Medicare insurance agents not only provide a needed service, but they help their communities and can easily build booming businesses in the process.
Becoming a Medicare Insurance Agent is Simple
Becoming a Medicare insurance agent takes fewer steps than you would think. Unless you work with an agency with its own preferences, there are no university requirements as a prerequisite for selling insurance. Instead, the barrier to entry is low, and the steps are laid out.
You must become a licensed insurance agent in your state and in any state you would like to sell insurance products in. This licensing process will involve studying for an exam, with possible classroom instruction. Once you pass the exam, you will need your AHIP certification for Medicare + Fraud, Waste & Abuse Training. Insurance carriers require this certification, which means you must learn how Medicare policies work, the enrollment process, and your role as an agent. With your license and certification, you can enter into contracts with top carriers and pass product-specific exams to sell those Medicare plans.
You Can Work Flexible Hours
As a licensed agent, you can become an entrepreneur and work for yourself. Set your hours, wake up when you want, and track your time as you learn what works best in your community.
You can work as an independent agent or for an insurance agency and choose whether to work with an FMO to aid in the contracting process and benefit from training and tools.
Huge Target Market
Most Medicare beneficiaries qualify for coverage due to age, and more people turn 65 each day. When you become a Medicare insurance agent, you can capitalize on these people’s need to find affordable coverage.
Help People
Insurance is a service industry where you put your time into comparing available Medicare plans and sorting them against your client’s priorities to find the most suitable options. The people who love this job find value in serving their communities every day. Saving one person hundreds of dollars in a year may seem small, but amplifying that savings all through your book of business has much more of an impact on the community and those peoples’ peace of mind.
Promise of Earnings
Medicare Advantage contracts need to be renewed each year in the fourth quarter. You receive a set compensation for each contract, which does not come from your clients’ pockets. To provide a service at no cost to the client is an opportunity to help others while you support a business.
Secure Work
The nation’s system for healthcare provides the need for these services. Every Medicare beneficiary needs to make decisions about their coverage, and it can be difficult or even anxiety-inducing to attempt alone. Medicare insurance sales are a stable source of income for the foreseeable future.
Work with Magellan Healthcare
Become a Medicare insurance agent and realize the potential in this growing industry.
