NAIFA CEO Kevin Mayeux sat down with Senior Director for Government Relations Michael Hedge to discuss some ways the incoming administration could change the regulatory landscape surrounding Medicare and how this could present opportunities for NAIFA to get involved. Insurance professionals are crucial to helping consumers navigate the complicated Medicare plans and NAIFA is dedicated to keeping agents involved and ensuring they are properly compensated.
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NAIFA calls Medicare Advantage Organizations' compensation cuts to agents 'extremely detrimental' to beneficiaries
NAIFA tells CMS that compensation cuts may ‘run afoul’ of existing federal regulations
Topics: Medicare Press Release Medicare Part D
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Decisions to Cut Commissions on Medicare Advantage Plans Are Bad for Consumers
Here we go again! Two more insurance companies, Aetna and Anthem, have informed agents that they will no longer pay commissions on new enrollments to some Medicare Advantage plans. These announcements follow similar ones by insurers earlier this year. The most recent decisions are particularly jarring because they come in the middle of the Medicare Annual Enrollment Period, when many agents are deep into the planning process with clients.
