Agent Commissions in Medicare and the Impact on Beneficiary Choice

This varies by carrier, as do the specifics of product and compliance training. ‌The test costs $175, but many carriers offer a discounted rate of $125 when you take it through one of their portals. Medicare Supplement costs in Phoenix, Arizona vary significantly. This communication is intended for use by brokers only and is not intended for distribution to Medicare beneficiaries. Any publication or distribution of this communication to unauthorized recipients without Aetna’s approval is prohibited.

I am helping my parents look for an agent that can help them through the process. Thanks for your tip on finding one that is licensed here in California and look into their previous experiences to ensure that they are in the right hands. If a policy is right for you, our team medicare agent will suggest it; regardless of which company offers it. Plus, when you use our services, you’ll always have support from not only your agent but from our Client Care Team. Our agents will provide you with easy-to-understand and simple education about how Medicare works.

This is a solicitation of insurance, and your response may generate communication from a licensed producer/agent. You should ask if the broker or agent will review all plans available where you live — or if they will limit their review to a small selection of plans. There are some differences between how a captive agent, independent agent and broker function. The chief differences may be something you should consider when making a decision on which professional to choose. Lamia Chowdhury is a financial content editor for RetireGuide and has over three years of marketing experience in the finance industry. She has written copy for both digital and print pieces ranging from blogs, radio scripts and search ads to billboards, brochures, mailers and more.

It’s FREE. It’s ANONYMOUS. You DO NOT ENTER any personal information to access the information. Medicare is highly regulated and many of the carriers have different contracting and appointment processes to get their agents ready to sell . You will need to be patient during this process as it can take some time to get your approvals from each company. You must complete a contract with each insurance company in order to be appointed to sell.

By providing information in a more digestible way, breaking down the confusing parts, and answering your questions. Our team of agents offers excellent care, priding themselves on your satisfaction. After learning about the kind of donut hole that you can’t eat but is quite expensive, new Medicare beneficiaries still don’t know how to proceed. They might ask their neighbor about his plan that he’s happy with. Yet, since plans aren’t one-size-fits-all, it would be better if he recommended an agent who helped him find the best fit. In contrast, most people turn to the internet to collect information.

Every day, 11,000 baby boomers turn 65 and age into Medicare. Just in 2021 alone, 26 million people enrolled in a Medicare Advantage plan, and that number is expected to dramatically grow. By 2035, there will be almost 80 million people aged 65 years or older. Caremark.com is the secure website where Aetna Medicare SilverScript members can manage prescriptions, sign up for mail delivery, view order status, find drug pricing, and identify savings options. For group plans, please refer to your Benefit Plan Document (Certificate of Coverage/Insurance or Summary Plan Description/Administrative Services Only) for more information on the company providing your benefits.