Commissions increased for the 8th year in a row! CMS 2023 Agent Broker Compensation Guidelines
CMS has released the 2023 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 2023
|
|
Initial |
Renewal |
|||||
Product |
Region |
2022 |
2023 |
% |
2022 |
2023 |
% |
MA/MAPD |
National |
$573 |
$601 |
4.89% |
$287 |
$301 |
4.88% |
CT, PA, DC |
$646 |
$678 |
4.95% |
$323 |
$339 |
4.95% |
|
CA, NJ |
$715 |
$750 |
4.90% |
$358 |
$375 |
4.75% |
|
Puerto Rico, U.S.
|
$394 |
$411 |
4.31% |
$197 |
$206 |
4.57% |
|
PDP |
National |
$87 |
$92 |
5.75% |
$44 |
$46 |
4.55% |