Compensation Disclosure Statement for IBD Insurance, Raleigh

Call Us! 1-800-615-5980 . 919-510-5980

Compensation Disclosure Statement

IBD discloses information regarding our compensation packages in order to promote a better understanding of our business relationship with our clients. This compensation disclosure statement explains our compensation packages as they relate to you and other clients.

Base Fee Structure

In some instances, we receive compensation directly from our clients in the form of fees. These fees are contingent upon the type of service(s) provided.

Commissions

Some clients prefer to pay for our services via commissions included in their insurance plans. In many situations, the insurance carriers have commissions as part of their filing with the NC Department of Insurance and they cannot remove them. IBD will advise clients when these instances occur if they wish to pay on a fee basis.

Mixed Payment

Other clients prefer to pay with both commissions and fees. In these situations, IBD will receive commission and fees totaling an amount agreed upon by the client and IBD.

Volume-Based Bonuses

IBD also receives compensation from carriers in the form of bonuses based on our overall volume of business. These bonus payments are not included in the administrative or operating expenses of a specific group and are not attributable to the rates of any specific group. These bonuses are part of the overall marketing expense for the various insurance carriers. Prior to purchasing products from these carriers, IBD will disclose to you whether the carriers provide such incentives to us.

IBD recognizes that businesses have many different needs, and we try to provide the flexibility in our compensation practices to accommodate all needs. Should you have any questions concerning our compensation packages or how these packages may affect you, please do not hesitate to contact our office.

NC Residents only

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Products:

Health Insurance:

Blue Advantage® [?]
Blue Advantage is a PPO plan that combines the cost savings of managed care plans with the freedom of traditional plans to choose any doctor.

Blue Options HSA^SM [?]
Blue Options HSA is a high deductible health plan that can be paired with a tax-preferred Health Savings Account

Short Term^SM [?]
Health insurance for individuals and families in times of transition and change for up to a maximum of six months

Medicare:

Medicare Supplemental [?]
Supplemental health care coverage for Medicare beneficiaries enrolled in both Medicare Parts A and B

Medicare Advantage [?]
A Medicare health plan that can combine health benefits and Medicare Prescription Drug coverage all in one

Additional Products:

Dental Insurance [?]
Quality coverage available to individuals and families with no network requirements and preventive services covered at 100%

Life Insurance [?]
Low cost term life insurance available from a wide selection of the industry’s most trusted companies

IBD Insurance Services, Inc.
3733 National Drive, Suite 232, Raleigh, NC 27612
Phone: 919 510-5980
FAX: 919 510-8876
http://www.ibdinsurance.com

ibd Insurance Services, Inc. of NC is an independent authorized BCBSNC producer/agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (BCBSNC). The content contained in this site is maintained by ibd Insurance Services, Inc. of NC. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association.

® Registered mark of the Blue Cross and Blue Shield Association, ^SM Service mark of the Blue Cross and Blue Shield Association