Medicare Agents vs Brokers: Pros, Cons, & How To Choose
That number may be higher in urban areas and lower in rural areas. There are also wide selections of Medigap and Medicare Part D drug plans available. Prices and coverage can vary widely, and not all plans are available everywhere. BrokersOnce a broker hands off a client to an insurance company, the company pays the broker a commission. A commission varies based on each state’s insurance regulations, but it may be as high as 8% of the cost of the premiums. To get the most up-to-date information about plans, your best option is to contact a licensed agent. A good Medicare agent understands different carrier guidelines, rate increases, and limitations that Medicare beneficiaries may not be aware of. This information is acquired through years of first-hand experience and feedback from current clients, which can then be shared with potential clients and those new to Medicare. Nectar is ideal for agents who are less enthused about marketing and networking. Maybe you believe these skills ...