Updated: Jan 7
We've all experienced life difficulties, whether from moving to a new city or starting a new job. At first, these scenarios in life may have seemed a little daunting. But once you've already got a grasp of the basics, they likely became easier.
The same can be said for Medicare. From choosing the right plan that best fits the needs of the people in need to help achieve their personal health goals, they'll surely come to an insurance agent or health insurance broker to assist their needs.
What is Medicare?
Medicare is a federal health insurance program for people 65 and older and younger people with specific disabilities. Moreover, every year, many people turn 65 that gets eligible for Medicare services. With that, there's a need for more agents, brokers, and advisors who can assist them well. If you aren't aware, before venturing into the medicare marketplace, there are regulations to follow. An individual must study Medicare insurance and other related courses on it. Accordingly, there's an annual certification to take. If you are lucky to become an expert and build a decent business portfolio, it's all worth the wait.
What captures people in this industry is the renewals it provides. It's already a fact that no one gets rich in the first period or a couple of years on any job type. But, here in Medicare, you can earn up to 50% of renewals on your first-year commission that could last for a lifetime. Isn't it great? Hence, if an insurance agent grows a 500 Medicare advantage plans book, their monthly renewals may be $10K per month.
There's a need for insurance.
Beyond this global pandemic, people, especially in the United States, still need insurance. How do agents and brokers can help? Many people can be your clients, and when they become your clients, they can refer to you as well. If you have good performance, you'll get more people to you. Imagine how your life could change when you grow your book to 500-1000 members.
What are you waiting for?
With complex terminology and many careers to choose from, becoming a Medicare insurance agent is the right choice. But you don't have to do it alone. Here at The Medicare Greek, we help people and insurance agents, brokers, or advisers who are not yet in the Medicare marketplace.
Aside from the benefits that your job provides, you can help other people too. You'll have the capacity to be knowledgeable when it comes time to the selection of a plan. You'll review their specific health care needs, explain coverage options across different insurance companies, and help you avoid unnecessary penalties.
If you don't know how to get started, check out The Medicare Greek's website. For the best training, we can help you too. We also have a website where you can contract with us or pay a monthly subscription fee for the industry's best training. Every day, about 10,000 people will turn 65 and become eligible for Medicare services. As reports say, this trend will continue until 2029. What are you doing? Will you get your share, or will you miss it?
For more details, feel free to reach out if you have questions or want to discuss anything about our services.