2021 Maximum Broker Commissions for Medicare Advantage & Medicare Part D

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.

Listen to this episode:

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.