MAPD & PDP Broker Compensation for 2023

CMS recently released Medicare Advantage and PDP fair market value broker compensation for 2023.

• Medicare Advantage (MAPD) increased 4.9% for both initial and renewals.

• Prescription Drug Plans (PDP) increased 5.7% for initial year and 4.5% for renewals.

The increase for 2023 is the lowest increase since 2018 when MAPD increase 2.7%.

Historical fair market value broker compensation for MAPD is shown below:

Historical fair market value broker compensation for PDP is shown below:

Source data:

• CMS.gov memos

• https://www.ritterim.com/blog/2019-maximum-broker-commissions-for-medicare-advantage-and-medicare-part-d/

• https://www.psmbrokerage.com/blog/medicare-advantage-commissions-increased-for-2018

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