November 8

CVS Health’s Supplemental Bonus Program

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End the year on a high note

The more you submit, the more you earn with the CVS Health Bonus

CVS Health increased the underwritten Med Supp eApp bonus to $200 and added the new Dental, Vision, and Hearing Plus product. 

$200 each

Underwritten electronic apps

$25 each

Open Enrollment Electronic apps

$25 each

Underwritten paper apps

$10 each

Open Enrollment Paper apps

To receive a payout:

  • You must submit a minimum of 5 signed applications monthly (underwritten, guaranteed issue or open enrollment)
  • Policies must be submitted by dates indicated 

Qualifying Products (ancillary/life) for CVS Health Bonus

  • NEW Dental, Vision, and Hearing Plus
  • Dental, Vision, Hearing
  • Cancer and Heart Attack or Stroke/Plus
  • Hospital Indemnity/Flex
  • Recovery Care/Nursing Facility Care
  • Home Care/Plus
  • Protection Series Final Expense
November Qualification Period
Dates

Application Date

November 1-30, 2021

Effective Date

November 1, 2021 - January 1, 2022

Issued By

December 15, 2021

Payout By

December 31, 2021

December Qualification Period
Dates

Application Date

December 1, 2021 - January 1, 2022

Effective Date

DECEMBER 1, 2021 - JANUARY 1, 2022

Issued By

February 15, 2022

Payout By

February 28, 2022

CVS Health's Bonus Program Details

Qualifying states ―
Medicare Supplement - AL, AZ, CA, FL, GA, IA, ID, IL, IN, KY, LA, MD, MI, MO, MS, NC, ND, NE, NH, NJ,
NM, NV, OH, OK, OR, PA, RI, SC1, SD, TX, UT, VA, WY
Ancillary - All of the above states; and AR, CO, CT, DE, KS, ME, MN, MT, SC, TN, VT, WI, WA, WV

Submit qualifying applications of any of the qualifying ancillary/life products and receive a $25 bonus per application (electronic and paper).

Submit a qualifying Medicare Supplement application with a qualifying ancillary product from above** and receive an additional $25 bonus per application (electronic and paper).

**Final Expense products are excluded from additional $25 bonus.

In SC both UW and OE will pay at $50.

Internal replacement is defined as a replacement of a product from one Aetna/Accendo entity/affiliate to another.

“Immediate family” shall mean a child, spouse, mother, father, sister or brother of You or Your Spouse/Domestic Partner.

Examples of “Percentage of commission earned”:

  • Medicare Supplement: 10 qualifying policies with 50% agent split (commission earned) equates to 5 policies credited towards incentive.
  • Ancillary/life: 5 qualifying policies with 50% agent split (commission earned) equates to 2.5 policies credited towards incentive.

Application date on qualifying production must be between qualification dates on prior page. Qualifying Medicare Supplement production is limited to one active policy per insured. Policies must be issued on or before dates on prior page to qualify. Internal replacements or exchanges do not count toward qualification. Business written on self or immediate family members does not count toward qualifying production. Premiums under $15 monthly EFT or $180 annually do not count toward qualifying production. Minimum production and payout will be calculated based upon percentage of commission earned for each policy. Qualifiers must maintain an 80% persistency on qualifying business. Policies must remain inforce for 90 days to avoid a chargeback. Chargebacks reconciled by December 31, 2021.

Bonuses will be paid in the same method in which you receive your standard commissions. All federal, state, and local taxes associated with the receipt
of cash are the sole responsibility of the recipient. Aetna has the exclusive right to change the program rules during the qualification period. The program is subject to all state compensation restrictions based on the issue state of the policy. Participation is based on meeting the required production levels; and the qualifier must be in compliance with all company and state marketing rules and regulations and be in good standing with Aetna and its legal entities at the time payment is made. Agents must be properly appointed and approved to sell in order to submit business. All discrepancies must be brought to Aetna’s attention within three (3) months of ending effective date indicated above. Nothing herein is to be interpreted as a desire not to receive applications for Medicare Supplement policies from consumers desiring coverage without underwriting.

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