Becoming an Independent Insurance Agent

[ginene]

Thanks. I did ask a Medicare Rep who said that I could but I know she is just a Rep and may not know all the rules. I have been on cms site but couldn't find it. Ill shoot them an email. Thanks for the info. I'm sure you're right. This is why I was hesitant because I'm not 100% sure.

Study CMS's rules and regs. I think you are prohibited from doing just about all of the above.

Hospitals are not going to accept any kind of drug card for medicine given in the hospital. If the person is on Medicare and in the hospital as an inpatient all drug costs are covered.

If they are not admitted as an inpatient, and given meds while in the hospital as an outpatient, the patient is billed by the hospital for the drugs. (It is possible for them to spend several days "in the hospital" and still be an outpatient.) Drugs procured from the hospital pharmacy are not eligible for a drug program. They are pretty much the responsibility of the patient if the patient is classified as an "outpatient".

Before you get too involved in your desire to sell PDP Plans I suggest that you look at the commission you will make in relationship to the amount of time you will spend. You may find that it isn't all that cost effective for you.

 

[Joshpowell]

I love reading this posts! They are very informative!!

 

[arnguy]

Hi,
Thanks for the information, individual insurance agents business is very difficult, they may be getting lots of commission from their business.

Isn't that what they're in business to do?

 

[jimmy109]

For individual insurance agent that person has to qualify the criteria for selling insurance. In some countries there are license given by the Insurance regulatory system after passing exams for it. It is really a good system so that customer will not get any problems while underwriting the insurance plan.

 

[monty_muehlebach]

Who are good brokers for life health and pc in 2012

 

[arnguy]

For individual insurance agent that person has to qualify the criteria for selling insurance. In some countries there are license given by the Insurance regulatory system after passing exams for it. It is really a good system so that customer will not get any problems while underwriting the insurance plan.

Yikes! Jimmy has struck again!
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Who are good brokers for life health and pc in 2012

Many of the experienced brokers who are members of this forum.

 

[monicawats]

Thanks for the nice post

 

[ezagent]

Thanks to this forum I've saved the hassle of interviewing with Aflac and Bankers. I'm going back for part two in the process with New York Life today. I feel good about NYL, but it's the first company I've talked to. This is a list of companies I picked up here in the forums...

I think that Metlife, Western Southern, Combined, Mutual of Omaha, or AGLA are all better places to begin. If you want to go high end talk to Mass Mutual, Guardian, NYL, or Northwestern Mutual.

No guarantee that NYL will hire me, but any thoughts on working with them as my first and hopefully only company? Anybody have good experiences with NYL?

 

[tebb23]

This is a great post for anyone looking to become an IA in the Health/Life field, is there one similar for those looking to become an IA in the P&C field? MY search was for that and brought up this post, which is excellent, just not what I was looking for.

I will say this forum may be the best thing that happened to me, I was in the Business Proposal part of the employment opportunity with State Farm, and this is not a knock against them, they have all been very nice to me. But I think IA is the way to go, I have 10 years of P&C sales and service experience and have done a lot of marketing research. I know it will not be easy, but I would rather do that work for myself, than another company. (Currently working my butt off for GEICO)

Any help/info on the P&C IA would be awesome.

 

[monty_muehlebach]

U can make money anywhere else for the next 5 years, while you wil starve at insurance is what I've been told