Medicare Advantage Commission 2020
Medicare Advantage commission 2020 show the maximum commission amounts that agents can receive on an MA, MAPD or PDP plan for 2020. These levels are set by CMS. Keep in mind, insurance carriers are not able to pay an individual agent over the levels. Some companies may pay less than the max allowable however. Commission for products can pay out high compensation levels for agencies that have either a GA or higher contract status.
There are different types of Medicare Advantage commissions. As a result, they are paid in two payments (initial payment and tru-up) and at times can also be pro-rated. For more on how this works, you can watch our webinar here CLICK FOR RECORDED WEBINAR
Medicare Advantage commission 2020- Medicare part D drug plans
Commission has increased from $74 per member per year to $78 per member per year: 5.4% rate increase
Commission has increased from $37 per member per year to $39 per member per year: a 5.40% rate increase
Medicare Advantage commission 2020- MA and MAPD plans
Compensation is by states and regions. Most states are in the “national comp” category.
CA and NJ, Initial MA commission increased from $601 a member a year to $636 a member a year: This is a 5.82% rate increase. Renewal commission went from $301 to $318 which is an increase of 5.64%
CT, PA and DC, Initial MA commission increased from $542 a member a year to $574 a member a year: This is a 5.90% increase. Renewal commission went from $271 to $287 which is a 5.90% increase
Puerto Rico and the US Virgin Islands, will increase from $331 to $350 which is a 5.74% increase. Renewal compensation went from $166 to $175 a year which is a 5.42% increase
National comp (all other states), initial MA commissions increase from $482 to $510 which is a 5.80% increase. Renewal commissions increased from $241 to $255 for a 5.80% increase.
Medicare Advantage commission 2020- short version
- MA and Section 1876 Cost plans
- National comp is $510 initial and $255 renewal
- CT, PA and DC is $574 and $287
- CA and NJ is $636 and $318
- Puerto Rico, US Virgin Islands is $350 and $175
- PDP’s are $78 and $39
- Referral/Finder’s Fees..
- MA Plans $100
- PDP plans $25
Medicare Advantage commission 2020 – Increase since 2009