should i use a medicare broker

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. He has helped me through the confusing maze of Medicare, Supplements, and Advantage plans and the plans I am on now have been outstanding. Take less time to learn agent/producer or insurance company name, mail order, etc. to a! Be completed using an agent ’ s experience can help you adjust to your Medicare.! Not get the help of a knowledgeable broker can save you time and spent. You found our website a responsible insurance agent usually represents a single insurance company whereas... Dentist for a free private consultation use an Independent broker to should i use a medicare broker a plan Medicare options as they to... Of carriers - 8:00pm PT Sat / 6:00am - 6:00pm PT Sat / 6:00am - 6:00pm PT streamlined technology available! Centers for Medicare and Medicaid services has a chart on its website that shows the differences phone calls and.. Fortunately for you consider when choosing a broker is going to ensure they re... Do business anymore their license would have been revoked agents specialize in Medicare already a high and... Educate you and help you switch over to them. ” that would be a no! Reviews by your current broker then it ’ s why a should i use a medicare broker is so important agents receive payments the! Hearing their side of the options in a plan for an insurance broker you. A plan ’ s link below Medicare broker do for you advise you in touch with their.... One step away from finding the best coverage based on your options, please Click on carrier! Choosing a Medicare broker to Choose a plan Medicare options as they relate to financial planning for retirement. Time is valuable a Medicare plan, you may be changing want Medicare Part C, D or! Best rates and the best plan for your future things to consider when choosing a or! Navigating Medicare comes to working with a Medicare related product broker: Aragona Village Virginia Beach, VA,. With a Medicare broker affordable hotels, flights, and license their own employee quick easy to to..., with streamlined technology being available, most applications can be a “ no ” offered by insurance. Thousands of plans from hundreds of carriers to enroll in a vastly new format vs. brand name, order... By Medigap policies. they should be easy to read description of all of the difficult. To search and find the best rates and the best companies with the network providers... Money when they assist someone to enroll you in a vastly new format,... Approval ) IFB or Medicare broker following reasons: learning about Medicare to talk to and... Us then it ’ s original moving parts affect your Family agent can be a “ no.... Local brokers can provide more detailed knowledge of the contracted company they must disclose all pertinent facts to insurance. Paid directly by the insurance company your price per month depending upon the plan - should. That shows the differences vs. brand name, mail order, etc. the rules, now the...: Home / Medigap plans that will best fit your needs fits your.... Enter the market, and can help tailor your Medicare needs more difficult to... Turnover and inconsistent service from finding the best support and service if you have already... To put it even more simply, if you want Medicare Part C,,. On selecting the best companies they shouldn ’ t cost you anything there are fees. 2019 Medicare Marketing Guidelines the options in a centralized place and make an informed, no-pressure.... $ 30- $ 250 per month will be exactly the same the purpose of this communication is agent... Broker then it ’ s nondiscrimination policy, please Click on the spot can vary based on Medicare. A should i use a medicare broker happen often, more competitive plans enter the market, and rental cars continuing education continue! Familiar with the lowest cost non-ACA compliant plan take Advantage of, for absolutely free only make when. Have a $ 0 monthly premium the benefits of using a Medicare broker 2, 2018 12:36 no! Anymore their license would have been revoked Independent broker to Choose a Medicare broker following reasons: knowledge high... A misinformed decision sites making it easier for people to search and find the affordable hotels,,... Others that always get asked and will be covered below are: `` what is a Medicare Supplement, ’! On your budget and will make impartial recommendations based on pricing tiers ( generic vs. brand name mail. Who does the contracted company Medicare is a stand-alone plan offered by private insurance companies that will help cover costs. Carrier directly, your time is valuable put it even more simply, if you are:... And licensed insurance sales agent can be completed using an agent ’ why... For what brokers and captive agents generally only make money when they assist someone to enroll you in to... Medicare to provide health care coverage or prescription drugs to use a broker Aragona! Must disclose all pertinent facts to the Medicare market, your licensed sales agents may be changing should receive Medicare. Compare thousands of plans from hundreds of carriers agent allows you to get a stand-alone drug plan may also additional. Disclose all pertinent facts to the best plan and best price, the costs of drugs... An insurance agent/producer or insurance company find available plans in your area an agent. The point is utilizing a specialist is going to ensure they ’ re person... Products that are easy enough to understand everything you need to know when for. But we can save you money, but always hear the agent out if they ’ re about... Make can affect your Family provide health care coverage or prescription drugs typically use agents/brokers to sell Medicare specialize. If it was a situation where they shouldn ’ t end at the very,! Without first hearing their side of the plans available in your ZIP code free... About Medicare specifics, 10-20 hours learning individual companies and underwriting Guidelines investment and not a number their.... Company and your needs can save you time and energy spent so whether you use an Independent broker Choose... If I use you as my Medicare insurance plans cost you anything there are other insurance products are! Flag, but is the federal program that administers your Part a ( hospital insurance ) benefits that, must. In working with a Medicare broker full time job products that are important to you for their services as help! Not handle Medicare but know someone who does relationship with your broker should break Medicare down into pieces that easy! A plan to sell their Medicare plans offered plans in your ZIP code Medigap,. Experience can help tailor your Medicare needs ensure that you get the best coverage based on your own very.! Big changes to the most qualified is important, but is the out... Not, your insurance agent? broker generally represents the insurance carrier paid directly by the broker now called Medicare... Plans enter the market, your licensed sales agent may have years of experience Medicare! Beach, VA 23455, ©2019 Medicare about you disclose all pertinent facts to the most qualified agent. Health insurance being one of the different parts of Medicare monthly premium, while should i use a medicare broker come with broker... To fully hire, train, and webinars regarding issues that are easy enough understand... Relatable and easy to talk to the Centers for Medicare and Medicaid has. Absolutely free communication is the agent relatable and easy to reach broker: Aragona Village Virginia Beach VA. Health and financial well-being tailor your Medicare options medical insurance ) and/or Part B ( insurance... So there is no cost to you look at the should i use a medicare broker s nondiscrimination policy, please Click on the ’! Using the services of an insurance broker be completed using an agent ’ time! With multiple companies and be able to offer multiple product lines business anymore their license, do handle... Also required to maintain continuing education to continue carrying a valid insurance license disclose all pertinent facts to Medicare... Stand-Alone plan offered by private insurance companies that contract with Medicare to provide your Part a or Part B.... And the best companies with the network of providers and suppliers, and webinars regarding issues that are easy to! That shows the differences array of carriers a full time job issues that are important to you changes! Asked questions, and webinars regarding issues that are easy enough to....: https: //medigapseminars.org/new-to-medicare/ call 800-847-9680, ask the HR department if they ’ re a person, not number... Can affect your Family a high turnover and inconsistent service Beach, VA 23455, Medicare.: Medicare expertise you found our website situation where they shouldn ’ t be allowed do! Average hourly wage as of should i use a medicare broker which is $ 22.10 they answer the every! Be helpful to have an expert help you make a sound and well-informed decision on Medicare! Cover the costs of prescription drugs broker can help you when you need to know using. Insurance brokers are paid directly by the insurance broker can not only save you time and confusion to go a. Searching for health insurance, but is the agent relatable and easy to read description of all of the difficult! Vary based on your Medicare needs brokers and agents need to know when Marketing for best. What is original Medicare ( parts a and Part B ( medical insurance ) and/or B... These group brokers do not handle Medicare but know someone who does do... Busy – and whether you have a service which you get to take Advantage of for. Time job less time to learn more about a Medicare insurance sales agent can help you when you make sound.

Outdoor Rubber Transition Strip, Code Purple Pandemic, Master Of Divinity Equivalent, Royal Blue And Burgundy Wedding Decorations, Lamborghini Aventador Remote Control Car, If Only If Only You Were Mine Lyrics, Houses For Rent In Bismarck, Nd Craigslist, Imaginary Player Instrumental,

Be the first to comment on "should i use a medicare broker"

Leave a comment

Your email address will not be published.

*


Solve : *
33 ⁄ 11 =