Ritter has everything you need to know about 2021 maximum broker commissions for Medicare Advantage and Medicare Part D initial enrollments.
Note: Insurance providers are NOT REQUIRED to pay the maximum commission rate. We’ll report when insurance companies release their 2021 filings in the coming months.
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Medicare Part D Maximum Broker Commissions
Initial commissions increased from $78/member/year to $81/member/year, a 3.85% increase YOY.
Renewal commissions increased from $39/member/year to $41/member/year, a 5.13% increase YOY.
Medicare Advantage Maximum Broker Commissions
These numbers are broken out by state/region.
For CA and NJ, initial MA commissions increased from $636/member/year to $672/member/year, a 5.66% increase YOY. Renewal commissions increased from $318/member/year to $336/member/year, a 5.66% increase.
For CT, PA and DC, initial MA commissions increased from $574/member/year to $607/member/year, a 5.75% increase YOY. Renewal commissions increased from $287/member/year to $304/member/year, a 5.92% increase.
For Puerto Rico and the U.S. Virgin Islands, initial MA commissions increased from $350/member/year to $370/member/year, a 5.71% increase YOY. Renewal commissions increased from $175/member/year to $185/member/year, a 5.71% increase.
In all other states, initial MA commissions increased from $510/member/year to $539/member/year, a 5.69% increase YOY. Renewal commissions increased from $255/member/year to $270/member/year, a 5.88% increase.
Here’s a chart comparing the increases from last year.
Maximum Broker Compensation for 2021
| Initial | Renewal | |||||
Product | Region | 2020 | 2021 | % | 2020 | 2021 | % |
MAPD | National | $510 | $539 | 5.69% | $255 | $270 | 5.88% |
CT, PA, DC | $574 | $607 | 5.75% | $287 | $304 | 5.92% | |
CA, NJ | $636 | $672 | 5.66% | $318 | $336 | 5.66% | |
Puerto Rico, U.S. Virgin Islands | $350 | $370 | 5.71% | $175 | $185 | 5.71% | |
PDP | National | $78 | $81 | 3.85% | $39 | $41 | 5.13% |
(By comparison, Medicare Advantage commission increases ranged from 5.41% to 5.90% for 2020.)
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