Complete Guide to Becoming a Medicare Insurance Agent

In an HMO, you usually must get all your care from the providers that are part of the plan and you need a referral from a primary care physician to go to specialists. An agent is a licensed professional who helps you select and enroll in a health plan. To sell a Medicare insurance plan, a Medicare agent must have a valid Insurance license in the state they are selling in.

Pick an agent or broker with excellent customer service by asking for references from previous clients. You can also contact an agent or broker to help you change plans if the one you’re enrolled in changes coverage or doesn’t meet your needs. If a Medicare policy is right for you, our team will suggest it, regardless of which company offers it. Plus, when you use our services, you’ll always have support from our agents and our Client Care Team year round.

Gain a solid understanding of what Medicare is, how it works, and the benefits available to you. Get the latest information on the yearly changes to Medicare benefits. Ask a Licensed Agent questions about your specific situation. Whether you are just turning 65, are looking to gain access to early benefits, or need to delay Medicare enrollment, your dedicated Licensed Independent Agent will review all the pros and cons. As a sales agent, you are a critical link to ensuring the members are aligned with a plan that will help meet their needs.

The agent–plan model can limit plan choice in ways that are not obvious to beneficiaries. Medicareagenttraining.com needs to review the security of your connection before proceeding. Independent AgentsIndependent agents’ income is primarily from commissions — which may be up to 50% higher than those paid to captive agents. RetireGuide’s mission is to provide seniors with resources that will help them reach important financial decisions that affect their retirement. Our goal is to arm our readers with knowledge that will lead to a healthy and financially sound retirement. Terry Turner has more than 30 years of journalism experience, including covering benefits, spending and congressional action on federal programs such as Social Security and Medicare.

To get the most up-to-date information about plans, your best option is to contact a licensed agent. A good medicare agent understands different carrier guidelines, rate increases, and limitations that Medicare beneficiaries may not be aware of. This information is acquired through years of first-hand experience and feedback from current clients, which can then be shared with potential clients and those new to Medicare. Nectar is ideal for agents who are less enthused about marketing and networking. Maybe you believe these skills aren't your forte, you're currently in the process of ramping up your marketing efforts, or you'd rather not have marketing eat up valuable selling time.

That number may be higher in urban areas and lower in rural areas. There are also wide selections of Medigap and Medicare Part D drug plans available. Prices and coverage can vary widely, and not all plans are available everywhere. BrokersOnce a broker hands off a client to an insurance company, the company pays the broker a commission. A commission varies based on each state’s insurance regulations, but it may be as high as 8% of the cost of the premiums.

These results indicate that much of the online information available to beneficiaries is owned by organizations with commercial interests. This raises important questions about the extent to which consumers are aware of the sources, potential limitations in the information, and any potential conflicts or biases that may be inherent in the source. Preferred doctorsMedicare Advantage plans have networks of preferred doctors, hospitals and other health care providers.