When you work as a Medicare agent, you have the chance to make a real difference in people’s lives. But it can be tough to know where to start.
If you’re looking to make a career change or find a part-time job, you should consider working as a Medicare agent. The industry shows no signs of slowing down, according to experts.
However, becoming an insurance agent for medicare insurance charleston sc isn’t easy. You’ll have to meet government standards and convince customers to buy insurance.
How can you learn how to start working as a Medicare insurance agent? Keep reading to find out!
1. Requirements for Becoming a Medicare Agent
Working as a Medicare agent means that you are working as a health insurance agent. Medicare is just one specific type of insurance agent.
To work as an insurance agent, you won’t need a college degree. Many successful agents build a thriving career with just a high school diploma. Though it never hurts to have a bachelor’s degree in business, finance, or a related field.
2. Steps to take to Become a Medicare Agent
First off, you’ll need to be licensed as a health insurance agent in your state. More often than not, this requires you to take a course, which might be in person or online. The class can require up to 40 hours of direct study.
You can enroll in additional self-study programs to help you solidify your knowledge of the industry. Then you’ll need to take an exam.
Upon passing the exam, you’ll be licensed to sell health insurance in your specific state. Then, you just need to add the Medicare certification.
3. The Process of Becoming a Medicare Agent
Once you have a health insurance license, you’ll need to take the Medicare training offered in your state. This is required annually. You need at least a 90% passing grade.
You’ll need to pay for the exam each year, which is usually less than $200.
You also need to choose an FMO. FMO stands for “field marketing organization.” These organizations distribute the specific health insurance plans to agents (such as yourself) and to specific agencies who will offer additional plans for you to sell.
As a new agent, you’ll want to get appointed by numerous agencies so that you have a wider range of plans and products to sell.
When you work with a high-quality FMO, you’ll have access to additional Medicare supplements. A Medicare supplement plan is an additional plan you can sell to your customers to cover even more of their health care costs.
The good news for you is that customers are actively seeking these out, as they need them. This makes your job easier.
Getting contracted and appointed to sell base Medicare insurance as well as supplement insurance simply requires a questionnaire, copies of your licenses, and a background check.
Building an Insurance Career
The process of becoming a Medicare agent is quite simple, however, it does take a lot of work. For those without a college degree, however, it can be one of the best opportunities to build a healthy career with the opportunity for residual income.
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