CMS 2015 Final Rule Released

Written by Karan Ireland

May 19, 2014

Agents who have been anxiously awaiting the release of CMS’s Final Rule for 2015 can breathe a sigh of relief! The rule is out and, rather than the anticipated reduction in commissions, agents may actually be getting an increase!

In terms of agent/broker compensation, Renewal Compensation will be capped at 50% of the Fair Market Value (FMV) and carriers  will be required to pay out all renewals at the same rate that they initially set for the year, which cannot exceed 50% of FMV. This is up from 35% and will be applicable for enrollments effective January 2015.

Read CMS’s media release here.




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