A Medigap insurance agent usually represents a single insurance company, whereas a Medigap insurance broker generally represents the insurance customer. We provide the full list of Medigap plans by email WITHOUT requiring a phone number and a bunch of personal information then bombarding you for the rest of your life. Grow your book of business by offering our innovative health plans that fit every stage of life. Rules for meeting with an agent If you're going to meet with an agent, the agent must follow all the rules for Medicare plans … Getting to know you and your healthcare coverage needs, your broker can fine-tune the search and help you enroll in the Medicare plan that will protect you and your family from stressful medical expenses. 7500 Security Boulevard, Baltimore, MD 21244. Medicare agent near me? Enrollment in any plan depends on contract renewal. As an independent agent we assume the cost of licensing, certification, insurance, marketing, training, etc… If anything, having an active community of brokers probably helps keep their overall plan costs down. Every Medicare beneficiary is unique – and you deserve to find a plan that fits into your budget and lifestyle and will give you access to the quality healthcare you deserve. There should never be any fees when it comes to working with a licensed Medicare agent. What is Original Medicare (Parts A and B)? Instead, your insurance sales agent may be an advocate for you in the years to come, helping you address concerns with your insurance coverage. Healthcare coverage decisions can have serious consequences on your health and financial well-being, and a licensed insurance agent may be the knowledgeable resource that helps you and your loved ones find the quality Medicare insurance plan that is right for you, at a price you can afford. Keep in mind we will not always be able to answer every single question on the spot. "How does a Medicare Broker get paid?". A Medicare insurance broker can not only save you money, but we can save you time and confusion. Many people with Original Medicare choose to supplement their coverage with a separate Medigap (or Medicare Supplement) policy to help them cover the out-of-pocket costs that Original Medicare does not. You also can use the agency's search tool to find available plans in your ZIP code. It costs them less to pay us then it does to fully hire, train, and license their own employee. Other things require us to reference material in order to make sure the information is accurate and up to date. It’s called Errors & Omissions (E&O) Insurance and it’s designed to protect both the agent and consumer in the event of accidental misrepresentation, or a negligent act on behalf of the agent. Consider these top ten benefits of working with a Medicare insurance sales agent: Medicare expertise. You get the same benefits, for the same price, on top of having your own personal agent who is familiar with you and your specific situation. The brokers we work with are contracted with multiple carriers and will listen to your situation before giving you an explanation of the options available to you. This means understanding Medicare, your plan choices (stay with Original Medicare with/without a Medigap plan OR enroll in a Part C plan), learn what doctors and hospital(s) are in a plan’s network, how much it will cost you if you use non-network providers, and how much it will cost you to use a plan’s health care services as well as your cost to have prescriptions filled. Incentive to help. There is an initial Medigap enrollment period when you are first eligible that will give you a guaranteed issue right to purchase any Medigap policy sold in your state without being subject to medical underwriting. Typically, the Medicare Supplement plans can cost $30-$250 per month depending upon the plan. Licensed insurance agents can help you decide if you should enroll in a Prescription Drug Plan (PDP) and can help you review and compare plans based on your particular budget and medications. He has helped me through the confusing maze of Medicare, Supplements, and Advantage plans and the plans I am on now have been outstanding. You know, you can do it yourself – sign up for a Medicare plan. Unbiased guidance on selecting the best plan for your needs. Save Your Time We are all busy – and whether you are retired or not, your time is valuable. Learn what may happen at this meeting. Why not get the help of a knowledgeable and licensed insurance sales agent who can make the process of enrolling easier than ever? That’s why a budget is so important. For FREE help finding a Medicare plan,Click here or call 1-800-729-9590. A few others that always get asked and will be covered below are: "What is a Medicare Insurance Broker? Do they have any complaints filed against them? Keep in mind this is an initial investment and not a representation of total time and energy spent. Without you we don’t get paid. There are distinct advantages of working with a licensed sales broker who can help guide you through the process of enrolling in Medicare insurance coverage. What are the benefits of using a Medicare Broker? Individual & Family and Medicare Brokers Partner with Medica. A Medicare Broker is an Independent Insurance Agent who specializes in Medicare services and plans such as a Medicare Supplement plan, Medicare Advantage plan, and Part D prescription drug plan. HealthMarkets’ Medicare insurance agents are nationwide and can help you explore your options to find the right coverage. If you are enrolling in Medicare for the first time, you may be wondering how you should receive your Medicare benefits. Insurance brokers are not bound to any one company and your retention and well being should be their #1 priority. You won’t have to go to Company A for your medigap plan, then contact Company B for your Part D plan, and finally Company C for that Final Expense policy you need. A knowledgeable broker can save you time on research and plan comparison, especially if Medicare coverage is new to you. A Medicare broker provides unbiased, informed advice on your options and decisions when you need help with Medicare. The Centers for Medicare and Medicaid Services has a chart on its website that shows the differences. This can be a huge red flag, but always hear the agent out if they do. Medicare also comes at a time when your lifestyle may be changing. Brokers - Because a broker is solely focused on your unique needs, he or she can help with comparison-shopping, honing in on the best prices for the coverage you need. On top of that, they are a wonderful and stable company. The Role of Brokers in the Medicaid Program Snapshot Many State Medicaid agencies (SMAs) use independent contractors, or “brokers,” to deliver services. Get ready to sell health and dental plans to individuals, ... A federal government website managed and paid for by the U.S. Centers for Medicare & Medicaid Services. Using an agent allows you to get information about many companies. Legally, they have to be licensed to enroll you in a Medicare related product. Many of these group brokers do not handle Medicare but know someone who does. A Medicare insurance broker can not only save you money, but we can save you time and confusion. If you have a question, or an issue you’re going to want the help of someone who knows the ins and outs of Medicare. As a Medicare Broker (independent licensed agent) we work diligently to find the most competitively priced Medigap plans offered by top A-rated insurance companies available in your area. Without having to leave their site, you may be able to research and compare Medicare coverage options, request proposals, and even enroll in some Medicare Advantage plans. No. With access to online comparison sites that... Read more » For example, in order to sell a Prescription Drug plan or Medicare Advantage plan agents are required to receive an AHIP certification and most carriers require a separate carrier specific certification in addition to that. Thursday, October 5, 2017 4:21 PM Travel agents have become all but obsolete. We can certainly benefit from the expertise of a sales agent in some situations, and a licensed Medicare insurance broker may provide invaluable guidance as we research and compare insurance plans. Those . Sat / 6:00am - 6:00pm PT. They can even advise you on how to best bundle or customize your policies in ways that agents might not be able to do (either because they are restricted in their policy offerings, or simply because they lack the insight into your … Your insurance sales agent can help you adjust to your Medicare options as they relate to financial planning for your retirement. With access to online comparison sites that allow us to research the most affordable flights, hotels, and car rentals, we can confidently create full itineraries on our own and be off on an adventure in no time. Agents and Brokers can help you . You’re one step away from finding the best companies with the lowest cost. Do they help you when you have a problem? For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. A local broker can indeed assist you, but they are not always the most qualified. CMS has made some big changes to the 2019 Medicare Marketing Guidelines. Whether you want Medicare Part C, D, or a Medicare … There are many great reasons to use a broker when choosing a Medicare plan. In fact, the rates offered by insurance plans already account for commissions paid to insurance brokers, so your cost will not differ whether you work with a broker or enroll on your own. Why Should I Use a Medicare Insurance Broker? Service after the sale. We’ll even help you switch over to them.” That would be a “no”. Independent agents and brokers selling plans must be licensed by the state, and the plan must tell the state which agents are selling their plans. How to Choose a Medicare Insurance Broker, 30-40 hours learning about Medicare specifics, 10-20 hours learning individual companies and underwriting guidelines. Many offer 24/7 assistance, answers to the most frequently asked questions, and webinars regarding issues that are important to you. Are they there to answer your questions? Having a broker that contracts with different carriers helps eliminate bias as they help you research and compare. While this may not matter to everyone, I’m a firm advocate on having a specific agent that you know and trust to ensure the most consistent and best quality of service. Mon-Fri / 5:00am - 8:00pm PT A licensed sales agent can help you make the choice that is best for you. If they’re not willing to show you their license, do not do business with them. Not a good mix, especially when we’re talking about your livelihood and comfort in retirement. the Department of Health and Human Services (DHHS), or any other government agency. Most Medicare beneficiaries can only change their Medicare insurance coverage once a year, during the Annual Enrollment Period from October 15 through December 7, so you will likely be stuck with the insurance you choose for twelve months, unless you are eligible for a Special Enrollment Period. Do you know who you’re speaking to? Insurance is complicated in general. These are the two most common questions I get when I’m consulting with someone about a Medicare Supplement or Medicare Advantage plan. Both brokers and captive agents generally only make money when they assist someone to enroll in a plan. When it comes to shopping for the best plan and best price, the independent Medicare insurance broker represents your best interest. You’re a person, not a number. There are other insurance products that are more lucrative and take less time to learn. Multiple products in one place. You are here: Home / Medigap Plans / Why Should You Use an Independent Broker to Choose a Medigap Plan. All rights reserved. Health Insurance being one of the more difficult lines to comprehend. Some Medicare Advantage plans have a $0 monthly premium, while others come with a higher monthly premium. They are also required to be licensed in whatever state they are writing business in. If the broker assisting you asks what your budget is, he/she is just trying to gauge what type of plan would work best for you. Medigap brokers are often confused with Medigap agents, but there are important differences between the two groups. Do they conduct policy reviews? Plan changes are inevitable, rate increases happen often, more competitive plans enter the market, and your needs change. HealthCompare, www.healthcompare.com is not endorsed by the Centers for Medicare & Medicaid Services (CMS), so it can be helpful to have an expert help you find the pan that will be right for you. www.HealthCompare.com contains information about and access to insurance plans for Medicare beneficiaries, individuals soon eligible for Medicare and those advising on behalf of Medicare beneficiaries. Absolutely not. The easiest way to find a broker is to ask your friends who they used and if they were happy with the results. There is a lot more time invested in keeping an insurance license current, keeping up with the changes of Medicare, changes in carriers, underwriting guidelines, compliance, etc…. Costs can vary based on pricing tiers (generic vs. brand name, mail order, etc.) Excelsior has created the definitive guide for what brokers and agents need to know when marketing for the Annual Enrollment Period (AEP). Captive agents will only make money if they sell you a plan their company represents whether or not it is the best fit for you. Having an expert who can help guide you through the structure, plans, benefits, and costs of Medicare can make a big difference as you explore your options. Are You Ready for Annual Enrollment Period? If you have group coverage, ask the HR department if they can put you in touch with their broker. So whether you call a broker, or the carrier directly, your price per month will be exactly the same. 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