CMS Proposes Rule to Curb Medicare ‘Predatory Marketing, Inappropriate Steering’

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

CMS Proposes Rule to Curb Medicare ‘Predatory Marketing, Inappropriate Steering’

Rule could mean big cuts to agent commissions and increases in 2025 Medicare plan premiums.

Continue reading the Original Article.

 

[wehotex]

Insurance Forums Staff submitted a new article

CMS Proposes Rule to Curb Medicare ‘Predatory Marketing, Inappropriate Steering’

Continue reading the Original Article.

 

[wehotex]

It is probably heresy to admit that this is most likely true. When the high MGA/SGA/FMO levels are individually selling MA plans , why wouldn’t they consciously (or unconsciously) offer the MA carrier with the highest comp? I’m not implying that everyone at that level does this, but it could be enough to create a conflict of interest. If this goes through, what would happen to the extra overrides that would have gone to the higher levels? Would it be sucked up by the MA carrier or clawed back from the MA comp money given by Medicare? Could it be the beginning of the demise of the FMO hierarchies?