Do You Need a Medicare Insurance Agent?
Our agents can simplify the process of finding the right plan, answer your questions and help you enroll. CMS could consider setting commissions to ensure that agents are not motivated financially to favor a particular type of coverage, and therefore, can provide beneficiaries unconflicted advice. Insurers also may make additional payments, in addition to enrollment commissions. These administrative payments are paid to agencies for assuming administrative and operational responsibilities in support of an agent’s work soliciting and enrolling beneficiaries. These activities may include marketing, technology, training, and compliance; the agencies serve as an intermediary between agents and insurers. Agents typically secure contracts with multiple carriers, but they are not required to contract with all available carriers in their market. Here’s what’s required to be “ready-to-sell” a carrier’s Medicare products. As an InsurTech platform, we provide our agents with technology that h