The Medicare system, including various Medicare Advantage and Medicare Part D plans, can be very confusing to beneficiaries and older Americans exploring their healthcare options. The guidance of experienced, licensed professionals is often indispensable. NAIFA President Doug Massey recently sent a letter to the chairmen and ranking members of the House Ways and Means Committee, Subcommittee on Health, and Subcommittee on Oversight outlining the role of the agent and suggesting ways Congress can strengthen consumer protections while preserving access to professional guidance.
1 min read
NAIFA President Massey Urges Congress to Protect the Role of Agents in Medicare Advantage Planning
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Topics: Medicare CMS Congress Medicare Part D
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NAIFA Advocates for Stability in Medicare Advantage and Part D Markets
Medicare Advantage and Medicare Part D consumers rely on agents and brokers to help them understand and make informed decisions about these often complex products. Yet, ongoing instability in the marketplace and uncertainty about compensation for agents and brokers are making it difficult for professionals to give critical guidance to their clients.
NAIFA has joined NABIP, HAFA, the Big I, and the CIAB in asking Congress to address these challenges.
Topics: Medicare Congress Medicare Part D
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NAIFA Is Tuned In to the Future of Medicare
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.
Topics: Medicare Medicare Part D
2 min read
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.
