2023 Medicare Advantage commissions
Any agent who offers MA plans this year, will be interested in the 2023 Medicare Advantage commissions. We are happy to announce that commission for bot MAPD and PDPs have increased again this year.
The commissions are still divided into 4 areas as follows:
- In CA and NJ, the initial MA commission has increased by 4.9%. Last year, commissions for initial enrollment was $715 per member annually. This year the commission is $750 per member. The renewal commission rate has also increased by 4.75% for 2023. This means, renewal commissions have increased from $358 per member annually to $375 per member annually.
- The states of CT & PA as well as DC have had 4.95% an increase in commissions for 2023. This means in 2022 the initial enrollment MA commission was $646 annually per member and is now $676 per member. Renewal commission rates have increased from $323 per member annually to $339 per member annually.
- In both Puerto Rica and the U.S. Virgin Islands, an increase of 4.31% over last year is in place. Last year the initial MA commission rate was $394 per member and it is now $411 per member. Renewal commissions in these areas have been raised by 4.75% brining renewal payments from $197 per member to $206.
- Nationally (all other states not listed above), a 4.89% increase has been implemented for initial MA enrollments. This brings initial MA commissions up from $573 annually to $601. Renewal commissions have increased by 4.88%, this means commissions have gone up from $287 per member to $301 annually.
Click here to watch our YouTube on commission payment details
Part D commission increase:
There has been an increase of 5.75% for an initial enrollment in a Part D plan. This means; commissions have gone from $87 annually per member to $92 per member.
Additionally; renewal commissions will increase by 4.55% annually from $44 per member to $46 per member.
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Read the official CMS announcement on the increase.