Choosing a Medicare plan carries a high degree of importance for several reasons: that is why many people ask themselves why work with a Medicare broker.
Because Medicare can be a complicated topic, with many different plans available, it is easy to feel overwhelmed and confused. Working with an independent health insurance broker can help you make sense of all your options and understand why working with a Medicare broker is beneficial.
What are the reasons to work with a Medicare Agent?
Insurance brokers are independent agents who represent multiple insurance carriers. This professional has dedicated their career to understanding the complex web of Medicare insurance options, and therefore has experience dealing with almost any situation imaginable. Thus, they are well-equipped to explain why you should consider working with a Medicare broker.
Because brokers work independently, rather than for a specific insurance carrier, they can offer you knowledgeable guidance. You can feel confident that this professional is helping you identify your own priorities and needs and is using those to inform their recommendations.
After you’ve enrolled in your chosen plan, a broker continues to offer support. You will have access to a team that can answer your questions and help you learn about your policy. And in the event of a problem, you support team can help you. This ongoing support is another reason why working with a Medicare broker can be so valuable.
Since agents are intimately familiar with each insurance provider’s underwriting procedures, they can offer you vital information regarding your application. Often you can save a significant amount of time by applying for a policy through a broker, who already knows which companies are likely to accept you.
How do Medicare Agents get paid?
Brokers are paid a commission by the companies they represent, and that commission is prebuilt into the cost of each policy. The rate you pay for your Medicare plan is the same, whether or not you use a broker. When you enroll directly with the insurance carrier, they keep that commission money for themselves, rather than offering a discount. Hence, this structure clarifies why consulting a Medicare broker does not incur extra costs.
That means you can access the personalized services of a broker at no extra cost to you. In addition, you can enjoy all of the continues extra benefits as part of the deal.
How are Medicare agents trained/certified?
Health insurance agents undergo hundreds of rigorous training hours on Medicare law before they begin working with clients. This comprehensive education is key to understanding why collaborating with a Medicare broker can enhance your experience.
Each agent must complete the following steps in order to represent Medicare insurance companies and provide vital assistance to their clients.
Our licensed certified insurance agents are in the local area and are ready to answer your questions and help you with your Medicare application process – all at no cost to you.
