Home Professional Services What is a Senior Medicare Insurance Agent, and why You Need One?

What is a Senior Medicare Insurance Agent, and why You Need One?



Medicare and its multiple plans can be quite confusing for an individual to understand. Online guides and friends can be very helpful, but having an expert to guide you in choosing your individual needs’ best plans has its advantages. It is where a senior Medicare insurance agent comes in.


A senior Medicare insurance agent in Kentucky or anywhere is a licensed professional that helps you review and evaluate different Medicare plans and their advantages and guides you in choosing a suitable one.


There are two types of Medicare insurance agents. The first is the independent Medicare agent. These Medicare agents work with many different insurance companies and can enroll you in health plans from any of them.


The second type is the captive Medicare agent. Unlike independent agents, captive agents work with only one insurance company and are limited to plans offered by that particular insurer when assisting Medicare beneficiaries.


If you want to keep multiple options open for you, you may like to work with an independent senior Medicare insurance agent. They are not bound to just one insurer. They can enroll you in plans from different insurance companies.


Since independent senior Medicare insurance agents represent different insurance companies, you get to pick from a wider variety of plans when working with them. And since they are not employed or bound to just one insurer, you’re more likely to get objective recommendations from them.

senior Medicare insurance agents

How a Senior Medicare Insurance Agent Help You?


Medicare agents are very knowledgeable about different Medicare plans. Every year they have to complete their training and pass a test based on their grasp of Medicare and its health and prescription drug plan. Here are the main ways senior Medicare insurance agents can help you:


Evaluate Your Current Coverage.

Medicare agents can also help you review your current coverage plan to see if it still meets your needs. In case it doesn’t, they can suggest you other options to choose from and help you change plans. It’s one of the significant reasons people seek the assistance of senior Medicare insurance agent in Indiana.


Review Health Plan.

Buying a health coverage plan can be expensive. Therefore, you want to make sure that you select a plan (or combination of plans) that suits your needs the most. But Medicare plans, their rules, benefits, and exceptions can be quite overwhelming to navigate on one’s own.

An experienced senior Medicare insurance agent can help you shortlist your options and eventually settle on one. They will speak with you to gain a solid understanding of your finances and health needs and then offer you plans that fit within those established parameters. Once you make a decision, the agent will enroll you in the plan.


Assist With Medical Underwriting.

Medical underwriting is a process used by insurance companies to try to figure out your health status when you’re applying for health insurance coverage to determine whether to offer you coverage, at what price, and with what exclusions or limits.

An underwriter will assess your current condition of health and use that to determine the plan’s premium. The insurance company may also choose not to enroll you in the plan because of underlying health conditions (if any).

A qualified senior Medicare insurance agent is well-positioned to help you determine if you’ll meet the underwriting requirements for the particular plans you’re considering.


Save Your Precious Time and Effort.

An added advantage of using an experienced and skilled senior Medicare insurance agent is that you can maximize efficiency on your search and still get great value. Without assistance from an agent, if you want to have various options to evaluate, you have to interface with different insurers. This process can be highly time-consuming.

But, since an agent is a knowledgeable person and already has many contacts, he/she can manage to provide you with the best plan in much less time and effort.


They Don’t Charge Anything.

The rate that your insurer offer for the policy already accounts for the commission for your agent or broker. It doesn’t cost you anything to get the help you need from a well-informed, experienced, and licensed independent agent, even if you don’t decide to purchase the policy.

Final Thoughts

These are some of the main benefits of hiring a qualified senior Medicare insurance agent. However, be sure to find an agent that specializes in health insurance, particularly Medicare insurance. There are many different kinds of insurance out there, but Medicare insurance has its own set of rules and regulations.






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