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Medicare Blog | Medicare News | Medicare Information

Social Security Administration Expands Online Medicare Enrollment Process on SSA.gov

Posted by www.psmbrokerage.com Admin on Fri, Jun 12, 2020 @ 04:04 PM

Tags: Medicare, Social Security, COVID-19

2021 Medicare Advantage and Part D Commission Rates

Posted by www.psmbrokerage.com Admin on Wed, Jun 03, 2020 @ 09:44 AM

Medicare Advantage and Part D Commission Rates


Medicare Advantage Organizations, Prescription Drug Plan Sponsors, Section 1876 Cost Plans, and Medicare-Medicaid Plans

SUBJECT: Contract Year 2021 Agent and Broker Compensation Rate, Referral/Finder’s Fees, Submissions, and Training and Testing Requirements

This memorandum provides contract year (CY) 2021 compensation and referral/finder’s fee limits for agents and brokers, directions for submitting amounts into the Health Plan Management System (HPMS), as well as training and testing requirements.

Compensation Rates and Referral/Finder’s Fees for CY 2021

As provided the compensation amount an organization pays to an independent agent or broker for an enrollment must be at or below the fair market value (FMV) cut-off amounts published yearly by the Center for Medicare and Medicaid Services (CMS).


The CY 2021 FMV cut-off amounts for all organizations are as follows:

Maximum Broker Compensation for 2021
Medicare Advantage Maximum Broker Compensation for 2021

Agent Fair Market Value Payment History:
Agent Fair Market Value Payment History

NOTE: The FMV amounts for CY 2021 may be rounded to the nearest dollar. The Initial Year amount is the maximum allowable amount that organizations may pay for enrollments during compensation cycle-year 1.

The renewal amount is the maximum allowable amount that organizations may pay for enrollments during compensation cycle-years 2 and beyond.

 

Additional Updates:
 

Tags: Medicare, Part D, medicare advantage enrollment,

Biden’s ‘Medicare At 60’ Gains Momentum In Coronavirus Era

Posted by www.psmbrokerage.com Admin on Mon, Jun 01, 2020 @ 02:04 PM

Tags: Medicare, Retirement Planning, COVID-19

Seniors Will Pay Less For 2020 Medicare Premiums, Study Finds

Posted by www.psmbrokerage.com Admin on Fri, May 29, 2020 @ 02:56 PM

Tags: Medicare, Retirement Planning

Medicare enrollment complicated by the pandemic

Posted by www.psmbrokerage.com Admin on Fri, May 29, 2020 @ 02:31 PM

Tags: Medicare, COVID-19

The coronavirus economy could make a Medicare buy-in more popular

Posted by www.psmbrokerage.com Admin on Fri, May 22, 2020 @ 01:52 PM

Tags: Medicare, COVID-19

How Much Could Medicare Beneficiaries Pay For a Hospital Stay Related to COVID-19?

Posted by www.psmbrokerage.com Admin on Wed, Apr 15, 2020 @ 08:01 PM

Tags: Medicare Advantage, Medicare, Medicare Supplement, COVID-19

Enrolling in Medicare During the Coronavirus Emergency

Posted by www.psmbrokerage.com Admin on Tue, Apr 14, 2020 @ 04:14 PM

Tags: Medicare, COVID-19

Medicare Flexes And Changes To Meet The COVID-19 Challenges

Posted by www.psmbrokerage.com Admin on Tue, Apr 07, 2020 @ 02:00 PM

Tags: Medicare Advantage, Medicare, Part D, COVID-19

Medicare Advantage plans will get a 1.66% pay bump for 2021

Posted by www.psmbrokerage.com Admin on Tue, Apr 07, 2020 @ 01:54 PM

Tags: Medicare Advantage, Medicare, Part D

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