For the seventh year running, CMS has increased the maximum broker commissions for both Medicare Advantage and Part D initial enrollments and continued the growth of maximum Medicare broker commissions for 2022 renewals.
Listen to this article:
Ritter has everything you need to know about 2022 maximum broker commissions for Medicare Advantage and Medicare Part D plans so you know what to expect this year in sales.
Note: Insurance providers are NOT REQUIRED to pay the maximum Medicare commission rate. We’ll report when insurance companies release their 2022 filings in the coming months.
Medicare Part D Maximum Broker Commissions
Initial commissions increased from $81/member/year to $87/member/year, a 7.41% increase YOY.
Renewal commissions increased from $41/member/year to $44/member/year, a 7.32% increase YOY.
Medicare Advantage Maximum Broker Commissions
These numbers are broken out by state/region.
For CA and NJ, initial MA commissions increased from $672/member/year to $715/member/year, a 6.40% increase YOY. Renewal commissions increased from $336/member/year to $358/member/year, a 6.55% increase.
For CT, PA and DC, initial MA commissions increased from $607/member/year to $646/member/year, a 6.43% increase YOY. Renewal commissions increased from $304/member/year to $323/member/year, a 6.25% increase.
For Puerto Rico and the U.S. Virgin Islands, initial MA commissions increased from $370/member/year to $394/member/year, a 6.49% increase YOY. Renewal commissions increased from $185/member/year to $197/member/year, a 6.49% increase.
In all other states, initial MA commissions increased from $539/member/year to $573/member/year, a 6.31% increase YOY. Renewal commissions increased from $270/member/year to $287/member/year, a 6.30% increase.
Here’s a chart comparing the increases from last year.
Maximum Medicare Broker Commissions for 2022
| Initial | Renewal | |||||
| Product | Region | 2021 | 2022 | % | 2021 | 2022 | % |
| MAPD | National | $539 | $573 | 6.31% | $270 | $287 | 6.30% |
CT, PA, DC | $607 | $646 | 6.43% | $304 | $323 | 6.25% | |
CA, NJ | $672 | $715 | 6.40% | $336 | $358 | 6.55% | |
Puerto Rico, U.S. Virgin Islands | $370 | $394 | 6.49% | $185 | $197 | 6.49% | |
| PDP | National | $81 | $87 | 7.41% | $41 | $44 | 7.32% |
(By comparison, Medicare Advantage commission increases ranged from 3.85% to 5.92% for 2021.)
Looking for more reasons to continue or start selling Medicare Advantage plans for the upcoming plan year? Read our post 4 Reasons Why Agents Should Sell Medicare Advantage Plans for 2024.
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