Medicare Blog

how long can you call medicare leads

by Prof. Dean Murray Published 2 years ago Updated 1 year ago
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For Medicare Advantage (MA) or Prescription Drug Plans (PDP), PTC expires 9 months after the date the request is received. However, the PTC for Medicare Supplement products is 90 days. It is important to note that the PTC must be renewed if it expires, even when ongoing contact is intended.Mar 25, 2020

Full Answer

How do I get Medicare supplement leads?

Fill your sales pipeline with qualified medicare supplement leads and grow your book of business. Call leads are transferred directly to you with no warm handoff from our call center. These leads are sold on a billable duration, so you only pay for calls that you're able to qualify for the plans that you offer.

What is a Medicare exclusives lead?

Exclusive leads are only sold once resulting in higher closing rates, these are best for individual agents and smaller agencies. An average of 10,000 Americans age into Medicare every single day, and this massive generational shift presents one of the biggest opportunities for insurance agents in years.

How long does it take to receive my leads?

Within 7 business days after ordering, agents will receive a list of leads in an Excel spreadsheet. Our format can easily be uploaded into your preferred dialing system or software, so agents can start working leads instantly.

How do Medicare Advantage businesses generate leads?

Our preferred Medicare Advantage lead generation strategy utilizes direct mail business reply card mailers. Here’s how it works… Our agents order direct mail leads on a fixed-price basis. Currently, we charge $25 per lead BEFORE possibly applying a lead cost reduction. Continue reading for more info.

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How do Medicare agents get leads?

Medicare Leads from Direct Mailer Campaigns. Sending direct mailers to gain Medicare leads is another method agents utilize. Running a direct mailer lead campaign can be pricey, but luckily, carriers and field marketing organizations (FMOs) often offer marketing co-op to help cover a percentage of the cost.

How long is a Medicare permission to contact good for?

9 monthsWhen does PTC Expire? PTC expires once contact is made or 9 months after the date received for MA and PDP plans. However, PTC expires 90 days after the date received for consumers requesting information on Medicare supplement insurance products or is on the federal Do-Not-Call Registry.

How much does a Medicare lead cost?

Here's how it works… As mentioned previously, new Medicare Advantage pay $25 for each direct mail lead.

Is being a Medicare agent worth it?

Medicare agents have significant earning potential and a promising future of stable career growth – but it's not just about the money. Medicare agents also get to help others while taking control of their own careers. For the right person, Medicare sales can be a very rewarding and lucrative career.

What are CMS guidelines for referrals?

In a CMS compliant situation, you would 1) ask for referrals without mentioning any benefit to the enrollee and then 2) present a thank-you gift for the referrals he or she has provided. Second, the gifts you provide must be of a nominal value.

What are CMS permission to call guidelines?

What Does it Cover? Specifically, the Medicare Permission to Contact (PTC) rule outlines when it is okay to contact a current or potential Medicare beneficiary, the specific products they are giving you permission to contact them for, how you can approach them, and when you can contact them.

How do I get Medicare leads for free?

5 Ways to generate Free Medicare LeadsAsk for Referrals. Referrals or word of mouth may be the oldest, best, and least expensive ways for insurance agents to generate Medicare leads and grow your business. ... Form Community Partnerships. ... Create a Digital Presence. ... Host and Network with Seniors at Events. ... Personal Contact.

How do I get insurance leads?

15 Effective Ways to Generate Insurance Leads OnlineCustomer Referrals. Your current customers are a gold mine! ... Use Social Media. ... Google Search Ads PPC. ... Purchase Lead Lists/Purchase Ready Leads. ... Community Building. ... Create a Good Website. ... Get Listed on Reputable Review Sites. ... Host Webinars.More items...•

Who is Medicare through?

The Centers for Medicare & Medicaid Services (CMS) is the federal agency that runs Medicare. The program is funded in part by Social Security and Medicare taxes you pay on your income, in part through premiums that people with Medicare pay, and in part by the federal budget.

How hard is it to sell Medicare?

No, it's not hard to sell Medicare Supplements. When you're first starting, it should be easy, because everyone on Medicare needs one. It's just an insurance product. You're not a member – you're a policyholder, and that means a lot to people.

Can you make a lot of money selling Medicare?

Is Selling Medicare Lucrative? In short, yes. The average Medicare Advantage policy pays around $287 a year in commission if the purchase replaces an existing plan. However, you can get approximately double that — $573— if you write up a new Medicare Advantage plan for someone who hasn't had one before.

Is there money in selling Medicare?

When it comes to making money selling Medicare, there are two main ways you can earn income which include commissions and residual income. A commission or initial payment is the money you receive when a client enrolls in a new plan. This payment is paid to you directly from the insurance carrier.

What happens after a Med Supp lead is generated?

After a Med Supp lead is generated, the call recording is sent to management for review. Agents only receive prospects who have requested more info, so you can focus on following up with genuine lead opportunities.

How often does Medicare increase?

Every year seniors get a rate increase from their Medicare Supplement company – sometimes twice a year. Seniors living on fixed incomes simply cannot afford these crippling rate increases.

What is Scrubbed Sales Data?

Scrubbed sales data is filtered by the cities, zip codes, counties, or states indicated in your order. Standard filters for the best Medicare leads target seniors ages 67 to 80, income levels of at least $20,000, and MAPR below 20%.

Can you guarantee an internet lead is exclusive?

You can’t guarantee that an internet lead is truly exclusive when a prospect might have requested quotes across several websites – multiplying your competition for the steep price you pay. When we say exclusive, we mean it.

Direct Mail

Reach your specific target market with a business reply card or custom direct mail pieces. AGA passes on our bulk discounts to our agents, and on top of the bulk discounts, we offer the 50% co-op. Check out how much you can save on a direct mail campaign with AGA:

Internet Leads

Internet leads are generated online generally from a quote request or an appointment scheduling form. Many agents on our internet leads program tell us they prefer this style of lead because the lead is hot HOT when they receive it.

Social Media

Tailored social media programs using Facebook empower agents to reach target markets with a custom-built business page, relevant posts several times per week, and custom ads and landing pages with reply forms to collect exclusive leads. One benefit to our social media program is more control over your budget.

Events

Our events team puts you in front of prospects in your community. From live events, to virtual events, we have it all! Find what works for you and be the face of Medicare in your community!

Get Exclusive Medicare Leads

The need for Medicare Advantage and Medicare Supplement plans is large now and will continue to grow. If you are ready to get exclusive Medicare leads by being in the right place at the right time, we would love to discuss and support your marketing and advertising strategies.

What is shared lead?

Shared leads are high volume at a lower cost, ideal for larger agencies and call centers. Exclusive leads are only sold once resulting in higher closing rates, these are best for individual agents and smaller agencies. Buy Data Leads.

Do you pay more than the second highest bid?

Instead, you'll pay just a penny more than the second highest bid. This system allows you to buy the most leads for your budget, while ensuring that you never overpay for the lead. This system allows you to buy the most leads for your budget, while ensuring that you never overpay for a lead.

Do call leads transfer to you?

Call leads are transferred directly to you with no warm handoff from our call center. These leads are sold on a billable duration, so you only pay for calls that you're able to qualify for the plans that you offer.

What to do if you are on good terms with Medicare?

If you are on good terms, consider an agreement to exchange leads. Network with an Annuity or LTC specialist, or maybe a Retirement Planner or Investment Specialist that works with seniors but doesn’t want to deal with Medicare products. You have the same potential clients, so it should be beneficial to both parties.

What is outbound lead generation?

It is also called “Interruption lead generation”, and is the process where you seek out the attention of potential prospects, regardless of whether they may be looking for the information or not.

What are the two categories of lead generation?

Broadly speaking, there are 2 categories of lead generation: Inbound and Outbound .

What is the most popular method of lead generation?

Inbound is the more popular method of lead generation today. This is because it reflects the way people buy in today’s digital environment. The average person researches products for hours, on their own, before purchasing.

Why is it called permission lead generation?

It’s called Permission Lead Generation because of the fact they you are focusing on providing relevant content, like bread crumbs, that your prospective clients can follow back to you. It is the individual prospect who searches for and chooses the type and the timing of the interaction with your company.

Is buying leads good?

Purchasing internet leads can be an excellent solution for quick lead development, given that you can catch the lead in real time. The lifespan of an internet lead is incredibly short. They require an almost immediate response, or the odds of a sale drop dramatically.

Is direct mail increasing or decreasing?

The cost of direct mail is increasing at a time that the ROI is decreasing. Nevertheless, if used creatively, and fine tuned to the group you are searching for, can still produce results.

What is a qualified lead?

By contrast, a qualified lead is more detailed and typically includes specific information about the prospective patient such as the patient’s basic information plus his or her insurance coverage, diagnoses of illness and disability, prior medical condition, current medical needs, and other PHI.

What is the difference between qualified and unqualified leads?

Assuming an informed, written permission exists, the differences between a qualified and an unqualified lead are as follows: the purchase of an unqualified lead, while not safe, is unlikely to be prosecuted by the government in particular if the transmission of information complied with HIPAA. Qualified leads, containing specific information about the patient, are typically construed as a referral and may violate the anti-kickback statute as the government would see the payment for a referral violative of the anti-kickback statute. Criminal prosecutions in the past for the payment of qualified leads have confirmed this analysis.

What is the number to call for Medicare?

If either of these occur consumers are strongly encouraged to call 1-800-MEDICARE to file a report. If a Medicare beneficiary chooses to meet with a representative they should understand what to expect during the visit.

Can Medicare Advantage plan sales representatives call you?

Medicare has given permission to private companies to market and sell Medicare Advantage Plans and Part D prescription drug plans but there are very clear guidelines they must follow. Sales representatives are not allowed to call you unless you specifically ask them to do so. Door-to-door “cold calls” are also prohibited.

What to do if you think Medicare is calling you?

If you think the call is from Medicare, hang up and call them back at the national number. Then, if it was one of them, they can help you. However, if Medicare isn’t attempting to reach you, then you avoid a spammer trying to steal your information. Telemarketing calls attempt to commit fraud and theft.

How to report a fraudulent call to Medicare?

How to Report a Medicare Call. You can report a fraudulent call from someone claiming they worked for Medicare by going to the FTC Complaint Assistant. You can help protect yourself from fraudulent activities by never offering credit card or personal information to anyone.

How long after you register for Do Not Call list can you get spam calls?

Also, register both your cell phone and home phone to put an end to the calls. If you find you’re still getting spam calls 31 days after you register with the Do Not Call list, file a complaint. If you have a smartphone, you can install a call blocker.

Is a robocall the same as a doctor's appointment?

Not all robocalls are the same. Often, doctors’ offices will use a robocall to remind you of a doctor’s appointment. Keep this in mind when listening to a robocall. Not all robocalls are harmful, but about 40% of them are spam, and that’s why making reports is essential.

Can you get information from Medicare if you have Social Security?

When enrolling in Medicare, you should be aware that neither Social Security nor Medicare calls you to get information. Should any issue arise in which Medicare or Social Security needs any information from you, they’ll ALWAYS send you a letter to notify you. If you’re getting too many spam phone calls, you might want to get on ...

Will Medicare call you?

Medicare will never call you! Medicare may need information from you or may need to reach you; but, they’ll NEVER call. You’ll get a letter that will notify you of the necessary information that Medicare needs. Long story short, if the calls you’re receiving claim to be from Medicare, it’s a spam call.

Can Medicare call you asking for bank information?

In either of these scenarios or similar situations, do not give out your personal information. Medicare will never call you asking for bank information or credit card numbers.

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