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Medicare PDP Commissions

July 14, 2022

Medicare PDP commissions are regulated by CMS and typically change each year. Medicare PDP is also called a Part D prescription-drug-plan or stand-alone prescription drug plan. It is one of the ways Medicare beneficiaries can sign up for Medicare coverage for their prescription drugs. A Prescription drug plan can be purchased on top of the Original Medicare coverage as well alongside a Medicare Supplement Plan. Some beneficiaries who have MAPD (Medicare Advantage) plans include part d that covers their prescriptions. In those cases, a stand PDP plan would not need to be purchased.

What are the 2023 PDP COMMISSIONS?

The Centers for Medicare and Medicaid which is also known as CMS has come out and announced the new maximum commissions for 2023 for Medicare Part D plans. With a constant streak of commissions going up year after year, Medicare agents are continuing to see rewards for their work and retaining their beneficiary clients. The 2023 commissions have significantly jumped over five percent year after year in the initial enrollment. CMS has also increased the renewal commissions year after year toward 4.55% annually. In other words, commissions will increase from $87 annually per member to $92 per member annually and the renewals will arrange from $44 per member to $46 per member.

How Can we help you?

Pinnacle Financial Services is a full-service “FMO” that offers you the best technology in the business while giving you options as well. We are the only FMO in the country that offers both electronic enrollment platforms: Connecture and Sunfire. When you are contracted, certified, and ready to sell; both platforms are free of charge for our agents. You will be then able to utilize our tools to check out and then enroll your Medicare beneficiary. You will be able to narrow it down to the best PDP for your client. There are no sales quotas or commitments that you need to make to us as we just want to help you grow your business. We have some of the best opportunities to help agents grow as well as receive individualized attention.

The Pinnacle Medicare team is always available to assist so give us a call!  If you are interested in more information, please do not hesitate to give your sales director a call here. Join us at the top!

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Jessica Strauss

Jessica Strauss

Director of Sales | Health

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

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