NAIFA urges members to oppose Medicare plan agent commission cuts, emphasizing the crucial role of licensed professionals in assisting beneficiaries with plan options and coverage. Discussions with Congress and CMS aim to highlight the potential negative impact on beneficiaries. Despite market turmoil, agents hope to secure fair compensation for 2025 sales amidst concerns over benefit changes and insurer strategies to manage costs and margins. CVS Health, Elevance Health, and Centene's WellCare have already adjusted their enrollment and commission structures in response to market shifts.
About NAIFA
Founded in 1890, the National Association of Insurance and Financial Advisors is the preeminent association for financial service professionals in the United States of America. NAIFA members, in every Congressional district and every state house, subscribe to a strong Code of Ethics and represent a full spectrum of practice specialties to promote financial security for all Americans. Complimented by its professional development and consumer divisions, the Society of Financial Service Professionals and Life Happens, the association delivers value through advocacy, service, and education.
Source:
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