FeaturesLearn To Sell Multiple Medicare Products
Medicare is one of the fastest growing insurance products, with over 10,000 new customers each day requiring your help to enroll them into a Medicare plan. Medicare is a "cash cow" with:
No More Cold Calling Our system teaches you how you can create an automated sales machine that generates leads on its own. This means clients will seek you out, they will call you! In just a few short weeks, you'll notice a significant difference with how your "old" business worked, and how your "new" business operates! You're Own Personal Mentor The best way to learn is to learn from an expert, with years of experience, that has a proven formula. We give you just that, your own personal mentor to work with one-on-one. Our small team of mentors have PROVEN themselves time and time again with huge books of business, large annual earnings, consistent residual income and the drive and desire to help others. This feature alone is worth the price of admission. Learn The Top Performer's "Secret Sauce" Sometimes it's not what you say, but how you say it. You will learn exactly what to say to each client, how to say it, and why you're saying it. You'll be amazed at your client's willingness to give you their business. It's almost magical. The Inside Scoop Due to our large volume of policies submitted, we're often the "first in line" to receive special offers and marketing specials from our FMO & insurance providers. We are always on the look-out for money making products, high commission contracts and exclusive products for our team of Brokers to profit from. Tools Of The Masters Learn about all the tools you'll need to make your life easier, sell more policies and automate your business. These are time-tested products that our mentors use on a daily basis. Stop wasting time & money on untested systems that take forever to learn. See What You'll Learn>>> |
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How Much Can I Make Selling Medicare?
The sky's the limit! Because of lifetime residual commissions, you can build a huge book of business over the course of a few years. On average, you can estimate about $25 per person, per month on Supplement Plans and Second year Advantage Plans. First year Advantage Plans pays you upfront for the entire year $600 (prorated by month they sign up). ADVANTAGE PART C PLAN COMMISSIONS You earn approximately $600 for all sales if the client has never been on a Medicare Advantage Plan before. This covers the first 12 months and is prorated based on when they start coverage. In the second year, you are paid 1/2 of the first year, or $300. You are paid this residual for the lifetime of the client, as long as they remain with you as their broker. That means if you sign up a 65 year old you get $600 + $300 for each year they continue on the plan. If your client lives to be 90, that's 25 years of commission, or approximately $7,800 over the lifetime of that client. SUPPLEMENT PLAN COMMISSIONS You earn approximately 20% of the monthly premium. That's about $300 per year in the first six to seven years (% varies by company). Payment on years 8+ vary, typically 1% to 3%. While commissions typically drop off in year 7 or 8, your client can move to a different company or different plan altogether to reset (restart) the typical 6 to 7 year commission payout. Supplements often are "bundled" with a Medicare prescription drug plan (PDP) and many add on Dental insurance as well. RX DRUG PLAN COMMISSIONS You earn approximately $100 for all "new to Medicare" sales and $50 for everyone else (who's had Medicare previously, but are asking you to change their plan). |
EARNINGS DISCLOSURE: The chart above is an example of possible commissions over the first five years and results will vary greatly by each broker based on many factors such as skillset, effort, dedication, and use of gained knowledge to advance one's business.
How Much Do Medicare Plans Cost The Client? This varies greatly by State, and even by county. From as little as $0 Premium to as much as $200 per month depending on the product. The average retail premium for Medicare Supplements is $150 per month for a 65 year old non-smoker. The average retail premium for Medicare Prescription Drug plans is $30 per month. Many are less than $20. You are paid a flat rate when you sell an Rx Plan, so the price doesn't matter. The average retail premium for Medicare Advantage plans is $20 per month with the majority of plans having a $0 premium cost. You are paid a flat rate when you sell an Rx Plan, so the price doesn't matter. |
