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Employee Benefits

Biden administration limits Medicare Advantage broker compensation

April 09, 2024 Reprints

The Biden administration has limited the compensation Medicare Advantage plans can offer brokers to curb predatory marketing, Healthcare Dive reports. The new rule expands the definition of compensation to include all actions related to the sale or enrolment of a beneficiary in an MA plan, preventing insurers from paying brokers additional fees not subject to the government's compensation cap. It also increases fixed compensation amounts for brokers by $100.

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Biden administration limits Medicare Advantage broker compensation

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