Agent Commissions in Medicare and the Impact on Beneficiary Choice
By using a licensed Medicare agent, you will get accurate information, have all your questions, and, most importantly, not have to pay an additional fee for their services. You will never have to pay an additional fee to enroll in Medicare through an agent. Most insurance carrier information is only available for agents to view. Licensed agents and agencies can help Medicare beneficiaries choose the right coverage. Agents are individuals who are licensed and registered to solicit and enroll people into insurance products. Agencies provide administrative support such as marketing, technology infrastructure, compliance, and other services for agents. Medicare plans contract with agents and agencies to reach and enroll beneficiaries; in return, agents earn commissions directly from insurers. Independent agents and agencies represent multiple insurers and help beneficiaries compare and enroll in options in their area. In this capacity, they represent both plans and beneficiaries, with c