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Biden Administration Delays Medicare Agent Pay Changes Following Court Ruling

Posted by www.psmbrokerage.com Admin on Thu, Jul 18, 2024 @ 01:19 PM

Biden Administration Delays Medicare Agent Pay Changes Following Court Ruling

The Biden administration has delayed implementing a Medicare plan agent pay change that could have disrupted the upcoming Medicare annual enrollment period. This follows a Texas federal court ruling that temporarily blocks the change, and both the Centers for Medicare and Medicaid Services (CMS) and the coalitions that sued agreed to a schedule that pushes decisions on the matter beyond the January 20 presidential inauguration.

This delay increases the likelihood of a normal enrollment period for older clients. CMS initially proposed this change to address concerns about aggressive marketing strategies and market distortions caused by support service payments. By accepting the court's stay, CMS has postponed any potential impacts until 2025. However, insurers' cautious pricing approaches may result in fewer plan options and higher prices in 2025.

Our 2025 Annual Enrollment Period (AEP) Guide is here. Carefully curated and packed with valuable insights, this guide is your key to success as you navigate the upcoming enrollment season. From tips on maximizing your productivity to strategies for optimizing your performance, this essential resource has everything you need to excel during this critical time of the year. View Guide   |   View AEP Resources

 

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