This notification provides Contract Year (CY) 2024 compensation limits for agents and brokers.
As provided in 42 C.F.R. §§ 422.2274(d)(2) and 423.2274(d)(2), the compensation amount an organization pays to an independent agent or broker for an initial enrollment must be at or below the fair market value (FMV). 42 C.F.R. §§ 422.2274(d)(3) and 423.2274(d)(3) limit renewal Compensation to a maximum of 50% of the FMV.42 C.F.R §§422.2274(f) and 423.2274(f) limit the amount of organization may pay for referrals.
Each year, CMS publishes the FMV amounts for initial and renewal compensation as well as referral fees. The amounts are as follows:
Fill out the form below or call 800-852-7152 to get contracted and ready to sell for the 2024 Medicare Annual Enrollment Period!