Medicare Supplement Broker Incentives- 2024 Q4 Update
Insurance companies that operate in the brokerage Medicare Supplement market typically offer per policy bonuses to encourage agents to sell their products. These bonuses generally vary by underwriting type to assist in achieving an appropriate mix of business.
Below is a listing of several incentive programs that are currently being offered. The majority of these are scheduled to be available from October 1st through December 31st.
Two key trends we are seeing:
Several carriers have increased their incentive awards to be more competitive during AEP.
Carriers continue to include bonus payments tied to sales on ancillary products (e.g., cancer and dental).
We’ll continue to monitor the market and will provide an update on available incentives in Q1.
If you would like additional details on any of these incentive programs, contact us at:
If you want to learn more about the Medicare Supplement market, download our “Future of Medicare Supplement” white paper. It’s FREE!!!
