Who Pays You?

How a Medicare Broker Gets Paid

One of the top questions I get asked before or after a Medicare consultation or appointment is “What do I owe you for this?” and the client is always shocked when I reply with “Nothing!”. I do understand the client’s shock since typically we know there is no such thing as getting something for “free”, especially a service. 😳

I also now realize there isn’t transparency on how a Medicare broker or agent gets paid, which can cause confusion or possible reluctance when deciding whether to work with a broker or not. That’s the point of today’s blog post-let’s clear up the confusion and be transparent on how a Medicare broker makes money!

A Medicare broker or agent receives compensation from the insurance carrier by enrolling an individual in one of their plans. You, the client, never pay a higher monthly premium or fee. Your plan premium is the same, regardless of whether you enroll yourself online or work with an experienced broker.

The Medicare broker gets compensated per enrollment by the carrier and also by renewals AKA keeping a client on their book of business.

How does this benefit you, the client? đŸ€”

Well first off, you’re getting the expertise and assistance of someone who is knowledgeable about the confusing and complex world of Medicare at no cost to you
not a penny more!

Also, you’re getting an individual who is dedicated to you! My livelihood is based on people, like you, choosing to work with me and being satisfied with their level of service (my goal is always to leave my clients more than satisfied with my level of service and knowledge!).

I am fully aware my company and career does not exist without my clients so everyday I wake up with them as a priority. I grew up in sales and was brought up knowing that my clients' lives exist outside the Monday through Friday 9am-5pm, so if there is a need that needs addressed outside "normal business hours" I am available to do that.

I don’t work in a big call center. I work and live locally; meaning there’s a chance I see my clients at the grocery store, pharmacy, local restaurants or community events. I work for the same people who live in my community so their satisfaction is of the utmost importance to me on a professional and personal level. Also, notice I said "I work for the same people who live in my community" because I want it to be clear that I work for the client, not the insurance carrier. Any other Medicare questions? I can be reached at 814.707.3124 or at jocelyn@evolveinsurancegrp.com.

Jocelyn Wolf