Important PDP Commissions Update
Cigna Healthcare will start paying commissions on Medicare Prescription Drug Plans (PDP) starting in AEP 2024!
We heard your feedback and understand the value of offering Cigna Healthcare's full portfolio of products, including all of our PDPs.
This is why starting in AEP 2024, our Cigna Healthcare brokers in good standing and properly contracted will be able to sell any of our three PDPs and receive commission for their sales efforts! Here are some details:
Contracting
- Contracting for PDP will run through Cigna Healthcare MAPD contract and hierarchy. Existing MAPD agents do not need to re-contract to sell PDP since their existing MAPD contract will cover PDP.
- Agents who are not currently contracted are being directed to their upline to start the process.
- A standalone PDP contract will not be offered. Agents contracted to only sell CSB need to obtain a Cigna Healthcare MAPD/PDP contract through one of our existing MAPD partners even if an agent is only licensed in a state where Cigna Healthcare does not offer MAPDs.
- Contracting in states that are not currently part of Cigna Healthcare's MAPD footprint will be available in July.
Commissions and Admin Fees
Cigna Healthcare will pay commissions and admin fees on all three of our 2024 plans. You can expect to learn more in August when 2024 plan designs are finalized and distributed.
Plan Premiums
Since premiums depend on the CMS subsidy, we will have more details available in August.
Appointments
There will be no changes in the process of appointments. Agents in Just In Time (JIT) states will be appointed when they make their first 2024 plan year PDP sale (starting with 2024 AEP). Agents in non-JIT states will be pre-appointed.
Certification
In order to be considered 'Ready-to-Sell' Cigna Healthcare PDP plans,
- States that offer Cigna Healthcare MAPD and PDP: Contracted agents licensed in one of our MA states will need to complete the 2024 MAPD certification. A standalone PDP certification is not available.
- States that only offer Cigna Healthcare PDP: Contracted agents licensed only in states where Cigna Healthcare MAPD products are not offered will need to complete the standalone PDP 2024 certification. They will not be required to take the MA certification unless they become licensed in a Cigna Healthcare MA state.
- New Agents: Newly contracted MAPD/PDP agents must complete certification within 90 days of submitting a contracting packet or their packet will be closed.
Be on the lookout for more information to come. In the meantime, feel free to reach out to your CSB RVP should you have any questions.
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With the launch of our fully commissionable PDP products, brokers will be in the best position to support our No Wrong Door portfolio selling strategy. With this enablement, you can meet your customers’ specific needs by presenting any combination of Cigna MA, Cigna PDP, Cigna Med Supp, and other Cigna Supplemental Health and Life (SHL) products. This will also drive value and affordability for our shared customers.
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