CMS 2024 Agent Broker Compensation Guidelines
CMS has released the 2024 Agent Broker Compensation Guidelines that govern the maximum allowable first year and renewal compensation for agent level Medicare Advantage (MA/MAPD) and Prescription Drug Plan (PDP) commissions.
Maximum Broker Compensation for 2024
|
|
Initial |
Renewal |
|||||
Product |
Region |
2023 |
2024 |
% |
2023 |
2024 |
% |
MA/MAPD |
National |
$601 |
$611 |
1.66% |
$301 |
$306 |
1.66% |
CT, PA, DC |
$678 |
$689 |
1.62% |
$339 |
$345 |
1.77% |
|
CA, NJ |
$750 |
$762 |
1.6% |
$375 |
$381 |
1.6% |
|
Puerto Rico, U.S.
|
$411 |
$418 |
1.7% |
$207 |
$209 |
1.46% |
|
PDP |
National |
$92 |
$100 |
8.7% |
$46 |
$50 |
8.7% |
(By comparison, Medicare Advantage commission increases ranged from 4.31% to 4.95% for 2023.)