Find a Local Medicare Insurance Agent

Our analysis shows the important role licensed agents play in shaping Medicare choice for beneficiaries and the extent to which carriers rely on them for growth. It also shows how the agent business model may affect beneficiary choice and overall Medicare literacy. Further, agents play an important role and medicare agent share a common interest in ensuring high degree of compliance and adherence to regulations as well as customer satisfaction. Beyond the information that beneficiaries need, advocates also expressed concern about policy changes to Medicare Advantage that do not have equivalents in traditional Medicare.

For standalone Part D plans, the 2022 maximum national commission for first-time enrollment is $87 and does not vary by region. These commissions are paid when the beneficiary first enrolls in an MA or Part D plan. Another option for Medicare recipients is to stick with Original Medicare and supplement it with Medigap coverage to help cover some of the costs of care.

It’s a really complicated process, and when people come into it, they often don’t even know what questions to ask. Agents’ and insurers’ Medicare resources are widely available online and likely to be among the first information sources seen in online searches. Agents, agencies, and carriers share a market-based interest in ensuring a high degree of compliance.

It will list everything you need to know about your partnership with the carrier, including product requirements and how you'll receive payment for your sales and renewals. Certain carriers allow you to skip the contracting process if you already sell their other products. Others require you to contract for each new product line you sell. Double-check with your point of contact at each carrier to make sure you understand the proper procedure. When it comes to considering your Medicare options, you can spend hours doing your own research or you can speak to a local, licensed agent with HealthMarkets.

That includes Medicare Advantage plans, Medicare Supplement insurance and Part D prescription drug plans. Original Medicare includes Medicare Part A and Medicare Part B. People who enroll in Original Medicare typically purchase a Medicare Part D prescription drug plan from a private insurance company. They may also purchase a Medicare Supplement Plan, also called a Medigap policy, from a private insurance company. It is important to understand that selling certain Medicare products requires special certification as determined by the Center for Medicare and Medicaid Services . CMS regulates Medicare plans, the insurance companies, agents, and agencies who sell them.

Therefore, have a wide enough variety in your portfolio so you can serve everyone. That includes not only the high-premium, low-visit-cost crowd but also those who prioritize a low premium over potentially high out-of-pocket expenses. Contract with the big ones first and then shift to their smaller counterparts once you have more experience. You need to know as much as possible about Medicare to earn policyholders' trust. Therefore, the sooner you get started, the deeper your learning will be.

There are several vendors who offer health insurance license training, and many states may require specific hours of study prior to taking the health insurance exam. There are two potential requirements you’ll need to meet to get your health insurance license to sell Medicare. We’ve created an assortment of new agent resources, free for you to download! These free tools are designed specifically for insurance agents. Boost your Medicare sales and make marketing easier and more effective. To understand how agents’ business decisions might affect a beneficiary’s plan choice, we simulated an online plan-shopping experience and compared plan choices against the options provided through Medicare.gov.

This free PDF will help guide you through the many enrollment periods, penalties and Medicare's "alphabet soup" of plans. Medicare brokers frequently sell other types of insurance — home, life, auto, long-term care — which may be of interest to you. This type of agent can only sell policies from one insurance company. Nectar draws on a variety of marketing methods to identify high-intent Medicare shoppers across several different websites. We then match the right shopper to the right agent based on the shopper's needs and the agent's portfolio.

The agent can choose the specific policies they want to sell from a multitude of providers. Currently a licensed health agent, she draws on her knowledge and more than 15 years of experience with the Medicare benefits counseling program. She also teaches health care insurance at UC Berkeley Extension and works with a non-profit, After-Innocence, that helps exonerees transition to life after wrongful incarceration. There's a wide array of software solutions available to make it easy for you to provide clear and accurate Medicare quotes for your clients. Choose one that allows you to offer quotes from several carriers at once, build in discounts, and estimate healthcare costs so they can get a full view of their options.

In some states, all Medicare Supplement plans are offered to qualified individuals under the age of 65. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or call MEDICARE to get information on all of your options. By calling the number above, you will be directed to a licensed insurance agent.