Complete Guide to Becoming a Medicare Insurance Agent

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.

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 medicare agent 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.

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.

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.

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.

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.