Boom in New Business Formations:
Opportunities for Brokers

New business formation soared during the COVID-19 pandemic. According to US Census Bureau data, new business applications in California increased by 20% over 2019 in 2020 to 437,000. The trend is continuing this year. That's a lot of small group prospects that need health benefits in order to recruit employees.

The US Census Bureau has a helpful interactive chart where you can drill down to get new business formation data in your local county.

The boom in new business creation is in the news. For more information, this recent US Chamber of Commerce article provides more in-depth coverage.

Contact us today for help selling health benefits to new businesses.

Q1-2022 Updates

Cigna + Oscar (C+O) has announced updated plans and rates for 2022.

PPO plans now included in portfolio.
PPO plan options are now available with out-of-network benefits and access to the full Cigna Open Access Plus network. EPO plan options, which utilize the Cigna LocalPlus® network, also continue to be offered. No referrals are required to see a specialist, regardless of plan or network.

Cigna Open Access Plus Network
Is Cigna’s broad network offering a discounted national network with 1,000,000+ doctors, specialists, and other professionals; and 17,000+ hospital and clinical facilities. Cigna + Oscar small group PPO plans utilize the Cigna Open Access Plus Network.

Cigna LocalPlus® Network
Is a locally curated network of doctors, specialists, and hospitals providing cost-effective medical care without sacrificing the quality your clients expect. Cigna + Oscar small group EPO plans utilize the Cigna LocalPlus® Network.

For details, download the Plan Grid and explore the Open Access Plus and LocalPlus® provider networks.

Highly Competitive Rates
Rates in several rating regions are very competitive, with premiums up to 35% less than comparable plans with other carriers.

Learn more about Cigna + Oscar's networks, plan features and flexible underwriting. Contact us today for a Cigna + Oscar quote.

Broker Bonus Programs

Earn more during Q4 with Cigna + Oscar's Case Bonus and Early Submission Bonus programs. CaliforniaChoice groups are also eligible.

Case Bonus Program
Earn a $500 bonus for groups with 3+ enrolled employees. Unlimited number of accounts. Effective dates from October 1, 2021 to December 15, 2021 are eligible.

Early Submission Bonus Program
Submit your groups early and earn up to a $700 bonus for groups with 4+ enrolled employees. Unlimited number of accounts. Effective date of January 1, 2022 is eligible.

• Earn $700 for 4+ enrolled employees on cases approved between November 1-30, 2021.
• Earn $500 for 4+ enrolled employees on cases approved between December 1-15, 2021.
• Earn $350 for 4+ enrolled employees on cases approved before January 1, 2022.

Get the details.

'A Partnership That Pays' Broker Bonus Program

Place new Covered California for Small Business (CCSB) small group business (December 1, 2021 – January 1, 2022 effective dates) and earn up to a $5,000 bonus per group, in addition to competitive commissions.

You’ll earn $500 for groups with as few as 6 enrolled employees and up to $5,000 for groups with 51-100 enrolled employees. Best of all, the bonus is per group with no maximum number of groups! Learn more.

Start quoting CCSB now and take advantage of the bonus!

Q1-2022 Updates

ChoiceBuilder Q1-2022 rates are now live for quoting.

There are no benefits changes for Q1. Dental rates are being reduced by up to 10% across multiple carriers.

Available to small businesses (2-500 employees), ChoiceBuilder is the only place with the nation's premier dental, vision, chiropractic/acupuncture, and life insurance benefits in a single easy-to-manage program – with both employer-sponsored and voluntary coverage options. Plus, ChoiceBuilder can be offered alongside any medical plan.

It’s a great way to enhance your clients’ employee benefits package without the high cost of additional benefits or the difficulties of managing different services. There’s one application, one bill, and one point of contact for administration.

With more than 8,000 employers and 130,000 members across the state, ChoiceBuilder offers freedom, simplicity, and affordability.

You can find more information in the ChoiceBuilder Fast Facts and Program Highlights brochures.

Contact us today for a ChoiceBuilder quote.