The Medicare market is blowing up with changes this year and now is a great time to look at selling Medicare Supplement Insurance plans.
Why are supplement plans getting another look by both seniors and agents for the 2025 year? Let’s take a peek at what market forces are propelling Medicare Supplement Insurance plans, what their strengths are, and how you can do well selling Medicare Insurance Supplement plans.
Changes in Medicare Advantage
Every few years we see major changes in Medicare Advantage regulations. The 2025 year we are selling right now saw many changes. Some Medicare beneficiaries are losing their Medicare Advantage plans at the end of this year or plans are changing significantly.
That is opening up an opportunity to offer clients Medicare Supplement Insurance plans.
Medicare Advantage plans, while still a popular option for seniors, are undergoing changes to coverages, and some plans are even being cancelled. Furthermore, some plans are expected to see decreases in their star ratings, which will make it difficult for them to match plan benefits next year.
No Network Concerns
Medicare Supplement Insurance is not restricted to networks, unlike Medicare Advantage plans. Your client gets freedom and flexibility not offered with Medicare Advantage. You clients can get medical care anywhere in the United States and can see specialists without referrals.
There is much more freedom and choice with Original Medicare and a Medicare Supplement Insurance plan.
Great Commissions
The average Medicare Supplement Insurance commission is 22 percent. Renewals are paid at a similar percentage and travel out to six years. Rates often increase so you get a little boost each year the policy is renewed.
No AHIP Certification Required
You do not need to complete the lengthy AHIP training certification to sell Medicare Supplement Insurance plans. AHIP is required for Medicare Advantage and prescription drug plans. This is a huge time-saver and gets you out of the gate and selling Medicare Supplement Insurance much faster. This means experienced ACA agents can sell these Medicare Supplement Insurance plans without a lot of red tape.
It is a natural add-on for an active ACA agent!
No Underwriting, Easy to Get Coverage
Medicare Supplement Insurance plans are issued during the initial enrollment period for those turning 65. There are no disqualifying health questions or denials during this period. Sign-up is usually very easy for those who are qualified.
Let’s Get Going!
Offering Medicare Supplement Insurance plans is a way to boost your income and also reassure your clients that very good plans exist if they don’t want to pursue Medicare Advantage. These plans offer your clients unbeatable freedom of choice while also offering you stable and strong commissions.
How Pandora Helps
Pandora Insurance partners with the major insurers in the Medicare market. We have the training, commissions, and marketing support that you deserve.
Enjoy these benefits when contracted with us!
* Free pre-license courses for our contracted agents
* Industry leading carrier contracting
* Federal Marketplace Certification for Affordable Care Act (ACA)
* Knowledge-based and practical training
* Partnerships with proven sales professionals
* Carriers include: ACA (Obamacare), Medicare, life and supplemental
* Commission and bonus reporting
* Bilingual support
Start today on your path to growing your business! Contact us at 305-231-9898.
This information is confidential and intended solely for broker use. Distribution to Medicare beneficiaries is not permitted.
