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The Advantage of Selling Medicare Advantage

In the ever-evolving world of healthcare insurance, Medicare agents find themselves at the forefront of helping seniors navigate their Medicare choices. As the healthcare landscape shifts and seniors’ needs change, it’s essential for agents to stay adaptable and provide the best options for their clients. In this blog post, we’ll discuss why Medicare agents should consider focusing on selling Medicare Advantage plans instead of Medicare supplements and the many benefits this shift can bring for both agents and their clients.

Understanding the Difference – Medicare Advantage v. Medicare Supplements

Before diving into the reasons why Medicare Advantage plans should be a priority for agents, it’s crucial to understand the fundamental differences between Medicare Advantage and Medicare Supplements.

Medicare Advantage plans, also known as Part C, are offered by private insurance companies approved by Medicare. They combine Medicare Part A (hospital insurance) and Part B (medical insurance) benefits into a single plan. Most MA plans also include prescription drug coverage (Part D) and often offer additional benefits like dental, vision, and fitness programs.

Medicare Supplements, also called Medigap, these policies are designed to fill in the gaps left by Original Medicare (Part A and Part B). Medigap plans help cover expenses such as deductibles, copayments, and coinsurance that beneficiaries would otherwise have to pay out of pocket.

Why Should Advantage Plans be a Focal Point?

  1. Growing Popularity: The popularity of Medicare Advantage plans is on the rise. More seniors are opting for MA plans because of the added benefits they offer, including prescription drug coverage, which isn’t included in Original Medicare. Agents who focus on selling MA plans tap into a growing market.
  2. Competitive Commissions: Agents often receive competitive commissions when selling Medicare Advantage plans. This can be a lucrative opportunity for agents looking to boost their income while helping their clients access comprehensive coverage.
  3. Diverse Options: Medicare Advantage plans come in various forms, including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Special Needs Plans (SNPs). This variety allows agents to tailor plans to suit each client’s unique needs and budget.
  4. Extra Benefits: One of the main selling points of Medicare Advantage plans is the extra benefits they offer. These can include dental, vision, hearing, fitness programs, and even transportation services. These added perks can be a significant selling point for seniors looking to enhance their coverage.
  5. Financial Predictability: With Advantage plans, clients often have more predictable out-of-pocket costs because of capped maximums for services like hospital stays and doctor visits. This can be reassuring for seniors on a fixed income.
  6. Easier Enrollment: Selling Medicare Advantage plans can be simpler and quicker than Medicare supplements. Many MA plans offer convenient online enrollment options, reducing paperwork and hassle for both agents and clients.
  7. Client Retention: Offering comprehensive coverage with added benefits can lead to greater client satisfaction and retention. Happy clients are more likely to refer others to their trusted agent.

Medicare Advantage Plans – A Compelling Choice

As the healthcare landscape evolves and seniors’ needs change, Medicare agents should adapt their focus to better serve their clients. By embracing this shift, agents can provide comprehensive coverage and value-added benefits, ultimately leading to greater success in the ever-expanding world of Medicare insurance. So, why wait? Make the switch to selling Advantage plans today and reap the rewards of helping seniors access the healthcare coverage they deserve. Contact NCC today for assistance.

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Aetna

 

Aetna is an American managed health care company that provides traditional and consumer-directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid insurance and benefit programs1. Aetna is a proud CVS Health company and shares a common purpose with CVS Health: bringing their heart to every moment of your health. Aetna believes that everyone should have a fair and just opportunity to achieve their best health, which is known as health equity. Aetna is committed to improving the environment, addressing health inequalities, investing in people’s health, acting with integrity and protecting against health care fraud and abuse.

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