How Brokers/Agents Are Paid
Medicare is big business. That’s why every year you have tons of advertisements, phone calls,
and television commercials trying to get your attention. You can’t just go to a store and buy Medicare. You have to have a licensed professional that is able to offer Medicare, enroll you.
A commission is paid on every Medicare enrollment, to the agent/broker who enrolled you. They are compensated a set amount that is established each and every year by CMS.
CMS is the Centers for Medicare and Medicaid Services.
As long as a member stays in the plan that the agent or broker enrolled them in, that agent or broker will receive a monthly commission check for having that member on their books.
Most agents you will not hear from after they initially enroll you. They will collect their
commission check, and they will let the insurance carriers handle all the member services
questions and concerns you might have. This is the nature of sales in general, and why it’s
important to work with someone who seems confident and you feel comfortable with.
In my opinion, when choosing a broker/agent to assist you with Medicare, I think it is important
to consider these questions:
Does this broker seem trustworthy?
Does this broker seem like an expert?
Will this broker allow me to contact them directly with questions?
Do I want to give my business to this broker, or will any person do?
Is this broker just a one time call or do they have a local area presence?
So as you navigate the confusing world of Medicare, I do hope you find my content to be of
value. And if you are an LA County resident, I’d be happy to meet with you and discuss how we
can ensure you get in the best plan for you.
All my best to you and yours,
Schedule Your personal In-Home Appt.