On May 27th, 2016, CMS announced new rates for 2017 Medicare Advantage and PDP commissions. In the majority of states, the commission rate will be $443 for beneficiaries who are new to MA, and $222 thereafter for renewals. In California and New Jersey, initial sales compensation will be $553 per application. Connecticut, Pennsylvania and the District of Columbia will be $498 for an initial enrollment. Puerto Rico and Virgin Islands will be $304. PDP compensation is $71 for the initial enrollment, with a $36 renewal rate.
This is roughly a 3.26% increase over 2016 rates. Although most carriers follow this structure, they are not required to pay the full rate. CMS’s only stipulation is that “the compensation amount paid to an independent agent or broker for an enrollment must be at or below the fair market value (FMV) cut-off amounts published yearly by CMS.”
Most carriers will announce their compensation around the same time their product certification comes out. So far United has announced their certification date, June 27th, 2016, just one week after the 2017 AHIP certification goes live. Humana is scheduled to release it’s 2017 certification modules sometime in August. Keep an eye on our calendar and blog for carrier certifications as they are released.
In the meantime, let RBI help you save $50 on the 2017 AHIP certification!
Be sure to sign up for our blog to enjoy the discounted AHIP Certification rate of $125 ($50 off the retail price of $175). As soon as AHIP goes live on June 20th, we will send you a personalized link with the $50 discount. You don’t have to wait for any carriers to get the reduced rate, and because our offer is independent of other programs, you will still remain eligible for other possible carrier reimbursement incentives.
Check out our 5-2-1 program and get the remaining $125 reimbursed!
- 5 -Make five Medicare Advantage sales with our carriers by January 1, 2017
- 2 -Contract with at least 2 of our Medicare Advantage carriers
- 1 -Receive your reimbursement check for $125
It’s as simple as that! Once you’ve met the reimbursement criteria, every five additional sales submitted thereafter will earn you a 1,000-piece mailer for only $300. That’s a $125 discount off of our regular price and a great way to jump start your 2017 sales with fresh direct mail leads.
Learn how to ACE the AHIP by attending our Webinar!
If you find yourself struggling with the AHIP exam, let us help! We are holding weekly webinars on “How to Ace the AHIP exam”
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