Agent Broker Compensation

Aim for a variety of plans so that you can meet these different needs. Certain carriers allow you to skip the contracting process if you already sell their other products. Others require you to contract for each new product line you sell. Double-check with your point of contact at each carrier to make sure you understand the proper procedure.

Many carriers have minimum product requirements, for example, at least one enrollment per product. Most new agents want to rush in and offer every Medicare Advantage plan from day one. It's an understandable ambition, but it can quickly become overwhelming. Once you've started selling, you'll need to recertify with each carrier annually. Doing so ensures that you stay up to date on Medicare regulations and the yearly shifts in each carrier's offerings. Starting early also means that you can begin onboarding more clients earlier.

This can include many things such as shots or vaccines that are recommended by healthcare professionals. There's a wide array of software solutions available to make it easy for you to provide clear and accurate medicare agent Medicare quotes for your clients. Choose one that allows you to offer quotes from several carriers at once, build in discounts, and estimate healthcare costs so they can get a full view of their options.

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Whether you choose to be an independent insurance agent or work with a team, you can build and maintain a good business selling Medicare Advantage plans. The key is to stick with it and cultivate a long-term client base. ‌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. This Content is for informational, cost-comparison purposes only.