So whether you call a broker, or the carrier directly, your price per month will be exactly the same. What is Original Medicare (Parts A and B)? Mon-Fri / 5:00am - 8:00pm PT They are also required to be licensed in whatever state they are writing business in. Are You Ready for Annual Enrollment Period? 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. And at the very least, it’s time you don’t have to spend learning about Medicare. Your broker should take a look at whether your current coverage remains the best option for you, both in terms of coverage and cost. How to Choose a Medicare Insurance Broker, 30-40 hours learning about Medicare specifics, 10-20 hours learning individual companies and underwriting guidelines. A licensed insurance agent can help you narrow down your options efficiently, and guide you to the coverage that will fit your circumstances so that you don’t waste time with options that simply won’t meet your needs. Easily Compare Medicare Plans With Our Simple Tool Overview of Part A-D, MULTIPLAN_GHHKCD4EN_2021 (Pending CMS Approval). Sometimes dealing with Medicare products requires you to disclose personal information and you want to be comfortable with who you’re talking to, Are they available? You shouldn’t exclude them from consideration without first hearing their side of the story. Here are just a few: A Medicare insurance broker can not only save you money, but we can save you time and confusion. A knowledgeable broker can save you time on research and plan comparison, especially if Medicare coverage is new to you. What are the benefits of using a Medicare Broker? Service after the sale Your relationship with your broker doesn’t end at the sale. With access to online comparison sites that... Read more » 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. An agent usually can only sell policies for a specific insurance company, whereas a broker can sell policies from … Other things require us to reference material in order to make sure the information is accurate and up to date. Thursday, October 5, 2017 4:21 PM Travel agents have become all but obsolete. Medicare agents receive payments from the carrier, so there is no cost to you for their services. There are many great reasons to use a broker when choosing a Medicare plan. 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. 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. Here are some things to consider when choosing a broker: Aragona Village Virginia Beach, VA 23455, ©2019 Medicare About You. 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. Not are you guys best friends, but is the agent relatable and easy to talk to? Original Medicare is the federal program that administers your Part A (hospital insurance) and/or Part B (medical insurance) benefits. Save Your Time We are all busy – and whether you are retired or not, your time is valuable. Contact will be made by an insurance agent/producer or insurance company. Partnering to sell Medica products. ""Will I pay more if I use you as my Medicare Insurance Agent?" In other words, you’ll only need a broker or agent if you want to buy a non-ACA compliant plan. Are You Ready for Annual Enrollment Period? Not all Insurance Agents that sell Medicare products specialize in Medicare. so it can be helpful to have an expert help you find the pan that will be right for you. Throw into the mix all of the Government rules and regulations and you’d think you were an aspiring law student after a few hours of reading. It is individual insurance, but any decisions you make can affect your family. Any time you routinely participate through serious actions then you certainly should either have to pay a better insurance top quality, as well as the intense activity can be excluded from a coverage. With experience in the Medicare market, your insurance agent can be your guide into Medicare terminology, policies, and processes. 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. MedicareInc.com agents specialize in working with seniors to ensure they’re receiving the right coverage for their health and financial well-being. Prescription drug coverage is not available through Part A, Part B, or Medigap policies, so you may need to consider Part D prescription drug coverage. If you are enrolling in Medicare for the first time, you may be wondering how you should receive your Medicare benefits. One-stop shopping Licensed sales agents may be able to offer you a one-stop shopping experience. Working with a broker doesn’t cost you anything There are no fees to pay for using the services of an insurance broker. Why Should You Use an Independent Broker to Choose a Medigap Plan. As I stated earlier, things change. Absolutely not. If you are approaching Medicare eligibility for the first time, you may understandably feel a little overwhelmed by the amount of information available for you to sift through. 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. 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 … You don’t want to risk your retirement savings and health on a misinformed decision. Insurance is complicated in general. Tailored guidance An insurance agent can help tailor your Medicare insurance options to fit your needs and preferences. Instead, your insurance sales agent may be an advocate for you in the years to come, helping you address concerns with your insurance coverage. There are other insurance products that are more lucrative and take less time to learn. (Prescription drugs are not covered by Part A or Part B or by Medigap policies.) Experience matters As an industry expert, your licensed sales agent may have years of experience navigating Medicare. A PDP is a stand-alone plan offered by private insurance companies that will help cover the costs of prescription drugs. We’ll even help you switch over to them.” That would be a “no”. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity, or religion. Service after the sale. 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. Learn what may happen at this meeting. 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. A good broker should be able to properly educate you and help you make a decision in less than 2 hours. 10 Benefits of Using a Medicare Broker to Pick a Plan Medicare Options. A local broker can indeed assist you, but they are not always the most qualified. Insurance is complicated in general. Many of these group brokers do not handle Medicare but know someone who does. 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. A broker can help you review your healthcare coverage needs annually so that, as time goes by, you will continue to have the right plan for any changing needs. Area specialty Local brokers can provide more detailed knowledge of the plans available in your area. 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. 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. Would you go to a Dentist for a heart transplant? If you sign up directly through the carrier, do you think that a year or two years after you purchase the policy that you’ll receive a phone call saying, “Hey just to let you know our competitor, Company B, offers the same exact policy and coverage as we do, but it’s $30/mo less than what we are charging you. 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. To put it even more simply, if you want a non-Obamacare plan, you’ll need a broker. Your broker should break Medicare down into pieces that are easy enough to understand. On top of that Insurance Agents are required to maintain continuing education to continue carrying a valid insurance license. Agents & Brokers: Sell Marketplace health insurance for 2019. A few others that always get asked and will be covered below are: "What is a Medicare Insurance Broker? There should never be any fees when it comes to working with a licensed Medicare agent. The easiest way to find a broker is to ask your friends who they used and if they were happy with the results. HealthCompare Insurance Services, Inc. is a licensed and certified representative of Medicare Advantage HMO, PPO and PFFS organizations and Medicare Prescription Drug plans with a Medicare contract. A Medicare Broker will generally be appointed with multiple companies and be able to offer multiple product lines. An agent should never “set it and forget it”. Why Should I Use a Medicare Insurance Broker? Health Insurance being one of the more difficult lines to comprehend. You can get your benefits through Original Medicare or through Medicare Advantage. You know, you can do it yourself – sign up for a Medicare plan. Sometimes these agents/brokers are employees of the contracted company. Supplementing Your Original Medicare Coverage. Are they there to answer your questions? Some brokers may also have additional certification and training depending on carrier requirements and which products they offer. The point is utilizing a specialist is going to ensure that you make a sound decision. A licensed sales agent can help you make the choice that is best for you. Which leads me to my next point, If they don’t have the answer, are they guiding you on where to find it, or finding out for you if they can do so themselves. I mean, fortunately for you, you found our website. March 2, 2018 12:36 am No Comments Benefits of Using a Medicare Broker to Choose a Plan. Nowadays, with streamlined technology being available, most applications can be completed using an online application process. 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. It is operated by HealthCompare Insurance Services, Inc., a licensed health insurance agency certified to sell Medicare products. Medicare Advantage plans are offered by private insurance companies that contract with Medicare to provide your Part A and Part B benefits. the Department of Health and Human Services (DHHS), or any other government agency. 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. Besides, who do you think will work harder to solve your problem: a call center agent who is paid a salary regardless of the outcome of your personal situation, or a Broker who represents only few hundred clients and gets paid only for as long as you’re with them? Location might be everything to some people, but the proximity of the agent should not be the decisive factor when buying a Medigap policy. HealthCompare, www.healthcompare.com is not endorsed by the Centers for Medicare & Medicaid Services (CMS), If you look at the average hourly wage as of 2018 which is $22.10. Health Insurance being one of the more difficult lines to comprehend. Aetna, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of New Mexico, Blue Cross and Blue Shield of Oklahoma, Blue Cross and Blue Shield of Texas, Blue Shield of California, Capital Blue Cross, Cigna Health Spring, Global Health, Highmark, Humana, Premera Blue Cross, SCAN, Scott & White, United HealthCare, Vibra Health Plan. You’ll always have access to the best rates and the best companies. 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 … They must offer the same benefits as Part A and Part B, but many MA plans offer additional benefits for the same cost, including vision care, dental services, hearing exams, and prescription drug coverage. "How does a Medicare Broker get paid?". A Medicare insurance broker matches you with the Medicare plan that fits your needs. When you must use a broker You only must use a health insurance broker or agent if you want to purchase coverage outside of the Marketplace. As a Medigap broker, we can compare all of the options in a centralized place and make an informed, no-pressure choice. That’s why a budget is so important. They will also explain parts of your policy or … To learn about the different parts of Medicare refer to my Medicare 101 guide for a quick easy to read description of all of the different parts of Medicare. Share on facebook. Not only do they understand the parameters of your options, they have access to vital information that may help you make this very important decision. , D, or the carrier ’ s experience can help you adjust to your Medicare insurance will!, most applications can be a huge red flag, but we can all... 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