Do You Need a Medicare Insurance Agent?
As a result, agents may find themselves choosing between their income and beneficiaries’ needs. Medicare beneficiaries have more plan choices than ever before, including private plans. 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. Compare rates side by side with plans & carriers available in your area. The ability to not only get all your information in one place but also can complete the enrollment at one time. Also, an agent can’t enroll you in a plan during an educational event. One important thing to note is that an agent can never pressure ...