Your Medicare Broker has spent between $2,000 and $2,500 of their own time (likely a lot more than that) preparing to help you with Medicare. Each PDP has its own formulary, or list of covered drugs, so you need to review your current prescriptions to make certain your brands and dosages are included. Not only is it how we make our money, but most of us who chose the Senior Market did so because we have a genuine desire to help. Medicare Advantage plans are offered by private insurance companies that contract with Medicare to provide your Part A and Part B benefits. A few others that always get asked and will be covered below are: "What is a Medicare Insurance Broker? 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. Medigap brokers are often confused with Medigap agents, but there are important differences between the two groups. Not a good mix, especially when we’re talking about your livelihood and comfort in retirement. A local broker can indeed assist you, but they are not always the most qualified. A Medicare Broker will generally be appointed with multiple companies and be able to offer multiple product lines. You also can use the agency's search tool to find available plans in your ZIP code. All rights reserved. A Medicare broker provides unbiased, informed advice on your options and decisions when you need help with Medicare. Independent Medicare Brokers are paid directly by the Insurance Carrier. 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. Expertise Licensed sales agents in the Medicare arena go through hours and hours of training and education every year in order to sell Medicare insurance plans. They may be familiar with the network of providers and suppliers, and can help advise you in regards to the Medicare plans offered. A Medicare insurance broker matches you with the Medicare plan that fits your needs. Some brokers may also have additional certification and training depending on carrier requirements and which products they offer. Service after the sale. A Medicare insurance broker can not only save you money, but we can save you time and confusion. You can get your benefits through Original Medicare or through Medicare Advantage. Whether you have retired already or are continuing to work, you may have different priorities for your future. If it was a situation where they shouldn’t be allowed to do business anymore their license would have been revoked. 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. 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. As a Medigap broker, we can compare all of the options in a centralized place and make an informed, no-pressure choice. There are a handful of reasons for this – we’ve listed the top 7 reasons to use a Medigap broker below: 1. 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. Nowadays, with streamlined technology being available, most applications can be completed using an online application process. You should first understand Medicare’s original moving parts. 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. 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. Service after the sale Your relationship with your broker doesn’t end at the sale. It costs them less to pay us then it does to fully hire, train, and license their own employee. Why not get the help of a knowledgeable and licensed insurance sales agent who can make the process of enrolling easier than ever? A good broker should be able to properly educate you and help you make a decision in less than 2 hours. Tailored guidance An insurance agent can help tailor your Medicare insurance options to fit your needs and preferences. Whether you want Medicare Part C, D, or a Medicare … It’s that simple. You could easily extrapolate the answer to this question from the section above, but here’s a neatly packaged cheat sheet of the benefits: You can see why I believe that I will be the best Medicare Broker for you. They should also be prompt in returning phone calls and emails. 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. What is Original Medicare (Parts A and B)? Typically, the Medicare Supplement plans can cost $30-$250 per month depending upon the plan. Facebook Share on twitter. To put it even more simply, if you want a non-Obamacare plan, you’ll need a broker. The senior market is pretty hot right now and because of that, we’re starting to see more 1-800 numbers and call center style companies popping up. This doesn’t mean they answer the call every time you beckon, but they should be easy to reach. 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