What should I do if I'm turning 65 and want Medicare?
EVERYONE WHO IS TURNING 65 should complete these tasks: Get familiar with Medicare and its “parts” To learn about Medicare, see the “Introduction to Medicare” fact sheet. You can also visit Medicare.gov or call 1-800-MEDICARE (1-800-633-4227); TTY users should call 1-877-486-2048. Determine your Initial Enrollment Period
What is the turning 65 market for Medicare agents?
The Turning 65 Market is most appropriate agents interested in selling BOTH Medicare Advantage and Medicare Supplements. Additionally, this market is simpler to experience success if you have an intimate, intuitive understanding of how Medicare works.
Can I get a list of seniors who are turning 65?
Yes! You can get a list of Seniors who are Turning 65 in specific Months. So for example, you can get a list of everyone in your area, who is Turning 65 in January, February and March (or any other Months of the year). What Types of Businesses Can Benefit from using Turning 65 Medicare Leads?
What are 65 Medicare leads and how can they help your business?
Turning 65 Medicare Leads are extremely beneficial for Businesses in the Medicare Supplement & Financial sectors. These highly targeted leads help Businesses reach Seniors who are nearing retirement and who will be eligible for Medicare soon:
How do I get Medicare clients?
⍟ 14 Ways to Generate Medicare Supplement LeadsBuild & Maintain a Website. ... Social Media Presence. ... Video Marketing. ... Blogging, Writing Articles. ... Email. ... Online Events: Live webinars, podcasts. ... Direct Requests / Client Referrals. ... Lead Swapping Partnerships (Asking other professionals for referrals)More items...
How do you make money selling Medicare?
Generally, insurance agents often earn two types of commissions when selling Medicare plans: A dollar amount per application (Medicare Advantage and prescription drug plans) or a percentage of the premium sold (Medicare Supplements).
Who is the best person to talk to about Medicare?
Do you have questions about your Medicare coverage? 1-800-MEDICARE (1-800-633-4227) can help. TTY users should call 1-877-486-2048.
Is selling Medicare easy?
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.
Is selling Medicare Worth It?
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.
How much do Medicare leads cost?
As mentioned previously, new Medicare Advantage pay $25 for each direct mail lead.
Where can I get unbiased information about Medicare?
Call 1-800-MEDICARE For questions about your claims or other personal Medicare information, log into (or create) your secure Medicare account, or call us at 1-800-MEDICARE (1-800-633-4227). TTY users can call 1-877-486-2048.
Why do doctors not like Medicare Advantage plans?
If they don't say under budget, they end up losing money. Meaning, you may not receive the full extent of care. Thus, many doctors will likely tell you they do not like Medicare Advantage plans because private insurance companies make it difficult for them to get paid for their services.
How does Medicare helpline make money?
The Medicare Coverage Hotline is a private for-profit lead generation campaign and does not offer insurance and is not an insurance agency or broker. Your call is sold to a licensed insurance agent to give you information about your Medicare Advantage Plans.
Can you sell Medicare door to door?
MA/PD PLANS May not market to beneficiaries door to door, including leaving materials at a beneficiary's doorstep. May call a beneficiary they enrolled in a plan to discuss plan business, as well as discuss the availability of other plan options/types within the same parent organization.
Is Medicare easier to sell than life insurance?
But those without such coverage usually delivers lower benefits. Because the product is simple, your selling process becomes quicker, unlike traditional life insurance policies that may need more than an hour's worth of explanation.
Can you sell life insurance and Medicare at the same time?
Under CMS guidelines, brokers are not permitted to cross-sell nonhealth-related products during a Medicare Advantage or Part D sale. So, anything that is not a health-related product, such as life insurance policies or annuities, cannot be cross-sold during a Medicare sale.
When do insurance agents buy their 65 list?
That’s why Insurance marketers will buy their turning 65 list about 5 months before the prospects actually turn 65. It is also why insurance agents will mail to the Turning 65-er more than once. Proactive insurance agents need to position themselves as a Medicare specialist.
How many people are turning 65?
According to Pew Research & the AARP, roughly 10,000 individuals are Turning 65 every day. They are great prospects for Medicare Supplement policies as well as other insurance products. Studies have shown that the Turning 65 market is best reached via direct mail. That is because direct mail is the only way to reach 100% of the Turning 65-ers.
Can T65 clients cross sell?
A new Medicare client is also a great opportunity for cross-selling other lines. Many T65-ers will also buy Long Term Care insurance to cover long-terms care living expenses. Once an insurance agent establishes themselves with their new client, they can position themselves as an authority for other insurance products.
What is a Medicare 65 list?
What is a Turning 65 List? This is a Medicare leads list, that includes the Names and Addresses of people who are about to turn 65 years old and who are aging into Medicare. You can choose to target a specific geographical area, such as:
When do seniors turn 65?
So for example, you can get a list of everyone in your area, who is Turning 65 in January, February and March (or any other Months of the year).
How long does it take to build a turning 65 list?
You can purchase a Turning 65 List on our website or with a List Specialist over the phone. On average, it takes about 5 minutes to build and purchase a Turning 65 List. We offer 3 easy-to-use List Formats: Excel / CSV file.
What is selling in senior living?
Selling in senior living is one of the most relational, consultative selling situations you’ll ever encounter. To be successful it is imperative that you are your most authentic self and you build a relationship as a trusted advisor to your prospective resident and their family members.
Why are sales counselors so successful?
The most successful sales counselors are successful because they have become trusted advisors. They ask tough questions when appropriate. This is the time to begin asking difficult questions, assisting your prospect in the often-difficult journey of moving from their treasured home to a community.
Do people want to make their homes their home?
They want the option to upgrade, customize, and have the same luxuries and amenities in their apartments that they had in their homes. It’s okay to negotiate with the prospect and be open to allowing some latitude with renovations and fixtures.
How many leads does a full time agent take?
Agents can order one-time orders or ongoing orders. We recommend on-going orders. Most full-time agents take 20 leads weekly or more. The agent pays for the mailers upfront for 3 to 4 weeks before receiving replies.
What is a dual eligible person?
Folks labeled as “Dual Eligible” (or D-SNP) who have both Medicare and Medicaid or, Have access to a special plan to cover their chronic disease like diabetes. Our goal is to meet with prospects, build rapport and trust, then discover opportunities for better Medicare Advantage plans.
Can an agent cold call for Medicare Advantage?
With Medicare Advantage, there is far more compliance rules to adhere to regarding the sale of Medicare Advantage programs. For example, an agent cannot cold call for Medicare Advantage business. Because of these compliance guidelines, we rely on paid leads to sell Medicare Advantage.
Is the Ad Response Rate higher for Medicare Advantage?
Ad response rates are higher. And there is a greater “open-mindedness” to exploring other Medicare plan options. Unlike selling Medicare Supplements whose benefits are the same between carriers, Medicare Advantage carriers all have different co-pays, deductibles, and networks. Plus, these plans may change year-to-year.
When can I sign up for Medicare?
2. Get ready for Medicare. Starting three months before the month you turn 65, you can enroll in Medicare. You can also sign up in your birthday month and the three months following your 65 th birthday.
When do I need to enroll in Medicare Part A and B?
Note: if you work for a small employer with fewer than 20 employees, Medicare is primary, so you need to enroll in both Medicare Parts A and B during your initial enrollment period as you turn 65.
What to do on your 65th birthday?
Use it as an opportunity to make sure all your important legal paperwork is in order. Review your will, powers of attorney, and advance directives for medical care to make sure that everything still reflects your current wishes.
What happens if you get your Medicare Part B wrong?
If you get this wrong, you will later have to pay a 10% penalty for every year that you waited to enroll. This penalty is added to your Part B premiums, so you’ll pay it for as long as you are enrolled in Part B. 3.
What does it mean to be 65?
Start unlocking new travel deals. Turning 65 means more than just insurance choices. Whether you’re taking a much-deserved tropical getaway or making a quick trip to visit your grandchildren, you may be entitled to a new travel discount. Delta, American, and United all offer senior discounts on selected flights.
How much higher will my unemployment be if I wait until my 70th birthday?
If you can wait until your 70 th birthday to start receiving benefits, each payment will be 30.7% higher than what it would have been when you were 66 years and two months old.
How to get Social Security benefits if you were born in 1955?
If you were born in 1955, you already know that you haven’t quite hit what the Social Security Administration has deemed your Full Retirement Age. You can start receiving benefits now, but unless you wait until you hit 66 years and two months of age, you’ll receive a reduced benefit.