CMS Announces 2024 MA/MAPD/PDP Agent/Broker Commission Rates
CMS has issued the Agent and Broker Compensation Rates for 2024. As in the past 5 years or so, the commission rate has increased! For a new-to-Medicare sale, the national commission will be $611!
CMS Final Marketing Rules for 2024
On April 12, 2023, CMS issued their updated Final Marketing Rules for the 2024 contract year. Here is our summary of those rules that affect agents, sales and marketing
Senators are continuing to push for new regulations around the Pharmacy Benefit Manager (PBM) industry.
Dr. Darwin Hale, CEO of Advocate Health Advisors shares his thoughts, stating “PBM regulations are going to be a top priority for lawmakers and for federal agencies in general. Both parties obviously have strong opinions and objectives, but they agree on drug pricing and oversite. There's renewed focus on PBMs because they are an intermediary and because price transparency isn't quite where Congress would like it.”
Deadline Extension for Original Medicare Enrollment & Disenrollment
Due to ongoing phone issues in 2022 with Social Security - poor call quality, dropped calls and long wait times - they are granting "equitable relief" in the form of extended time to enroll/disenroll from original Medicare.