Centene eliminates brokers’ commissions for Medicare drug plans

 

The decision by the largest Medicare Part D carrier may end up steering policyholders toward Medicare Advantage plans

Health insurer Centene will not pay any commissions to brokers and agents who help people sign up for next year’s Medicare prescription drug plans.

“We have made a difficult decision — effective Jan. 1, 2025 — to cease new and renewal commissions for [Medicare Part D plans] beginning with the 2025 plan year,” Centene’s WellCare subsidiary said last Friday in an email sent to brokers, which was obtained by STAT. 

https://www.statnews.com/2024/08/27/centene-medicare-part-d-brokers-commissions/