11/02/2011
Sixth-Year Commissions for Regence MedAdvantage and Part D Plans
Some of our long-time Medicare producers have asked about our position on the Centers for Medicare and Medicaid Services (CMS) guidelines on renewal commissions beyond the first five years of sold Regence MedAdvantage (MA) and Part D plans. These guidelines state that the health plan has discretion on whether to pay commission after this tenure of membership.
We want to assure our MA and Part D certified producers that we intend to pay commissions on our MA and Part D stand-alone member contracts for the life of this coverage. Of course, this is subject to the terms and conditions of our Producer Agreement and our annual contract with CMS, as you would expect.
As a reminder, in order to receive commissions for 2012 Regence MA and Part D plans sold to new clients and to receive commission for existing clients, CMS regulations require that producers are certified annually.
If you have questions, please talk with your Regence Consumer Sales contact.
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