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Commissions
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IBC 2017 4th Quarter Broker Bonus Program
Qualify by selling at least 2 new business cases with 51-100 eligible employees, and have at least 1 renewing case (in 4Q) in the 51-100 market, and earn up to $75 per subscriber. Bonus paid out in April 2018.
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Independence Updated 2017 commissions for individual business
After review of their 2017 commission schedule, offering new business commissions for only two off-exchange products is not in compliance with the current CMS regulations.
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2016 IBC Sales Sentinel User Guide
Sales Sentinel is the online tool which IBC will use to appoint and onboard new brokers, as well as maintain current broker licensing, FFM and FF-SHOP certification, and contact information. You must complete to be paid on FFM sales.
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2016 IBC Individual Commission Schedule
IBC continues their % of premium commission for 2016. This schedule includes the year 2 and year 3 commission, as well.
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IBC 2015 Producer Bonus Program (10/2015 thru 1/2016)
Bonus applies to all new business groups with 2-99 enrolled contracts with effective dates of 10/1/15 thru 1/1/16; minimum 100 contracts to be sold within that period to qualify. Starts at $25/contract up to 200 contracts, increasing from there...
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IBC 2015 ACA Open Enrollment Bonus Program
For applications sold within 2015 Open Enrollment (1/1 through 3/1 eff dates); agent must have 50 ACA members on books as of 12/1/14; per contract payout based on boook as of 3/1/15. Earn up to $50 per contract!
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2015 IBC Individual Commission Schedule
IBC continues their % of premium commission for 2015. This schedule includes the renewal commission as well.
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2014 IBC PCPM Commission Change (Group 2-99 lives)
Effective January 1, 2014, the PCPM commission for all customers with 2-99 enrolled contracts will be $39.00. The new $39.00 PCPM commission is the maximum amount that a Primary Agent may pay a producer for customers with 2-99 enrolled contracts.
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2014 IBC Individual Commission Schedule
IBC announces a new commission schedule for 2014 for individual apps sold on or off exchange. IBC has changed back to a % of premium basis for individual.
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2013 IBC Medicare Commission Schedule (GROUP)
Effective 6/1/13, IBC has changed their Medicare monthly commission schedule for Group Medicare plans (HMO 65, PC 65, Medigap, and PDP). You must be certified prior to sale in order to receive commission, with rate card stating who is selling agent.
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01.18.2013
Run for the Roses - 2013 Bonus Program
IBC sponsored bonus program where you earn $50-100 per app for small group (2-99) business sold between 2/1/13 and 7/15/2013. Top 3 producers qualify for trip to 2013 Kentucky Derby! (30 minimum contracts needed between 2/1 and 3/15/13)
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11.30.2012
Billing & Collection Agreement (300+ size)
This agreement will be required for groups with 300+ enrolled lives. As of 1/1/13 renewals, IBC will no longer include commission as part of their premium. Rather they will collect a service fee for the broker, for which this agreement is required.
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09.27.2012
Medicare Commission Schedule (GROUP)
In 2011 IBC began to pay a monthly commission for Group Medicare plans (HMO 65, PC 65, Medigap, and PDP). You must be certified prior to sale in order to receive commission, and rates card stating who is selling agent.
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05.04.2012
Renew BLUE for more GREEN - Bonus Program
Earn up to $2000 per group when you renew business with 20-99 contracts with IBC, with anniversary dates of June 1 through December 15, 2012. IBC will send B&B list of qualifying accounts.
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04.27.2012
Turn Blue into Green - Bonus Program
Earn up to $3500 per case for new business with Independence Blue Cross. IBC is offering up to $500 per case JUST to submit your quote for medical underwriting. Program runs for 6/1/12 thru 10/15/12 effective dates.
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