A Thriving, Reputable, and Recession-Proof Industry continues to increase Broker Commissions for the 8th year in a row!
Medicare Advantage Maximum Broker Commissions
Note that while we will the Maximum Broker Commission for Medicare Advantage, each carrier may vary on their commission amounts. These amounts will be made available when they release their filings.
For CA and NJ, initial Medicare Advantage commissions increased from $715/member/year to $750/member/year, a 4.9% increase year over year. Renewal commissions increased from $358/member/year to $375/member/year, leading to a 4.75% increase.
For CT, PA and DC, initial Medicare Advantage commissions increased from $646/member/year to $678/member/year, a 4.95% increase year over year. Renewal commissions increased from $323/member/year to $339/member/year, leading to a 4.95% increase.
For Puerto Rico and the U.S. Virgin Islands, initial Medicare Advantage commissions increased from $394/member/year to $411/member/year, a 4.31% increase year over year. Renewal commissions increased from $197/member/year to $206/member/year, leading to a 4.57% increase.
Nationally outside of the above mentioned states, medicare advantage commissions increased from $573/member/year to $601/member/year, a 4.89% increase year over year. Renewal commissions increased from $287/member/year to $301/member/year, leading to a 4.88% increase.
Medicare Part D Maximum Broker Commissions
Initial commissions increased from $87/member/year to $92/member/year, a 5.75% increase year over year.
Renewal commissions increased from $44/member/year to $46/member/year, a 4.55% increase year over year.
Are you looking to get started in the Medicare Sales Industry? Call or Text us here Agent Support: (346) 233-1992 or email us at contracting@keystonema.com we would love to walk you through the benefits and why Keystone is the right partner to get you started!