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CMS Announces 2021 Fair Market Value Compensation

 In News

Medicare Advantage and Part D commissions are now determined for 2021 Fair Market Value (FMV) for producer-level contracts:

Maximum Broker Compensation for 2021

Product Region Initial Year Renewal
MA National $539 $270
MA CT, PA, DC $607 $304
MA CA, NJ $672 $336
MA Puerto Rico, U.S. Virgin Islands $370 $185
PDP National $81 $41

FMV CompensationHistory

Year National CT, PA, DC CA, NJ PR PDP
2015 408/204 461/230 510/255 280/140 56/28
2016 429/215 483/242 536/268 294/147 63/32
2017 443/222 498/249 553/277 304/152 71/36
2018 455/228 511/256 567/284 312/156 72/36
2019 482/241 542/271 601/301 331/166 74/37
2020 510/255 574/287 636/318 350/175 78/39
2021 539/270 607/304 672/336 370/185 81/41

At the national level, commissions for Medicare Advantage increases by $29 and $15 for initial year and renewal, respectively. Commissions for Prescription Drug plans increases by $3 and $2 for initial year and renewal, respectively.

 

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