The Medicare Agent Blog

CMS Announces 2022 Commission Increases for Medicare Advantage & Medicare Part D

CMS has announced increased maximum broker commissions for 2022 Medicare Advantage (MA) and Medicare Part D Prescription Drug Plan (PDP) enrollments.

The increase in broker commissions comes for the seventh year in a row, allowing for the continued growth of Medicare Advantage and PDP renewals and initial enrollments.

REMEMBER: insurance providers are not required to pay the maximum Medicare commission rate, and compensation varies by carrier. 

Here is a breakdown of the CMS commission increases for 2022.

Medicare Advantage Maximum Broker Commissions

The Medicare Advantage maximum broker commissions are broken out by state and region.

  • On a national level, MA commissions increased to $573/member/year for initial enrollments, and $287/member/year for renewals.
  • For Connecticut, Pennsylvania and District of Columbia, MA commissions increased to $646/member/year for initial enrollments, and $323/member/year for renewals.
  • For California and New Jersey, MA commissions increased to $715/member/year for initial enrollments, and $358/member/year for renewals.
  • For Puerto Rico and the U.S. Virgin Islands, MA commissions increased to $394/member/year for initial enrollments, and $197/member/year for renewals.

Medicare Part D Maximum Broker Commissions

The Medicare Part D maximum broker commissions were increased the same for all states and regions.

  • Initial enrollment commissions increased to $87/member/year.
  • Renewal commissions increased to $44/member/year.

Chart of Commission Increases for 2022

Product Region 2022 (Initial) 2021 (Initial) % Increase 2022 (Renewal) 2021 (Renewal) % Increase
MAPD
National
$573
$539
6.31%
$287
$270
6.30%
CT, PA, DC
$646
$607
6.43%
$323
$304
6.25%
CA, NJ
$715
$672
6.40%
$358
$336
6.55%
PR, U.S. Virgin Islands
$394
$370
6.49%
$197
$185
6.49%
PDP
National (All Areas)
$87
$81
7.41%
$44
$41
7.32%

Maximize Your Potential

Whether you are a new Medicare agent or seasoned Medicare veteran, the team at Trusted American Insurance Agency is here to help with providing top carrier contracts and highest levels of commissions.

Join the thousands of agents nationwide who trust TAIA to help them maximize their Medicare potential, from onboarding and mentorship to dedicated back-office and case management support. Learn more about partnering with us today.

Trusted American Insurance Agency is a National Marketing Organization (NMO) headquartered in Rocklin, CA. Trusted American provides a full range of insurance and financial services products across all 50 states for all major and niche carriers, with a specialty in the Senior Marketplace.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to the Blog

Categories

Most Popular: