Get ready to win cash prizes for selling Medicare Supplement plans in 2024 with Ritter.
It’s even easier for you to win Ritter’s Quest for Cash Medicare Supplement sales contest this year!
How It Works
Our Quest for Cash incentive rewards agents who write and issue the most qualifying Med Supp applications throughout the year.
In an expansion from last year, in 2024, the top 20 producers each quarter will win a cash prize!
The top three producers at the end of the year will each win an additional cash bonus from the contest’s total prize pot of more than $32,000, with the top producer taking home $10,000!
Winners will be based on the number of qualifying applications each agent submits and issues through Ritter. Ties will be broken based on premium. In order to qualify, you must also be certified and ready-to-sell for at least one Medicare Advantage and Part D company (although no MA/PDP applications will count in this contest).
Applications submitted for disability/under 65 will not count. Medicare Supplement applications submitted through Humana will not count.
Quest for Cash Payouts
Here’s what you can win selling Medicare Supplements with Ritter. Remember, for each quarterly contest, an agent’s production starts over at zero apps. For the end-of-year prizes, we’ll use year-to-date totals to determine the top three producers.
Quarters 1 to 4 Prizes
| Places | Prizes |
|---|---|
| 1st | $1,500 |
| 2nd | $1,000 |
| 3rd – 5th | $750 |
| 6th – 10th | $500 |
| 11rd – 20th | $250 |
End-of-the-Year Prizes
| Places | Prizes |
|---|---|
| 1st | $10,000 |
| 2nd | $7,500 |
| 3rd | $5,000 |
Frequently Asked Questions
How will winners be determined?
Winners will be determined based on how many qualifying Medicare Supplement applications they wrote and issued. First place will be awarded to the direct-to-Ritter agent with the most qualifying Medicare Supplement apps written and issued, second place will go to the direct-to-Ritter agent with the second most apps written and issued, etc.
How will ties be broken?
Ties will be broken based on premium. If three agents wrote and issued the same number of qualifying apps, the agent with the higher premium total will win the rank. The agent with the next highest premium total will get the next rank, and the third agent will get the rank after that.
For which companies will my Medicare Supplement apps count?
Your Medicare Supplement apps will count for all participating companies* through which you’re contracted with Ritter as the direct upline. Just use our Medicare Quote Engine or Shop & Enroll to find a competitive product in your market, get contracted with Ritter, and start writing!
*Applications submitted for disability/under 65 will not count. Medicare Supplement applications submitted through Humana will not count.
I produced Medicare Supplement business through Ritter Insurance Marketing in 2023, but never received a bonus. Why not?
To qualify for the bonus, you must meet all criteria, including being ready-to-sell for at least one Medicare Advantage or Medicare Part D (PDP) plan through Ritter Insurance Marketing. It’s also possible you didn’t produce enough to qualify.
I’m a top producer, and I have top-level contracts. Can I still qualify?
Yes, you can hold top-level contracts and still qualify.
My contract is not direct to Ritter. (I have an intermediate upline.) Can I still qualify?
No, you must be direct to Ritter to qualify for this incentive.
I have an agency. Can I “pool” production from multiple agents?
No, this contest is only for writing agents who are direct to Ritter.
Will I get a 1099 for my award?
Yes, if you win the end-of-the-year prize or any other monetary prizes.
If I don’t write my Medicare Supplement business through Ritter, does it still count?
No.
Have more questions? Call us at 800-769-1847 for all of your Quest for Cash needs.
Med Supp production must be through Ritter. Producer must be direct to Ritter and certified and ready-to-sell for at least one Medicare Advantage or Part D company through Ritter. Applications submitted for disability, under 65, or certain carriers (e.g., Humana) will not count. Winners will be determined based on the number of qualifying apps they write and issue. Ties will be broken based on premium.
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