In this episode of Healthcare Happy Hour, sponsored by RxBenefits, host David Saltzman discusses the recent decision by Centene Corporation, through its subsidiary WellCare, to stop paying commissions to agents and brokers for enrolling Medicare beneficiaries in standalone Part D drug plans. Nicole LePetri, director of public policy & advocacy at NABIP, explains the implications of this decision for agents, brokers, and consumers, and discusses NABIP's advocacy efforts in response to these changes. The conversation also touches on the future outlook for NABIP members and the importance of feedback from agents and beneficiaries.
Takeaways
- Centene's decision affects both new enrollments and renewals.
- Agents face challenges in supporting clients due to decreased commissions.
- Beneficiaries with complex needs rely heavily on brokers for guidance.
- NABIP has taken immediate action to address the issue publicly.
- Feedback from agents and beneficiaries is crucial for advocacy.
- NABIP is committed to ongoing communication with decision-makers.
- Educational sessions will be held to inform members about Medicare legislation. (Part 1: Medicare Legislative 101 webinar will be on January 9, 2025. Register here.)
- Capitol Conference is a key opportunity for advocacy and networking.
Chapters
00:00 Introduction to Centene's Commission Changes
03:04 Impact on Agents, Brokers, and Consumers
05:54 NABIP's Response and Advocacy Efforts
09:02 Future Outlook for NABIP Members and Medicare Beneficiaries
Sponsored by:
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