What is a Medicare Broker, anyways? If you are approaching 65 you may be exploring Medicare and looking for answers to this question. Alternatively, you may already be on Medicare and wondering why you don’t have a broker on your side!
A Medicare broker is an independent insurance agent that gives you an unbiased opinion on your Medicare plan options. These agents are appointed by many different insurance companies so that they can find the right fit for you.
Let’s look at the reasons why you will never want to search for Medicare plans on your own again.
1. You Pay Nothing
Yep, that’s right… you pay nothing for having an agent on your side. Medicare brokers are paid directly from the insurance companies. A portion of every insurance plan is set aside to be paid to the agent.
This means, if you call an insurance carrier directly, they will give their employee this commission. Remember, their employee can only give you quotes from their company. Then again, if you use a Medicare broker, the insurance company will pay that broker the commission instead.
2. Unbiased Quotes
Think of a Medicare broker as your one-stop shop. You will never feel pressured to buy a specific product. As independent agents, Medicare brokers work to provide you unbiased information so that you can make your own choice.
Brokers like us can take your information and run quotes among 25+ insurance agents to shop around until we find the most cost-effective plan for you.
3. Don’t Wait On-Hold
Have you ever tried to call an insurance company? Did you get someone on the phone right away? You are usually lucky if you get past the automated system to begin with.
You go through all the prompts before you reach a representative. With an agency like ours, you can say goodbye to those calls for good. We are your advocates and call the insurance companies for you if there is an issue we cannot resolve.
4. Expert Knowledge
As mentioned, brokers work with a variety of companies. The diversity of working with different underwriting rules gives brokers the insight to know whether a client can pass underwriting for any company. This alone can save you the annoyance of too much time and paperwork.
Additionally, Medicare is confusing! We work hard to simplify it and teach you the main things you need to know.
5. Problems Solving
You wouldn’t believe the plethora of issues that can arise for beneficiaries. Whether it is a medical billing error, incorrect Medicare premium penalties, or a medication exception issue; a brokerage like ours can help with all of the above.
Whether we need to file a Medicare appeal for you or call your doctor to help get a prescription exception done, our team is on it. And again, what do you pay for the extra service? Nothing.
In all, it is hard to think of reasons why anyone wouldn’t use a Medicare broker. From beginning to end, having someone on your side in the Medicare jungle will make a world of difference. Get help with your Medicare decisions from a licensed Medicare broker, today.
Your sanity and pocketbook will thank you!