Medicare Blog

how to sell medicare all year long

by Dwight Wiza Published 2 years ago Updated 1 year ago
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Can you sell Medicare all year long?

As you may know, Medicare Supplements can be sold year-round and do not require new certifications annually, unlike Medicare Advantage plans.Jan 25, 2021

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).Jul 26, 2021

Can you make a good living selling Medicare insurance?

‌You can make a difference and a good living by selling Medicare Advantage plans. To get started, you'll need to learn about the different coverage options and rules for eligibility. You'll also need to get licensed, connect with carriers, and complete some training. ‌It sounds like a lot at first, but don't worry.Feb 22, 2022

What are 3 main ways in which Medicare sales occur?

There are three different types of Medicare products sold by agents and brokers: Medicare Supplement plans (Also called Medigap plans), Medicare Advantage plans and Medicare Part D Rx plans.Mar 10, 2017

Can you make millions selling insurance?

Is It Possible To Become A Millionaire Selling Insurance? A big yes. But like any other job, it takes time to be good at what you do and attain such income levels. Top agents earn anywhere between $100,000 to one million dollars.Dec 6, 2021

How do you market a Medicare Advantage Plan?

Medicare Advantage Marketing to current patients
  1. Targeted mail and emails for patients 65+
  2. Reminders for current patients during open enrollment.
  3. Informational blogs and social media posts.
  4. Posters in your office.
  5. Referring patients to an informational page on your website with a lead capture.

Is it hard 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.May 26, 2020

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.Jul 1, 2020

What is a Medicare Advantage sponsor?

CMS uses the term “plan sponsor” to describe an organization that has an approved, active contract with the federal government to offer Medicare Advantage plans, prescription drug plans, and 1876 cost plans. A plan sponsor can be an employer, a union, or a health insurance carrier.Oct 19, 2017

What is a Medicare FMO?

A field marketing organization (FMO) is basically the same as an independent marketing organization (IMO). FMOs are typically top-level organizations that are licensed to sell health insurance products in most, if not all, states.

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.

What Is Medicare Advantage?

DD: I’d like to start with the basics, Luis. I’m sure there are a lot of people who have heard about Medicare, maybe they’re brand new agents or so...

Is Medicare Advantage A Tough Sell?

DD: When I started in final expense sales, I saw many Medicare Advantage prospects, but I never sold any Medicare Advantage plans.Why? Because agen...

How To Get Certified To Sell Medicare Advantage Plans?

DD: What’s the process for somebody who wants to learn how to become a Medicare Advantage insurance agent?You have to do more than getting your ins...

What Happens After AHIP?

Once you get that AHIP done then you’ve done about 70% of your required certifications.Each carrier that you’re appointed with wants to make sure t...

What Are The Long-Term Benefits Of Selling Medicare Insurance?

DD: What would you describe as the long-term advantages selling Medicare Advantage plans as your primary line of business?LM: When you’re doing cro...

Commission For Selling Medicare Advantage Plans?

DD: A lot of agents are looking at this like we’ve talked about it from a final expense standpoint.They’re used to getting pretty high first year c...

How Long Would It Take To Write 500 Sales?

DD: How long do you think it would take to write 500 pieces of business? Somebody who’s serious about this business, they’re full-time, they really...

Can You Cross Sell?

DD: When we look at new Medicare Advantage clients, ones that we found or wrote from maybe one of these referral partners, what’s the guidelines on...

When Can You Sell Medicare Advantage?

DD: A lot of agents look at the Medicare Advantage business and think they can only sell these products when the person turns 65 and then if not, o...

Learn more about how to start selling Medicare plans quickly

Every day, 11,000 baby boomers turn 65 years old. In 2019, 22 million people enrolled in a Medicare Advantage plan, and that number is only going to grow. By 2035, there will be almost 80 million people aged 65+.

How to Start Selling Medicare Products

If you’re ready to become a successful independent insurance agent and build a strong residual income, you DO NOT have to do it alone.

Rachel Brown

As I get ready for my 6th AEP, I am so excited to be under AGA! I have never been treated so well as an agent and sometimes I can’t believe just how supportive AGA has been.

Matt Fletcher

I was very skeptical about the agent website at first. Man was I wrong. I have marketed my website for only a couple of months and seen amazing results. AGA takes your business to the next level.

Here are some Frequently Asked Questions from others just like you

AGA is a Medicare Agency that represents most major Medicare Advantage and Medicare Supplement products in the market. Our mission is to take administrative duties off your desk and help you focus more on what you do best, selling.

Learn more about how to start selling Medicare plans quickly

Remove all barriers. You are the most important resource to those you choose to help. We can’t wait to help you be successful in selling Medicare products!

Free New Agent Resources

We’ve created an assortment of new agent resources, free for you to download! These free tools are designed specifically for insurance agents. Boost your Medicare sales and make marketing easier and more effective. Take a look and download what you need.

What is the age limit for Medicare?

LM: When somebody has Medicare they’re normally 65 and over. You do have a segment of the population under 65 that get Medicare who are usually disabled. Once someone is on Medicare they have two options – Medicare Advantage or Medicare Supplement. There’s not a good or a bad option, there is simply two options.

Does Medicare Advantage include prescriptions?

For Medicare Advantage a prescription plan is included. The copays per carrier are probably different, but they function the same way. All you’ve got to do is pull up the formulary, which is usually in a PDF and just do the search for the medications and make sure they’re in there.

What is Medicare Advantage?

We’re going to focus today on selling Medicare Advantage plans. Medicare Advantage is a plan that helps fill the gaps that naturally occur with a Medicare plan. For example, common carriers include: United Healthcare. Blue Cross Blue Shield. Aetna. Humana.

What is the difference between Medicare Supplement and Advantage?

As long as you’ve done that you’ve done your CYA. The other difference between a Supplement and an Advantage plan is you have a prescription portion. So you’ve got to sell a prescription drug plan with a Medicare Supplement.

Can you door knock Medicare Advantage?

Now in the Medicare Advantage world if you don’t have permission to contact you’re not supposed to contact. You can’t door knock for Medicare Advantage, so you’ve got to wait for it to come to you, but you can put a lot of honey out there to attract the bees.

How long do you have to record a phone call?

the phone call, and the recorded conversations—which constitute the signatures of the applicant as well as the agent—must be stored securely in a digital format for at least 10 years.

Is it good to sell at the kitchen table?

Selling at the kitchen table is still the best way to develop a personal connection with your client. However, let’s be honest, some people are not comfortable inviting sales people inside their homes. They could be shy or embarrassed by their home, or maybe they are afraid of high-pressure sales tactics. Also, there are people who would buy insurance from you, but they may live too far away for you to visit them.

How Much Money Can You Make Selling Medicare?

With more than 10,000 baby boomers turning 65 every single day, there is an increasing opportunity to sell Medicare insurance policies. However, many aspiring agents wonder how much money they can really make selling Medicare.

Interested in a Career as an Independent Agent?

Here at MCC Brokerage, we provide our agents with the tools they need to be successful when selling Medicare products.

What happens if you go out and try to change Medicare?

If you go out and try to change Medicare or reduce benefits, you will have millions of seniors go to the voting register and vote the bonds out, Republican or Democrat.

Can attrition rate agents keep up with the same ratio?

And if you look at the attrition rate agents failing out of the business, quitting out of the business and versus the ones that are coming in on top of the number of prospects coming in, it cannot keep up at the same ratio.

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