Introduction:
It appears HHS and CMS are taking action with Medicare Advantage plans and their payments to brokers selling Advantage plans. They allowed Kaiser Family Foundation healthcare to republish a Modern Healthcare article. I am lucky enough to have access to and republished at Angry Bear.
According to the article, “insurers increasingly not only pay commissions to brokers and agents but also contract with field marketing organizations that pay the same marketers.” A double dipping of fees. CMS’s rule rectifies the issue by establishing a standardized compensation limiting whether a field operation is involved or not.
Medicare Advantage has been overpaying insurance companies offering the plans for years now. Maggie Magar, Kip
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