As you go through the process of learning about Medicare and choosing a Medicare plan, there are different people you can talk to about your options.
It is an excellent idea to work with a Medicare agent who represents several different Medicare Supplement carriers. This agent will be able to focus on what is right for you.
A type of Medicare agent that you want to avoid is called a “Captive Agent”. A Captive Agent only represents one insurance carrier and usually can only offer one plan. They are almost always directly employed by an insurance company.
Unfortunately, Captive Agents will only be successful in the eyes of their boss if they convince you to enroll in the only plan they have to sell – even if it is not the right plan for your situation.
Captive Agents are often new to the Medicare Supplement business. They usually represent carriers who have higher prices, smaller policy holder bases and a higher likelihood to have higher than average price increases in the future.
A few even represent private, for-profit, restricted access Medicare Advantage which are almost never a good option.
The carriers who employ these agents insist on them selling their product only for one reason – people who compare their product with major Medicare Supplement carriers such as Mutual of Omaha or AARP almost always choose the proven, more stable carrier.
Conversely, this is why carriers such as Mutual of Omaha and AARP are happy to have their independent agents offer products from other carriers.
If you are talking with a Medicare Supplement agent, the first thing you should ask her is who are all of the carriers with whom she has enrolled her clients in the last 30 days
If that list is only one carrier, you should politely thank her for her time and instead work with someone who represents many carriers.
I would appreciate the chance to help you with your Medicare.
As you may have guessed, we represent all major Medicare Supplement carriers such as Mutual of Omaha, AARP, BlueCross/Anthem, Cigna and Aetna.
We will help you compare the different plan offerings and prices and well as the strengths and weaknesses of each company.
Once you make your selection, we will assist you with your Medicare Supplement and Medicare Part D drug plan enrollments and well as be available for you going forward to answer any questions, deal with any problems or assist you with your yearly Medicare Part D drug plan evaluation.
Simply click the following link to schedule a free, no-obligation 30-minute Medicare consultation.
I look forward to talking with you soon.