With Medicare, you have a couple options for finding health coverage that fits your needs.
You can do everything yourself, but that can get pretty time-consuming and complicated.
The other option is to work with a broker. Medicare plan brokers educate, comparison shop, and impartially evaluate plans with clients in order to find the best fit.
We’re here to answer questions that come up anytime during the entire life of your policy. You have a direct line to the same licensed, experienced broker all the time without going through call centers or phone menus.
And the Medicare plan cost won’t be any different whether you do all the work yourself or let a broker help you.
Confused about your Medicare coverage options? Watch our free video: How to Find the Best Medicare Coverage Without Paying More Than You Need To…
Here are 6 reasons to work with a Medicare plan broker instead of trying to go it alone.
1. Expertise.
Medicare is confusing. There are parts and plans and everything is named with letters and lots and lots of rules. And there are changes every year.
For many people who are used to having group health insurance through an employer, enrolling in Medicare is the first time they have to evaluate all available health plans and choose the best fit for their own coverage.
If you choose a plan that isn’t the best fit for you, you could spend thousands of dollars more than you need to.
Medicare plan brokers have required training beyond standard health insurance training. They are experts in how Medicare and Medicare plans work and can help you understand what your options are and how to evaluate which coverage choices are best for you.
2. Options.
Medicare plan brokers don’t sell plans for only one company. We contract with many companies, so we can do true comparison shopping with you across different types of Medicare plans and many different companies to find the right one for you.
We have no loyalty to any one insurance company, so we’re free to look at all the options available for you.
3. Brokers work for you – not for insurance companies.
Although we do get paid by insurance companies, we work for our clients.
The insurance companies all pay around the same amount in commissions, so a broker doesn’t really have a financial motive to push you toward one particular company over another.
What grows an honest broker’s business and income is customer loyalty. We work with the same clients for decades because we are always putting their interests first and finding the best plan for each client.
That gives positive results for our clients and for our business.
4. A broker’s help is free to you.
The prices for Medicare plans are approved by Medicare and state departments of insurance, depending on the plan.
The price is the price.
Buying direct with an insurance company won’t be any lower cost than buying through a broker.
Broker commissions are built into the monthly premium costs whether you use a broker or not. If you buy through a broker, the broker gets paid the commission.
If you buy direct with an insurance company, the insurance company keeps the commission, and you miss out on all the broker’s knowledgeable, free advice.
Since there is no cost savings to going it alone, why not use a broker’s help?
5. Save time.
In each zip code, there are dozens of plan options. In some areas, there are hundreds.
It is really time-consuming to go through all of them and learn enough to make an informed choice.
As brokers, we study all the plans in detail. We are Medicare plan specialists. Because of that, with most clients, we can narrow the choices to the best few options for your unique situation in a one hour meeting.
6. Service.
We aren’t here to sell you something and then let you fend for yourself.
Brokers are present for their clients for years to answer questions, advocate with insurance companies, and help switch plans or companies when that’s in your best interest.
Working with a broker has a lot of benefits. How do you choose a broker?
1. Make sure the broker is licensed in your state. All of us have a National Producer Number and state Dept. of Insurance websites have search functions so you can make sure the person you’re working with has a legitimate license.
2. Ratings from the broker’s local Better Business Bureau and other organizations can help you find out what others in the community have experienced working with a particular broker.
3. Make an appointment and speak with a broker. You aren’t obligated to purchase anything.
Ask questions and decide if this is a broker you trust to help with your Medicare coverage decisions.
In the end, the best brokers are the ones who are knowledgeable about all the intricacies of Medicare and Medicare plans, listen to clients, answer all questions that come up, and continue to be easily reachable after you’ve signed a plan application.
If you have questions about your Medicare coverage, please feel free to call our office at 877-312-1414 or schedule a free, no obligation Medicare Plan Consultation. We’ve been here for over 40 years because we work for you.
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