Is selling Medicare easy?

1. Build & Maintain a Website. ...
2. Social Media Presence. ...
3. Video Marketing. ...
4. Blogging, Writing Articles. ...
5. Email. ...
6. Online Events: Live webinars, podcasts. ...
7. Direct Requests / Client Referrals. ...
8. Lead Swapping Partnerships (Asking other professionals for referrals)

How much do Medicare leads cost?

As mentioned previously, new Medicare Advantage pay $25 for each direct mail lead.

How do I study for AHIP?

Go through the AHIP training modules at least once, review them for a second time or third time if they're new to you. Take your time going through the information; don't rush to get through the modules. Let the details on each slide sink in, especially if it will be your first time taking this exam.

How do I get Medicare leads for free?

What are the three main ways in which Medicare sales occur?

There are three different types of Medicare products sold by agents and brokers: Medicare Supplement plans (Also called Medigap plans), Medicare Advantage plans and Medicare Part D Rx plans.

Can you advertise for Medicare?

Medicare private plans are allowed to conduct certain activities. For instance, companies can market their plan through direct mail, radio, television, and/or print advertisements. Agents can also visit your home if you invite them for a marketing appointment. Never feel pressured to join any plan.

Is it worth it to sell Medicare?

When you consider that approximately 10,000 people will turn 65 every day for the next 13 years, one thing becomes clear: it's definitely worth your time to sell to the senior market. If you're a health insurance agent who's not selling Medicare products, you should consider doing so.

What is the commission on a Medicare Advantage Plan?

Renewal commissions increased from $287/member/year to $301/member/year, a 4.88% increase. Here's a chart comparing the Medicare maximum broker commissions for 2022 vs. 2023. (By comparison, Medicare Advantage commission increases ranged from 6.25% to 6.55% for 2022.)

What is street level commission?

Street level commission is the base commission amount paid by the company you work for. This is normally expressed as "base commission" or "street level commission" on the rate sheet you receive from your insurance company or General Agent.

What license do I need to sell Medicare insurance in Florida?

The 2-15 agents license allows an agent to sell all forms of Life Insurance, Health Insurance, Medicare Supplement, HMO, Home Health Care, Managed Care and Long Term Care policies in Florida. Licensed agents may also sell Fixed Annuities.

What is AHIP certification?

AHIP certification is proof that you've completed a series of AHIP Medicare training courses and that you now know how to sell plans in a way that is compliant with up-to-date Centers for Medicare & Medicaid Services (CMS) regulations.

How do I become a Medicare agent in California?

To receive a California license to become a health insurance agent or broker a person must complete a state approved insurance course, pass a licensing exam, be fingerprinted for a background check, and have their application approved by the California Department of Insurance.

Which of the following areas is the marketing of Medicare health plans prohibited?

Plans/Part D Sponsors are prohibited from conducting sales presentations, distributing and accepting enrollment applications, and soliciting Medicare beneficiaries in areas where patients primarily receive health care services or are waiting to receive health care services.

Can you solicit Medicare Advantage prospects through email?

The only caveat: If you are initiating contact via email, you're required to include an opt-out opportunity. Direct unsolicited contact, such as text and direct messaging over social media, falls into the same category as unsolicited phone calls and door-to-door solicitation. This means it is not permitted.

What actions are prohibited during marketing sales events?

Cannot send unsolicited text messages and leave voicemail messages. May call or visit beneficiaries who attended a marketing/sales event prior permission is given and documented. Cannot approach beneficiaries in common areas (i.e. parking lots, hallways, lobbies, sidewalks).

What are Medicare leads?

Medicare Leads from Direct Mailer Campaigns. Sending direct mailers to gain Medicare leads is another method agents utilize. Running a direct mailer lead campaign can be pricey, but luckily, carriers and field marketing organizations (FMOs) often offer marketing co-op to help cover a percentage of the cost.

What is a T65 lead?

However, many people begin their insurance planning before they have the need. Turning 65 leads, also known as T65 leads or Medicare leads, are potential clients that are 64-years-of-age and ready to start looking at potential policy options.

How do you get ACA leads?

Ask for Referrals

Give your business cards to friends and family to distribute your contact information for you. Always ask for referrals from existing clients and the people you meet. Always follow up with referrals when you get them. Always ask for referrals from existing clients and the people you meet.

What is the pass rate of AHIP?

What is the AHIP exam like? The AHIP exam is 50 questions. Brokers have two hours to complete it, and they may print the AHIP training modules to use for the test. A passing score is 90% or higher.

What happens if I fail AHIP 3 times?

How many attempts at the AHIP test do I get? Three. If you fail three times, you can re-enroll and purchase another set of three attempts; however, many carriers will not accept three failures in a given year and prohibit you from selling their product during that plan year.

Is nahu easier than AHIP?

Whereas AHIP requires a 90 percent to pass, NAHU requires an 85 percent passing score.