“Unhappy Medicare Plan Issuers Zero Out Agent Commissions”

“Unhappy Medicare Plan Issuers Zero Out Agent Commissions,” by Allison Bell, ThinkAdvisor

“CVS Health’s Aetna unit and Elevance Health last week turned their backs on part of the Medicare plan market. The issuers announced Wednesday that they would stop paying commissions on new Medicare Advantage plan and Medicare Part D drug plan sales in some markets Friday. States affected include California, Connecticut, New York and Texas. One Medicare plan agent in New York state, Jerry Cohen, estimated that the commission changes have affected about 35% to 40% of his Medicare plan business.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Without agents, where do people turn for advice and guidance? Government? Look where that’s gotten us.