Agent Commissions in Medicare and the Impact on Beneficiary Choice

We view our role as an advocacy and educational organization. We serve both consumers and insurance professionals who market Medicare insurance protection. Aetna is the brand name used for products and services provided by one or more of the Aetna group of subsidiary companies, including Aetna Life Insurance Company and its affiliates . As a Medicare sales agent, you can ask for referrals, but you cannot collect phone numbers. Instead, you can ask your clients to refer you to their family members and friends.

This helps protect the consumer from unexpected and often expensive events, like a hospital stay. Digital advertising, communication, and outreach by health plans and agents are common sources of Medicare information, and today these efforts compete with nonprofit and government sources for beneficiary attention. Research shows that a growing number of Medicare beneficiaries rely on online tools for at least part of their research and decision-making. All Medicare agents and brokers must be licensed to operate in your state. You can use the NAIC locator tool to get in touch with your state insurance department to verify if someone claiming to be an insurance agent or broker is licensed. Medicare agents and brokers can review the underwriting terms of different policies to find the best option for you.

I have marketed my website for only a couple of months and seen amazing results. Getting started is easy, and you don’t have to spend years without a consistent paycheck or be buried in endless paperwork to do it. The information you will be accessing is provided by another organization or vendor. Statements in languages other than English contained in the advertisement do not necessarily reflect the exact contents of the policy written in English, because of possible linguistic differences. In the event of a dispute, the policy as written in English is considered the controlling authority. We met with three leaders with active experience in advocating for patient protections in Medicare.

Agents representing Medicare plans can’t ask for your personal information over the phone unless it’s to verify membership, determine eligibility, or submit an enrollment application. Further, an agent can’t offer you cash or gifts worth more than $15 to join their plan. Applied General Agency has been the industry leader for over 20 years in our pursuit to provide independent agents with the tools and services needed to succeed. The demand for Medicare Advantage and Medicare Supplement insurance plans is large now and will only continue to grow. Now is the time to capitalize on this amazing explosion of growth in the Medicare industry and start selling Medicare Insurance as an Independent Insurance Agent. Increasing transparency and reporting on carriers’ actual compensation payments — as opposed to the CMS-defined maximums — across MA, Part D, and Medigap could help address this.

Agents work on a commission based on the Medicare policies they sell. They also handle the process of searching for and applying for Medicare plans. An agent is a licensed professional who helps you select and enroll in a health plan. Nectar is ideal for agents who are less enthused about marketing and networking.

Contact Phoenix Health & Life Insurance to learn about all the coverage Medicare offers. Some independent agents prefer not to work through someone else's platform. If you'd rather opt to be your own boss and possibly run your own firm someday, consider buying Medicare leads directly through Nectar. These leads cost you nothing — you don't have to worry about paying for marketing or other limits on your earning potential. Instead, you can focus entirely on what you do best, and that's selling Medicare insurance.

With Nectar, you won't have to gamble with cold leads or stress over having enough leads to get you through a week. As a result, you can cut way down on the amount of time and money you spend on marketing. The YourMedicare Enrollment Center combines all of the above to allow you to build quotes, fulfill contracts, and manage all your critical customer information medicare agent in one place. One of the most effective ways you can quickly grow your business will be to buy high-quality leads that are sourced specifically for you. You can find this information, including the documentation you'll need to submit, on each state's insurance department website. Once you're ready to apply, visit the National Insurance Producer Registry .

We will also provide appropriate notice and choices to you, on this website and in other appropriate locations, based on the scope and extent of changes. We will only share your personal information with third parties as outlined in this policy and as otherwise permitted by law. Any information you provide, including any personal information, will be transferred to and processed by a computer server located within the United States. This policy does not apply to information collected through other means such as by telephone or in person, although that information may be protected by other privacy policies. As used in this policy, terms such as "we" or "our" and "Company" refer to UnitedHealthcare and its current and future affiliated entities, including our parent company UnitedHealth Group.

Regardless of where they live or work, an agent can help you find coverage if they hold a license in your state. Thus, there’s no reason why you need to work with an agent geographically near you. Agents can help you decide which level of coverage is best for you, based on your needs and budget.