The Medicare Agent Blog

The Canadian Medstore Broker Training

Ready to learn how you can provide your clients with affordable prescription solutions?This training will provide valuable insights into how you can assist your clients in accessing affordable prescription medications

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TMA Membership Updates Broker Training

Join us for the TMA Membership Updates Broker Training on Friday, October 11th at 12 PM PST, hosted by Rosamaria Marrujo. This session will provide valuable insights into the new membership packages, tips for

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2025 First Looks: Humana California

Join us for our Humana California First Looks training September 27th. Get an exclusive preview of upcoming plans and changes for the next enrollment period. Stay ahead with early insights

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2025 First Looks: Wellcare California

Join us for our Wellcare California First Looks training September 26th. Get an exclusive preview of upcoming plans and changes for the next enrollment period. Stay ahead with early insights into new benefits,

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Prescription Drug Plan (PDP) Compensation Updates

As 2025 approaches, significant changes are on the horizon for Prescription Drug Plans (PDPs), largely driven by the Inflation Reduction Act (IRA). These changes include the elimination of the Coverage Gap (or “donut hole”), a new $2,000 out-of-pocket spending cap, and adjustments in cost-sharing responsibilities during the catastrophic coverage phase.

In light of these shifts, Wellcare has made the difficult decision to cease new and renewal commissions for their PDP products starting January 1, 2025. Meanwhile, Aetna’s SilverScript Choice PDP will be offered as a non-commissionable product nationwide, with renewal commissions continuing on existing commissionable business.

Stay informed and prepared as these updates will impact your approach to PDP offerings in the upcoming year.

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