Humana Bundling Bonus Extended to January 2024 Effective Dates

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Humana Bundling Bonus Extended to January 2024 Effective Dates

Oct 2, 2023, 2 Minute Read

Dental Bundling Bonus

Humana has extended its Dental Bundling Bonus to include initial effective dates of coverage through January 31, 2024. To earn a bonus, sell a new Humana dental plan alongside at least one additional specialty line of coverage with the same employer group.

Groups with 5-49 eligible enrolled employees (must be at least 5 enrolled):
– $200 bonus for dental + $100 for vision + $100 for life + $300 for disability coverage.
Groups with 50+ eligible enrolled employees:
– $300 bonus for dental + $200 for vision + $100 for life + $500 for disability coverage.

Specialty Lines of Coverage

Group Term Life (Including AD&D)
Group Term Supplemental Life (Including AD&D)
Group Vision (Including Voluntary Vision)
Group Dental (Including Voluntary Dental)

To learn more, download the Dental Bundling Bonus flyer.

Specialty Growth Bonus

Intended for specialty lines of coverage of all sizes, the Humana Specialty Growth Bonus is paid once annually, within 60 days after the January 31, 2024 program end date.

2023 Enhancements

Earn new business points for each specialty line renewed with clients that currently have medical coverage. Those renewed lines will still count in your premium persistency calculation in your Specialty Growth Bonus payment.
New business points increased from .5 to 1 point per line of coverage for <10 enrolled employees.
Bonus percentage increased from 4% to 5% for plans with <25 insured lives for producers that achieve “Peak” persistency and are at the “Elite” compensation level.

Bonus Program Highlights

Tiered structure allows you to earn more as you climb to the next level.
Opportunities for selling new and retaining existing business – and for case sizes big and small.
Rewarded for multi-line sales year-over-year so you don’t have to start fresh each year.
Earn up to 7% book of business revenue.

Eligible Products

Group Term Life (Including AD&D)
Group Term Voluntary/Supplemental Life (Including AD&D)
Group Vision (Including Voluntary Vision)
Group Dental (Including Voluntary Dental)

To learn more, download the Specialty Growth Bonus flyer.

Contact us today for a Humana quote and take advantage of the bonus programs.

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Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.

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