Medicare Managers Post 2020 Producer Comp Summaries

Medicare Plan Basics

The Medicare Advantage plan program gives private carriers a chance to provide a subsidized alternative to “Original Medicare.” About 22 million of the 64 million Medicare enrollees have Medicare Advantage coverage.

The Medicare drug plan program gives carriers a chance to sell subsidized prescription drug coverage to Medicare enrollees. About 20 million Medicare enrollees get drug coverage through Medicare Advantage plans with prescription benefits, and about 25 million have stand-alone Part D prescription drug coverage.

Many Medicare enrollees combine Original Medicare coverage with Medicare supplement insurance, which is also known as Medigap coverage. About 14 million people have Medigap coverage.

The CMS Medicare plan producer comp spreadsheets give information only about producer comp in the Medicare Advantage plan and stand-alone drug plan markets, not the Medigap market.

The spreadsheets show what each plan’s minimum and maximum initial compensation and renewal compensation levels are, but not what the actual distribution of compensation payments is, or how easy or difficult it is for producers to earn the maximum compensation level.

Resources

Links to copies of the CMS Medicare plan producer compensation spreadsheets are available here.

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