Find a Local Medicare Insurance Agent

The information you will be accessing is provided by another organization or vendor. We met with three leaders with active experience in advocating for patient protections in Medicare. We used descriptive statistics to understand what share of search results originate with different interests and organizations. We compared results against the equivalent search on Medicare.gov. Based on this analysis, two initial areas of investment could improve the decision-making experience for beneficiaries within the constraints of the existing model.

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. A good Medicare FMO will guide you through everything from compliance to Medicare sales language. E&O insurance is insurance intended to protect you should you give a client incorrect or misleading information for which they take legal action against you.

Research shows that a growing number of Medicare beneficiaries rely on online tools for at least part of their research and decision-making. Unfortunately, there are very few insurance companies that will offer you a direct contract if you're not a captive or employed agent. That means you'll need to acquire most of your independent agent contracts for selling Medicare through a Medicare Insurance field marketing organization . Also known as Medicare Part C, this coverage combines and enhances the benefits offered under Original Medicare . These plans are quite popular, with 42% of Medicare recipients enrolled in one as of 2021.

The chief differences may be something you should consider when making a decision on which professional to choose. Lamia Chowdhury is a financial content editor for RetireGuide and has over three years of marketing experience in the finance industry. She has written medicare agent copy for both digital and print pieces ranging from blogs, radio scripts and search ads to billboards, brochures, mailers and more. When adopting an advantage plan, all healthcare charges are billed through the selected provider and not directly through Medicare.

When comparing Medicare agents and brokers, it’s important to understand the two different types of agents as well — independent agents and captive agents. Once you make your choice, the broker turns you over to the insurance company or one of its agents to complete the deal. Brokers work as an intermediary between you and insurance companies.

There are several advocacy organizations, as well as State Health Insurance Assistance Programs, educating people about the entire range of issues facing Medicare beneficiaries. Enhancing these resources, which have no financial stake in plan decisions, is crucial in the existing model where beneficiaries are asked to make consequential trade-offs with imperfect information. Create a Medicare agent marketplace with a performance rating for agents. This could be managed at the state level or federal level but should be standardized across states given that agents may operate in more than one geographic area.

Then, compare it to similar plans, especially if you're new to the business and don't have existing clients with real-life budgets. 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. Once you submit contracting paperwork with a carrier, expect processing and background checks to take about seven to 10 business days. Keep in mind that turnaround time can take anywhere from four to six weeks if open enrollment is approaching. As with carrier contracting, you can gain a competitive advantage by completing your AHIP and FWA training early. This way, you won't have to spend time working through these courses as the open enrollment period approaches.

He is featured in many publications as well as writes regularly for other expert columns regarding Medicare. Compare rates side by side with plans & carriers available in your area. This article reflects the features of Nectar as of the date of publication. ‌Perhaps most importantly, Assurance relieves you of the pressure to source leads. As a result, when you receive calls, you'll be speaking with people who have already expressed interest in finding the right Medicare Advantage coverage.

When you contact us, our agents will provide you with industry-leading education to help you make an informed decision on which Medicare plans are suitable for you. Many seniors enrolled in Medicare find that they save money and enroll in a better plan when using the help of a licensed agent. Some independent agents prefer not to work through someone else's platform.