Do I need A Medicare Broker? | How To Find The Best Medicare Brokers



Many people wonder if they need a Medicare broker at all to get medicare insurance or sign up for Medicare. Medicare brokers are simply independent agents that are appointed with many different insurance carriers to find you the best plan for you.

This means you can can find the best plan for unique needs and price point by working with someone who really will find you the best deal.

In this article we are going to go over all of the details about working with an independent Medicare broker and wether or not you should use one.

Table Of Contents

How Do Medicare Brokers Get Paid?

You do not pay for a Medicare broker. Their services are completely free. The insurance companies pay the broker directly.

Medicare Brokers Near Me

Most Medicare brokers work in all or nearly all 50 states. Chances are if you contact a Medicare brokerage they will work in the state you’re in. If you want to find someone to work with in person you’ll have to look in your area.

We recommend working with a national insurance brokerage to find which plan and company is best for you at the very least.

How Do I Find A Medicare Broker?

We at Seniors Mutual are a Medicare brokerage, however there are many independent brokerages out there. You can look online or try to find one in your metro area.

The biggest difference to consider when choosing a Medicare broker is what they offer and how many companies they work with. A broker that only works with a few companies might not be able to find the best deal for you.

We work with all of the top Medicare insurance companies in all 50 states.

What Is The Difference Between An Agent And A Broker?

Most of the Medicare insurance agents out there are captive and can only offer one company, a few at most. They also usually get paid higher commission.

Independent agents are also known as brokers because they offer many different companies. That is the only difference between an agent and a broker.

Do You Need A Broker For Medicare?

It is not required to work with a broker to buy Medicare insurance or sign up for original Medicare. You pay the same either way however.

If you sign up for a plan with a Medicare insurance company they will assign an agent to your policy either way. Working with a broker will make the process significantly faster and give you peace of mind that you have the best policy.

Are Medicare Brokers Legitimate?

Medicare brokers are licensed agents just like any other Medicare insurance agent. Furthermore, in the Medicare health insurance sector, the plans and companies that offer them are heavily regulated and well known companies like Aetna, Cigna, Humana, etc.

You can sleep easy knowing that the company a broker helps you choose is a legit company and that the broker helping you is licensed like any other agent.

Conclusion

No matter who you are, when you are first getting into Medicare or are looking for some third party advice about which company and plan to go with, a Medicare broker like Seniors Mutual can help you make an informed decision.

Medicare changes every year and so do the plans and their benefits, the prescription drugs you may have to take down the road, and your health conditions.

It is always a good idea to review your current policies are give you peace of mind about the decisions you are about to make. If you want to speak to a licensed independent broker, give us a call or fill out our quote form. We can help steer you in the right direction and answer all of your questions, for FREE!

We look forward to speaking with you.