Great News For Medicare Agents!
Compensation for 2023 Medicare plans will be increasing!
Each year, CMS publishes the FMV amounts for initial and renewal compensation as well as referral fees. The amounts are as follows:
Medicare Advantage and Section 1876 Cost Plans* | ||||
Compensation Type | National | Connecticut, Pennsylvania, District of Columbia | California, New Jersey | Puerto Rico, U.S. Virgin Islands |
Initial Year | $601 | $678 | $750 | $411 |
Renewal Years | $301 | $339 | $375 | $206 |
PDPs | ||||
Initial Year | $92 | |||
Renewal Years | $46 | |||
Referral Fees | ||||
MA Plans | $100 | |||
PDP Plans | $25 |
To view the entire memo, please click the button below.
If you have questions, call us today at 866-568-9649!
*CMS suggested rates - actual rates based on carrier and other factors.