Complete Guide to Becoming a Medicare Insurance Agent

Plus, every service area has different rules or guidelines regarding plans, making consistency difficult. Working with an FMO generally gives you access to much better contracts and product offerings. These organizations have connections medicare agent with multiple carriers and can offer you more connections and better commissions than you would earn by trying to work directly with individual carriers. They also often offer assistance with training and certification requirements.

We are committed to providing superior customer service and education. We look forward to helping you succeed with your health care choices. When it comes to considering your Medicare options, you can spend hours doing your own research or you can speak to a local, licensed agent with HealthMarkets. Your agent will compare your options to find the coverage that’s right for you … at a price that fits your budget. With a HealthMarkets agent, you get the benefit of great counsel along with great choices.

If you prefer to work for yourself but appreciate strong support, consider working as an independent insurance agent for Assurance. Take the marketability of each product into account as well. Many carriers have minimum product requirements, for example, at least one enrollment per product. Certain carriers allow you to skip the contracting process if you already sell their other products. Others require you to contract for each new product line you sell. Double-check with your point of contact at each carrier to make sure you understand the proper procedure.

For 2022, these commissions are capped at $87 for first-time enrollment and $44 for each renewal. Once you're licensed, you'll need to contract with Medicare carriers to sell their products. To sell Medicare Advantage plans, you'll have to complete the America's Health Insurance Plans certification in addition to each carrier's compliance and product certifications. These certifications exist to help protect seniors and reward agents who do things the right way. If you've never trained to sell Medicare before, set aside two to three weeks to complete all of the requirements. The best time to get started is ASAP, even if the next open enrollment period is months away.

So, there’s no reason you need to travel anywhere to see an agent; they would not need to come to your house to help you with your coverage. Enrolling over the phone or online is easier, faster, and more convenient for all involved. Using a licensed Medicare agent should always be of no charge to you. You want to avoid working with an agent who requires payment or adds an additional fee to your monthly premium. Licensed Medicare agents receive payments directly from the carrier once they submit an application.