2024 Maximum Broker Commissions for Medicare Advantage & Medicare Part D

Curious to know what you could make next year selling Medicare Advantage and Medicare Part D? CMS just released the maximum broker commissions for 2024, and they’ve increased for the ninth year in a row!

Stay up to date on your potential earnings for Medicare sales. We’ve spelled out all the details below.

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Note: Insurance providers are not required to pay the maximum Medicare commission rate. We’ll let you know when insurance companies release their 2024 filings.

Medicare Part D Maximum Broker Commissions

Initial commissions increased from $92/member/year to $100/member/year, a 8.7% increase YOY.

Renewal commissions increased from $46/member/year to $50/member/year, a 8.7% increase YOY.

Medicare Advantage Maximum Broker Commissions

These numbers are broken out by state/region.

For CA and NJ, initial MA commissions increased from $750/member/year to $762/member/year, a 1.6% increase YOY. Renewal commissions increased from $375/member/year to $381/member/year, a 1.6% increase.

For CT, PA and DC, initial MA commissions increased from $678/member/year to $689/member/year, a 1.62% increase YOY. Renewal commissions increased from $339/member/year to $345/member/year, a 1.77% increase.

For Puerto Rico and the U.S. Virgin Islands, initial MA commissions increased from $411/member/year to $418/member/year, a 1.7% increase YOY. Renewal commissions increased from $206/member/year to $209/member/year, a 1.46% increase.

In all other states, initial MA commissions increased from $601/member/year to $611/member/year, a 1.66% increase YOY. Renewal commissions increased from $301/member/year to $306/member/year, a 1.66% increase.

Here’s a chart comparing the Medicare maximum broker commissions for 2023 vs. 2024.