While shopping for health insurance, you probably heard the term for Medicare insurance agents. Medicare agents and/or brokers provide unbiased opinions about health insurance plan options.
What most new Medicare beneficiaries don’t realize is working with an agent is completely free, and can actually save you money, time, and frustration.
Medicare Insurance Agents
Most individuals expect to pay a fee for agent services. Either up-front or in the form of a higher monthly premium. But the fact is, working with an agent usually costs less than working with an insurance company directly.
There are two reasons for this:
- There are no up-front fees, and your premium will be the same as if you had bought the policy directly from the carrier
- An agent can actually save you money on your monthly premiums
Our agents can quickly get quotes from multiple insurance companies. Thus, helping you get a better price than you might be able to find on your own.
Benefits of Working with Medicare Brokers vs Working Directly with the Carrier
Unlike carrier agents receiving employment through one insurance company, independent Medicare agents aren’t on an insurance company’s payroll.
That means they can focus on helping you get the policy that works best – no matter which insurance company provides you the coverage.
How Does a Medicare Agent Get Paid
They receive compensation from the insurance carrier so there is no cost to you for their expert advice and services. Using a broker or independent agent allows you to get objective information about many insurance companies without bias. If you speak to an agent or broker and they have a service fee, you may want to think twice.
Get Help Navigating the Medicare Maze
Medicare is full of jargon, similar-sounding plans, deadlines, and hidden costs. If you never dealt with that before, you have a steep learning curve ahead of you. That’s where a Medicare agent comes into play.
A licensed Medicare agent and/or broker can quickly and efficiently search dozens of plans from different insurers, saving you time. Many enrollees don’t realize that different insurance companies charge different premiums for the same policy.
Medicare Supplement insurance brokers can help you decide which level of coverage is best for you, based on your needs and budget. They do this every day.
This means a broker can spot issues and can give you advice based on experience. When you contact a reputable broker for a quote, your quote should come without any obligation.
Each Medigap Plan sets its own premium pricing. This means, one Medigap insurance company can charge a higher premium rate than another. Medical underwriting allows insurance companies to determine premium costs, according to the client’s health condition.
Licensed Medicare agents work with many different insurance carriers. Giving them the proper tools to determine whether a client can pass medical underwriting for a certain insurance company.
How Can a Medicare Supplement Broker Help Me
Most people turn to the internet to collect information about Medicare. Many people start at Medicare.gov; while Medicare.gov is a great source of the basics of Medicare, more often it prompts even more questions than answers.
You start to read about Part C, Part A, Part B, Part D and all kinds of different enrollment periods. You read about donut holes, not the kind you eat but the kind that cost you a ton of money if you reach that point.
After hours of trying to find out about coverage, you create more confusion than in the beginning.
Ultimately, you come to the conclusion that speaking to an expert will be the best thing for you, but who? Your neighbor is on Medicare, but does he really know everything? He likes his plan, but is it the best for you?
You can call and insurance company direct, but will they be completely honest about their competitors.
Why You Should Choose MedicareFAQ
Thousands of Medicare beneficiaries complain every year about the overwhelming amount of information. Our agents will provide you with easy-to-understand & simple education about how Medicare works.
By providing information in a more digestible way; breaking down the confusing parts and answering your questions. Our team of Medicare insurance agents provides excellent care, priding themselves on your satisfaction.
Mostly, using a reputable broker for quotes and plan suggestions is vital.
Many insurance companies offer their agents bonuses when they meet certain sales goals. Therefore, agents are more likely to sell more expensive policies, even if the consumer doesn’t need it. Due to this, Medicare agents have a reputation of being all in the same, but that’s not at all true.
If a policy is the right choice for you, our team will suggest it; no matter which insurance company offers it. Plus, when you use our services, you’ll always have the support from not only your agent but from our Client Care Team.
Zero Dollar Charge for Our Services
Working with us is the most beneficial route when picking a health insurance plan. The biggest perk, consumers don’t pay a dime extra when using our services, they’re completely free!
Clients don’t have the same access to certain data. We have access to a collective database including insurance providers and plan prices. Making comparing options much easier for you.
We can inform you of multiple healthcare options without pushing you towards a certain type of plan. However, our main goal is to give you all the information you need to make your own decision on coverage.
A broker will have precise information of all of the companies that are represented giving you the proper information needed to make an informed decision.
They will also have a better idea of which carriers have more conservative rate increases as they see all the prices, allowing them to guide you to a decision that will not only be good for your current situation but also benefit you in the future by keeping your increases at a minimum.
An Agent Must be Licensed in Your State
Medicare Supplement brokers and Medicare Advantage brokers must have a license in the state where they sell insurance policies. In addition, brokers must complete extra training pertaining to Medicare.
It’s important to do some research before choosing a broker to consult with. Just because they have a license doesn’t mean they have experience. Moreover, not all brokers have your best interests in mind.
Should I Bundle My Medicare Insurance
Some agents work for insurance companies that handle all kinds of insurance, like auto coverage, property, and life insurance. Sounds convenient right? Using the same insurance company for all your insurance needs. Unfortunately, it’s not that simple. This suggests the agent/broker knows a little bit about many subjects.
Unlike most insurance, Medicare insurance is not one you should “bundle.”
Medicare Insurance Brokers Near Me
With today’s technology, you don’t need to waste your time driving down to a local insurance office to meet with a local broker. Today, agents are licensed in multiple states, if not all states, to make it more convenient for beneficiaries.
When you contact MedicareFAQ, we’ll collect some information to see what is important to you, find out your needs and wants, and then provide all the information to help you decide what is best for you.
This will give you the fact-based information you need, which carriers fit your needs, and the coverage you want.
What You’ll Get from a MedicareFAQ Agent:
- A customized comparison that fits the needs and desires of the coverage you are seeking
- A more comprehensive range of Medicare Plan options
- A positive and time-effective experience that allows transparency of the plans comparative features, benefits, prices, and options from different health insurance companies
- The ability to not only get all your information in one place but also can complete the enrollment at one time. Less time-consuming
- No additional charges, the cost of a broker is $0. The plans are government regulated so the prices are the same no matter where you enroll
- Clear, concise and unbiased information for your Medicare Options
Call us today to speak with one of our licensed insurance agents. Or you can complete our online rate form to have an agent contact you now.