A MA-PDP comp plan pays a fee that is set each year by the Centers for Medicare and Medicaid Services (CMS). The first-year commission can be paid in full or pro-rated depending on the fee, effective date, and enrollment type. Renewals always begin on January 1st following the first year. AgencyComp offers two ways to create a Medicare Comp Plan.
CMS Pre-Defined Templates - pre-built templates for all current and past Medicare plans that do not have advanced renewals. AgencyComp will automatically update fair market value renewals.
Manual Plan - works for all Medicare plans and plans that advance renewals. These are custom plans and are not automaticlly updated annually.