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Subcommittee clears bill to equalize commissions for Medicare supplement producers
Insurance and Pharmaceuticals Subcommittee, Health and Government Operations Committee · March 28, 2025
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Summary
Senate Bill 556, which requires carriers to pay the same commission rates to insurance producers for Medicare supplement policies regardless of whether they are sold as underwritten policies or during open enrollment, was approved unanimously after a brief appearance by an industry witness.
Madam Chair introduced Senate Bill 556, which would require carriers to pay the same commission rates to insurance producers selling Medicare supplement policies regardless of whether the sale occurs during an open enrollment period or…
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