<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=302779086974399&amp;ev=PageView&amp;noscript=1"> Medicare Blog | Medicare News | Medicare Information

Medicare Blog | Medicare News | Medicare Information

Federal Court Halts Medicare Agent Pay Cap Regulations

Posted by www.psmbrokerage.com Admin on Wed, Jul 10, 2024 @ 10:59 AM


A federal judge in Texas has blocked CMS from enforcing new pay rules for Medicare agents, capping their compensation. Judge Reed O’Connor issued the ruling for nationwide relief, citing instability in the Medicare plan distribution system.

The decision aims to prevent chaos during the upcoming Medicare Advantage enrollment period starting October 15, 2024. CMS currently caps producer compensation at $611 for new plan sales and $305 for renewals, proposing a $100 increase and ending exemptions for distributor support services, which critics argue are valued at over $200 per beneficiary.

Article Link:


Newest Blog Posts  |  All Blog Posts
For agent use only. 

Tags: CMS

    Join thousands of insurance agents who receive weekly news updates and original articles.

    Follow Precision Senior Marketing on Facebook!

    Follow Precision Senior Marketing on Twitter!

    Most Popular Posts