711).
|
