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Advocacy in action blog

2 min read

NAIFA Asks CMS to Reconsider Proposal on Medicare Supplement Compensation Rules That Would Harm Consumers

By NAIFA on 1/10/24 3:11 PM

NAIFA strongly urges the Centers for Medicare & Medicaid Services (CMS) to reconsider a proposal that would change the compensation rules for professionals providing products and services related to Medicare Advantage and Medicare Part D programs.

NAIFA members help millions of individuals and employers administer and utilize Medicare plan options as well as other health plans. They are a vital part of the plan-selection process and serve as expert resources for consumers considering their Medicare plan options or looking for specific drugs and services to be covered. Agents and brokers educate clients on how Medicare works, research physician networks and prescription formularies for the plans to ensure a suitable health and drug plan is recommended, and review plan-comparison and enrollment changes annually.

Topics: Health Care Legislation & Regulations Medicare CMS Compensation Regulation
2 min read

CMS Releases New FAQs Regarding Agent/Broker Compensation for Special Enrollment Periods

By NAIFA Government Relations Team on 6/14/22 12:00 AM

On June 7, the Centers for Medicare and Medicaid Services (CMS) released a list of Frequently Asked Questions (FAQs) regarding compensation paid by issuers to agents and brokers who assist customers with enrollment during a Special Enrollment Period (SEP) or during Open Enrollment Periods (OEPs).

Topics: Federal Advocacy CMS Compensation Regulation Insurance & Financial Advisor Regulation
2 min read

Broker Compensation Disclosure Requirements

By Michael Hedge, NAIFA's Director of Government Relations on 12/27/21 4:39 PM

Beginning on December 27, 2021, brokers and consultants will be held to new compensation  transparency obligations under the Consolidated Appropriations Act (CAA). The CAA is a spending  and coronavirus relief package that was signed into law on December 27, 2020 and expands ERISA’s existing disclosure requirements. It broadened the definition of a “covered plan” to include group health plans (previously it only included retirement plans).

Topics: Federal Advocacy Compensation Regulation DOL Insurance & Financial Advisor Regulation
1 min read

NAIFA Georgia’s Health Insurance Agent Commission Bill Sails Through the Senate

By NAIFA on 6/29/20 8:57 AM

NAIFA-Georgia is celebrating a win. HB 716 (Insurance; carriers issuing a health benefit plan in this state through an agent shall file proposed commission rates with the department) passed the Senate unanimously on June 26. 

Topics: State Advocacy Georgia Compensation Regulation Insurance & Financial Advisor Regulation

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