How Medicare Agents Are Paid
As professional independent insurance agents, our job is to provide you with a trustworthy opinion on different Medicare plans available in your area. Our agency is partnered with a variety of insurance carriers, and we strive to not be biased or show favoritism to any single company.
Our job is to provide you with the best possible advice, and we take that job seriously.
With that in mind, you may be wondering how our agents get paid. Here’s what you need to know.
How Do Medicare Agents Get Paid?
An insurance agency like Advocate Health Advisors typically contracts with a number of different insurance companies. This allows us to offer our clients a variety of different options, increasing the chances that they will be shown a plan that suits their specific needs. Whenever we sell one of the plans offered by one of the carriers, our agents receive a commission.
The process looks like this:
- You request more information about Medicare plans
- We provide you with a quote by comparing rates in your area
- You review each policy with us and choose which one is best for you
- We receive a commission from the insurance company
- You reach out to us for continuing support
You Don’t Pay Us
Medicare agents are not paid by their clients; they are paid directly by the insurance company. As stated in the previous section, each time one of our clients purchases an insurance plan, we receive a commission. This commission may be shared amongst employees if multiple employees were involved in the sale, but in most cases, the entire amount goes to a single agent.
While it may be true that you don’t pay us, that doesn’t mean we don’t have the incentive to work hard for you. At Advocate Health Advisors, we put customer service at the forefront of our operations, so you can trust us to help you find high-quality coverage that lasts you a lifetime.
Why Work With a Medicare Agent
Preferably, you will only have to choose your Medicare benefits once. Working with a Medicare agent will make it easier to structure your benefits in a way that is suitable for the long term. An agent can also help you understand how Medicare plans work and guide you toward coverage that is appropriate for your circumstances.
Our agents can also provide you with vital information, like financial ratings and rate trends that would be difficult to uncover on your own. These details can be useful for making a more informed decision, so you won’t want to pick your Medicare plan without it.
To get in touch with a Medicare agent, please contact us today at (800) 709-5513.