Do I Need an Insurance Agent for Medicare Supplement Plans?

Approximately 10,000 Baby Boomers turn 65 every day, and most of them enroll in Medicare. People are searching the internet every day for the Medicare information they need. One of the most commonly asked questions is, “Do I need an insurance agent for a Medicare supplement plan?”

Medicare is not as complicated as the new terms may make it seem at first. Information about Medicare supplement insurance is available on Medicare.gov in the publication entitled “Choosing a Medigap Policy.” However, it does take time to learn for people are not familiar with the insurance field to understand the many terms used. It is far too easy to miss important information and make the wrong choices that could cost you thousands in the long run.

Why Go to an Insurance Agent for Medicare Supplement Insurance?

When you are searching for a Medigap plan, the right insurance agent could save you a great deal of time, minimize your confusion and frustration, and save you thousands of dollars down the road in medical expenses you may have considered while you are struggling with unfamiliar terms in unfamiliar territory.
There are certain things you should know about using the professional services of an agent for Medicare supplement insurance:

  • You don’t pay the agent’s commission – the insurance company does.
  • You cannot negotiate a lower rate by not using the services of an agent or broker.
  • Your premiums for the policy are the same, whether you have professional assistance or not.
  • When you deal directly with the insurance company, you are speaking with a person who is representing the best interests of the insurance company, not yours, and you won’t have the unbiased advice and advocacy a good agent provides.
  • To be successful in Medicare sales, an insurance agent needs happy clients who stay with him or her for a long time.

When you reach the age of 65 and enroll in Medicare, choosing an insurance plan is a process that includes evaluating what Medicare rules apply to you; understanding how Medicare and Medigap plans work and how and when prescription drugs are covered; assessing the differences between Original Medicare with a Medigap plan and Medicare Advantage plans; and deciding which route is best for you and your finances – before you even begin shopping for an insurance plan. You can start the process on your own, but getting guidance from a qualified Medicare insurance agent sooner rather than later will save you time and help you avoid frustration and stress.

What a Medigap Insurance Agent Can Do For You

Insurance agents do a great deal more than helping clients with insurance policies. A knowledgeable agent can guide you through the process of choosing a Medicare supplement plan, show you your options, and point out choices that have potentially negative consequences. You always make the final decision about which policy to purchase, but it will be an informed decision through the knowledge and guidance provided by your agent. When it’s time to choose a Medicare supplement insurance plan, get in touch with an agent at Norris Financial Services in Pryor, Oklahoma. We have the knowledge, experience and skills to save you time and money, and help preserve your sanity!

June 30th, 2017 by Norris Financial Services