MEDICARE COMMISSIONS 2024

The new commission rates for Medicare Advantage and Part D have just been released by the Center for Medicare and Medicaid Services, (CMS).

The commissions will have four different compensation rates to be paid to an independent agent or broker, depending on the state/area of the agent/broker’s activity:

 

 

  • CMS rounded the fair market value amounts for Contract Year 2024 up to the nearest dollar.
  • The initial year amount is the maximum allowable amount that organizations may pay for enrollments during compensation cycle-year 1.
  • The renewal amount is the maximum allowable amount that organizations may pay for enrollments during the compensation cycle-years 2 and beyond—for a like plan type.

 

GET CONTRACTED WITH ESSENTIAL CARE INSURANCE AGENCY

For more information, please contact our office at 347-971-3399 or send an email to rdashevskyy@essentialcare.info.

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