Find a Local Medicare Insurance Agent

Consider the different scenarios you might encounter — policyholder health statuses, budget issues, coverage preferences, and so on. Aim for a variety of plans so that you can meet these different needs. To sell Medicare plans, you'll also have to complete the process for America's Health Insurance Plans certification. Insurance Professionals of Arizona has been in business since 2008, with over 47 years of combined industry experience.

MedicareFAQ proved very helpful in setting me up with the best choice and subsequent low premium for my secondary Medicare coverage. Jagger Esch is the Medicare expert for MedicareFAQ and the founder, president, and CEO of Elite Insurance Partners and MedicareFAQ.com. Since the inception of his first company in 2012, he has been dedicated to helping those eligible for Medicare by providing them with resources to educate themselves on all their Medicare options.

Ensuring commissions even if beneficiaries stay with their original plans may help prevent unnecessary switching. However, there is also a risk that agents have limited incentive to revisit plan fit or routinely check in with beneficiaries. Policymakers could consider defining a minimum level of service required to earn the renewal or switching commission. However, there is no explicit imperative or financial incentive for agents to behave this way. Agents are not required to disclose that they do not offer all available plans and beneficiaries may not recognize that agents may not present all options available to them. The average Medicare beneficiary has 39 Medicare Advantage plans to choose from in 2022, according to the Kaiser Family Foundation.

The key to really becoming a great top Medicare agent is by committing to ongoing Medicare agent training. A great way to do this is connect with your FMO (assuming it’s an FMO that offers Medicare) and asking what their Medicare agent training programs look like. You can choose from many different options from your insurance CE provider and they will guide you through the requirements for your resident state. Here are the 7 steps you need to follow to become a Medicare insurance agent. With an All-in-one universal login, MedicareCENTER brings all of your carriers to one place with scope of appointments, quoting, Rx drug lists, e-applications, and more. Anyone currently enrolled in Medicare or will soon be turning 65, or any relatives of seniors or Medicare beneficiaries who assist with healthcare matters.

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 medicare agent 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.

To help you provide the best possible service to your customers, UnitedHealthcare offers contracted agents access to online sales, marketing, training and enrollment tools. First, this analysis does not include administrative overrides and other payments. Further, it does not consider variation based on geography and markets, specific relationships with agencies, contracts with insurance carriers, and in the case of Medigap, the premiums of the products marketed. Working with an independent Medicare insurance agent means you get to choose policy options from different companies.

You can easily check if you’re “ready-to-sell” with each of your carriers in the Ritter Platform! Simply log in to the Platform and confirm you’re ready to go by following the instructions here. For example, if you take your certification exam in late June or July 2020, you are likely being certified to sell the 2021 product to eligible seniors during the 2021 annual enrollment period. We support agents in all of their efforts including recruitment, compliance programs, marketing strategy, agent training, and much more.

For each product you plan to sell, you’ll need to make an appointment with that insurance carrier to complete an independent agent agreement or contract. The NIPR provides new licenses and renewals for agents in all 50 states. Its intuitive process helps to minimize paperwork and data entry, so you can get your health insurance license quickly without slowing your business down. The process works for both resident and non-resident licenses. HealthMarkets Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, PPO and PPFS organizations and stand-alone prescription drug plans.

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. Agents and brokers both compare different Medicare plans and combinations of plans to come up with the best options based on price and need. This type of agent can only sell policies from one insurance company.

The key is to stick with it and cultivate a long-term client base. It is worth noting that many health Insurance exam vendors offer a life insurance certification at the same time you are preparing for your health certification. While having a life license is not required to sell Medicare products, it is a good idea to have this license under your belt to provide your client with other insurance product needs down the road. Some states require and offer classroom training with a seasoned licensed health insurance agent who prepares you for the exam. This is a nice option by giving you access to someone who can answer questions as you progress through the course. This classroom training takes roughly a week to complete with the goal of passing the exam at the end of the class.