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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 Compensation History

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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