What Does 'Ready-to-Sell' Mean for Medicare Agents? Ritter Insurance Marketing

Each of the organizations we represent has a Medicare contract. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity, or religion. Our local, licensed Medicare insurance agents are here to help you find the right insurance plan that meets your needs and budget. medicare agent Medicare is highly regulated and many of the carriers have different contracting and appointment processes to get their agents ready to sell . You will need to be patient during this process as it can take some time to get your approvals from each company. You must complete a contract with each insurance company in order to be appointed to sell.

As a result, agents may find themselves choosing between their income and beneficiaries’ needs. Below is a link to a file containing the amounts that companies pay independent agents/brokers to sell their Medicare drug and health plans. Companies that contract with Medicare to provide health care coverage or prescription drugs typically use agents/brokers to sell their Medicare plans to Medicare beneficiaries.

You make recommendations about obtaining supplemental insurance and help people understand their options for prescription drug, vision, and dental policies. Independent insurance agents are authorized to enroll individuals in Medicare plans and contract with one or, typically, more insurance carriers. Though it is not required, many agents affiliate with broker agencies that provide services such as marketing, technology, training and compliance, and administrative support. Licensed agents are compensated by the carriers directly on a per-enrollee basis. The more enrollments and renewals that agents generate, the higher their earnings. This means that carriers’ and agents’ incentives for growth are perfectly aligned.

Maximum commissions for MA and Part D are set annually by the Centers for Medicare and Medicaid Services and are commensurate with fair market value . Within the maximums set by CMS, insurers determine the exact compensation level they will pay agents, which can vary by product or contract. CMS maximums are set nationally, although they may be higher in certain states because of cost of living and other conditions.

They can match you with a qualified professional for your unique objectives. If you're interested in help navigating your options, a representative will provide you with a free, no-obligation consultation. RetireGuide doesn’t believe in selling customer information. However, as required by the new California Consumer Privacy Act , you may record your preference to view or remove your personal information by completing the form below. We operate independently from our partners, which allows the award-winning RetireGuide team to provide you with unbiased information. Our fact-checking process starts with vetting all sources to ensure they are authoritative and relevant.

You tell us when you want to receive calls and what your ideal prospect is like. We get interested shoppers on the phone, verify they're a good fit, and direct their call right to you. Every lead you receive through Nectar will be real and fresh.

Regardless of where they live or work, a Medicare agent can help you find coverage nationwide as long as they hold a license in your state. Because Medicare is so complex, having a Medicare agent well versed in all Medicare rules and regulations is essential. Thus, there is no reason why you need to work with an agent geographically near you. Because of this, Medicare agents are unbiased about which carrier you enroll through. They will receive the same payment regardless of the cost of the plan. Thus, a good Medicare agent is encouraged to help you find the right plan for you, not for their pockets.

Acceptable Medicare and FWA training is usually offered by third parties, like America’s Health Insurance Plans , Pinpoint, Sentinel Elite, and the National Association of Health Underwriters . The most widely accepted Medicare and FWA training among carriers tends to be AHIP’s certification training, but acceptance of NAHU’s Medicare certification program is growing. Becoming an independent Medicare insurance agent takes planning and preparation but can be extremely rewarding as you build toward a six-figure residual income. The time this process takes will depend the number of carriers you intend to broker for your clients. All you need to do is use a health insurance license vendor and follow the specific details for your resident state. If you would rather study on your own time, there are course options in book and electronic formats.

We/Our Partners do not offer every plan available in your area. Any information provided is limited to those plans offered in your area. Please contact Medicare.gov or MEDICARE to get information on all of your options.

Agents and brokers do not sell Original Medicare — Medicare Part A or Part B. They sell private Medicare plans. These include Medicare Advantage, Medigap and Medicare Part D drug plans — all sold through private insurers. Connect with a licensed Medicare agent to find the health care plan that works best for your situation and budget. Healthcare and Insurance are important for the continued well-being of all Arizonans. This page lists resources to obtain unbiased information on Medicare laws, Health Insurance and Counseling on relevant insurance products. It also can help you screen for other benefits that you may be qualified to receive.