What To Expect When Working With a Medicare Agent

We also provide you the trusted organizations and resources that will jump-start your business. Please contact Medicare.gov or MEDICARE to get information on all your options. Want to save money on your healthcare costs, but concerned about which of your doctors would be covered in a Medicare Advantage plan? Compliance is imperative for all of us, and we must make sure that we remain steadfast in our efforts to make compliance a part of everything we do. Wellcare is committed to making our brokers the most informed and compliant in the industry by providing the tools and resources necessary to meet this objective. In a short conversation, Ann was able to learn more about Pam’s health goals and budget.

For example, for 2022, CMS has set the maximum national commission for first-time enrollment in MA at $573 per beneficiary for most parts of the country. In California, however, the maximum first-time commission is $715. 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. Additionally, you need to acquire appropriate licenses as required by your state.

Plus, a licensed Medicare agent can help you decide which coverage is best for you based on your needs and budget. This way, you will not overspend for a plan with more benefits than you need or enroll in a plan that does not have the necessary coverage you require. A licensed Medicare agent near you will be able to give you advice based on their extensive experience enrolling beneficiaries in Medicare plans.

Nectar offers real-time Medicare leads and Medicare live call transfers— as well as life, auto, and other forms of health insurance. And unlike an employer, Nectar will never take any of your commissions. As a Medicare medicare agent insurance sales agent, your role is to help your clients prepare for the unexpected and help protect themselves from financial risks. You might have the best intentions, but sometimes things don't work out as planned.

Sometimes their doctor won’t accept Humana, so I help them understand how a PPO plan or something similar would let them stay with their current doctor. To that point, if their doctor is part of an HMO plan, we help them understand whether the HMO could actually be a better fit for their needs. However, all prospect partners MUST be licensed in their resident state, and be in good standing with the DOI.

This can be purchased though most property and casualty agencies as well as many insurance associations. If you would like some specific recommendations for Medicare FMOs, please email me directly and I’ll give you some introductions to Medicare FMOs that I trust. Access to agents all year long, not just during Annual Enrollment Period .

You can also boost your earnings by selling ancillary insurance products designed to fill in gaps in Medicare coverage. This might include long-term care insurance, hospital indemnity, dental plans, or hearing and vision insurance. You can also sell standalone prescription plans for Medicare recipients who want to purchase this separately.