Step 1: Get your health insurance license
Step 2: Complete AHIP Certification
Step 3: Get errors and omissions insurance (E&O insurance)
Step 4: Contract with a Medicare Field Marketing Organization (FMO)
Step 5: Get contracted and appointed with multiple Medicare companies
Step 6: Complete your annual certifications
Step 7: Maintain your health insurance license and continuing education
Step 1: Get your health insurance license
Before you can start selling Medicare insurance, you must have a health insurance license. You can obtain your license by taking pre-licensing courses and passing a state-administered insurance exam.
Step 2: Complete AHIP Certification
The American Health Insurance Plans (AHIP) is a certification that provides you with the necessary training to help you understand the Medicare insurance market. You will learn about Medicare insurance options, the enrollment process, and how to help your clients select the best plan for their needs.
Step 3: Get errors and omissions insurance (E&O insurance)
As a Medicare insurance agent, you may face legal and financial liability if you make a mistake in your work. E&O insurance protects you from any losses or damages you may face if you are sued for providing incorrect information.
Step 4: Contract with a Medicare Field Marketing Organization (FMO)
An FMO is an organization that helps agents sell Medicare insurance products.
Step 5: Get contracted and appointed with multiple Medicare companies
To expand your reach and increase your potential to make sales, it is recommended that you contract with multiple Medicare insurance companies. This will give you a wider range of plans to offer your clients and increase your chances of making a sale.
Step 6: Complete your annual certifications
Medicare insurance rules and regulations change every year, so it is important that you complete your annual certifications. This will help you stay up-to-date with the latest information and keep your license active.
Step 7: Maintain your health insurance license and continuing education
To maintain your health insurance license, you must complete continuing education courses every year. This will keep you informed about the latest Medicare insurance options and help you grow.