Some ripples were sent thought the agent community last summer when the Centers for Medicare & Medicaid Services (CMS) issued guidance on agent compensation requirements for Medicare Advantage and Prescription Drug Plan (PDP) enrollments for 2015 effective dates.
Chief among the changes were that carriers were not permitted to pay commissions in advance (prior to plan effective year) for enrollments with a Jan. 1, 2015 effective date or after, including commissions for AEP applications received from Oct. 15-Dec. 7.
Agents are still paid 12-month advances on the open enrollment business,
Source of insurance-forums.net
Chief among the changes were that carriers were not permitted to pay commissions in advance (prior to plan effective year) for enrollments with a Jan. 1, 2015 effective date or after, including commissions for AEP applications received from Oct. 15-Dec. 7.
Agents are still paid 12-month advances on the open enrollment business,
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