CMS recently released Medicare Advantage and PDP fair market value broker compensation for 2024.
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Medicare Advantage (MAPD) increased 1.7% for both initial and renewals.
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Prescription Drug Plans (PDP) increased 8.7% for both initial year and renewals.
The MAPD increase for 2024 is the lowest increase since the 4.0% decrease in 2015.
Historical fair market value broker compensation for MAPD is shown below:
