Agent Broker Compensation
If you have preferences, a Medicare broker or agent can zero in on plans that allow you to keep your doctor. You do not need an agent or broker to find the best Medicare coverage for you. But a Medicare agent or broker can help guide you through the often confusing process of finding the best available Medicare plan — or combination of plans — for your needs. Therefore, have a wide enough variety in your portfolio so you can serve everyone. That includes not only the high-premium, low-visit-cost crowd but also those who prioritize a low premium over potentially high out-of-pocket expenses. Contract with the big ones first and then shift to their smaller counterparts once you have more experience. A good Medicare FMO will guide you through everything from compliance to Medicare sales language. E&O insurance is insurance intended to protect you should you give a client incorrect or misleading information for which they take legal action against you. Research shows that a growing...