Do You Need a Medicare Insurance Agent?
They’ll present you with options to meet your goals within your budget. A Medicare insurance broker is just like an independent agent. Medicare Part D helps those who are enrolled cover the cost of their prescription drugs. Agents are individuals who are licensed and registered to solicit and enroll people into insurance products. Agencies provide administrative support such as marketing, technology infrastructure, compliance, and other services for agents. Medicare plans contract with agents and agencies to reach and enroll beneficiaries; in return, agents earn commissions directly from insurers. Independent agents and agencies represent multiple insurers and help beneficiaries compare and enroll in options in their area. In this capacity, they represent both plans and beneficiaries, with compensation tied exclusively to enrollments with contracted insurers. For example, if you want to sell Medicare plans with Aetna, Cigna, and Anthem, you’ll need to complete a contract with each ...