NEWS & INSIGHTS AT THE FOREFRONT OF OUR INDUSTRY Gilsbar Announces New Consultant Incentive Starting July 1, 2021 Jun 8th, 2021 For groups moved to Gilsbar effective 07/01/2021 and later, a new incentive program is available. For medical and wellness groups moved to Gilsbar effective 07/01/2021 and later, Gilsbar is excited to announce a new consultant incentive program. Details are provided below: NEW SALES Tier 1: Average of 250 lives placed with Gilsbar, the consultant will receive an incentive of 5% of the total PEPM for the first 12-months Tier 2: Average of 500 lives placed with Gilsbar, the consultant will receive an incentive of 12.5% of the total PEPM for the first 12-months Tier 3: Average of 1,000 lives placed with Gilsbar, the consultant will receive an incentive of 25% of the total PEPM for the first 12-months RENEWAL Tier 1: Average of 250 lives renewed with Gilsbar after initial contract period the consultant will receive an incentive of 2.5% of the total PEPM for the first 12-months of the renewal period Tier 2: Average of 500 lives renewed with Gilsbar after initial contract period, the consultant will receive an incentive of 5% of the total PEPM for the first 12-months of the renewal period Tier 3: Average of 1,000 lives renewed with Gilsbar after initial contract period, the consultant will receive an incentive of 10% of the total PEPM for the first 12-months of the renewal period An example of the incentive program at work is provided below. Consultant brings Gilsbar a 250-life group in Q1 2022 with an annual PEPM revenue of $70,890. The average number of lives is 250, Tier 1, so the consultant receives 5% of revenue, or $3,545. In Q2 the consultant brings Gilsbar a 400-life group with annual revenue of $113,424. The average number of lives is now 325, Tier 1, so the consultant receives 5% of revenue, or $5,671. In Q3 the consultant brings Gilsbar a 1,000-life group with an annual revenue of $265,860. The average number of lives is now 550, Tier 2, so the consultant receives 12.5% of revenue, or $33,233. In Q4 the consultant brings Gilsbar a 300-life group with an annual revenue of $85,068. The average number of lives is now 488, so the consultant moves back to a Tier 1 and receives 5% of revenue, or $4,253. Total consultant bonuses paid in this year is $46,702. Kim Randazzo, Gilsbar’s Senior Director of Client Services, shared, “This is the first time we’ve offered something like this to our consultant partners. Despite a pandemic, Gilsbar has been growing and is continuing to grow, and we’d like to share that success with our partners. We have always valued these relationships and this is another way we can show our appreciation.” For more information, please contact a Gilsbar Sales Representative at ebsalessupport@gilsbar.com. *Total lives added and incentives earned will be calculated and paid quarterly. The maximum incentive a consultant can receive is $100,000 within a 12-month period from the first effective date of the incentive earned. The average number of lives is based on new lives effective 7/1/21 or later that the consultant holds with Gilsbar at the time the incentive is calculated. Some groups may not be eligible for the incentive. OUR LOCATION 2100 Covington Centre Covington, LA 70433 OUR COMPANY About Us News Careers myGilsbar Contact us NEWS & INSIGHTS Gilsbar Introduces New Digital Wellness Program Since Spring 2020, companies have changed how they work and how they do business. Employees have come to the realization that working in an office on a daily basis may not be the most efficient way for them to work. They are also seeking out employers that offer more competitive wages and additional perks that they can take advantage of while working in a nontraditional environment. READ MORE STAY IN THE LOOP Enter your email address to receive future, resource-filled communications from Gilsbar. SUBMIT You can opt-out at any time by clicking the Unsubscribe link in our emails. TERMS OF USE | PRIVACY STATEMENT COPYRIGHT © 2014-2021 BY GILSBAR