What Does a Medicare Insurance Agent Do?

If you are searching for Medicare insurance in AZ, you may be wondering how a medicare insurance agent can help you make a decision. There are several ways that a medicare insurance agent can help you but first, let’s take a look at what Medicare is and how you know you are eligible. 

What is Medicare, and Who Qualifies?

Medicare is a health insurance benefits program, like medical insurance that you would get from a job or independent source, but it is only for certain people. People who are 65 years or older, some younger people with disabilities, and people with permanent kidney failure can benefit from Medicare insurance. 

The individuals who qualify for Medicare benefits cannot make more than $1,357 per month if they are single or $1,823 if they are married and have a joint income. Most people who receive Medicare insurance take advantage of other programs like social security disability or receive regular social security benefits if they do not make more than the allotted amount. 

When you decide what type of Medicare insurance you want, there are many decisions to make, which is where a Medicare insurance agent comes in handy. So, what do they do, and how can they benefit you? 

Medicare Insurance Agent Duties 

Ultimately, a Medicare insurance agent is there to help you with any questions you have about Medicare and help you navigate the process, but let’s take a deeper look at some of their duties. 

Picking the Right Plan

A Medicare insurance agent will help you choose the right plan that works with your medical history, prescriptions you take, and doctors you need to see regularly. There are three different types of Medicare insurance. The first one is Medicare Part A, which is hospital insurance. This insurance will cover inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. The second Medicare insurance is Medicare Part B, which is medical insurance. This insurance covers doctor visits, outpatient care, medical supplies, and preventative services. Lastly, there is Medicare Part D, which covers prescription drugs. 

A Medicare insurance agent can sit down with you and discuss your medical needs to determine if you need all three insurance plans, just one, or a combination. For example, you might take medication, so you will need Medicare Part D, and if you go to the doctor frequently, then you also need Medicare Part B. Maybe you are worried that when you get older; you may need a skilled nursing facility; therefore, you might need to add Medicare Part A. Based on the medical history you give to your Medicare insurance agent, they will pick the best combination of insurance plans for you, so you can stress less about having the proper coverage. 

Picking the Right Insurance Company

There are various Medicare insurance companies out there, and not all are created equal. Different Medicare insurance companies have different monthly premiums, different copays, different medication costs, and different areas of overall coverage. Therefore, hiring a Medicare insurance agent is essential to help you find the right plan since they will know your monthly budget and the type of coverage you need. 

They can also check reviews of each company to ensure that you get the best customer service for your medical care. And, if you pick a Medicare Advantage plan, they can help you choose the best insurance company with the most perks. 

Help With Medical Underwriting 

A Medicare insurance agent can help with medical underwriting for you. Medical underwriting is when you purchase a Medicare Supplement insurance policy and are not within your open enrollment period. Since you are not in your enrollment period, it can cause higher costs, which is not ideal for most people. The insurance company will try to set the premium based on your current health condition, which can also be upsetting for some people. At the worst, they can refuse to sell you the insurance policy due to your current health status. 

When you hire a Medicare insurance agent, they will help you know if you meet the medical underwriting requirements without having to call the insurance company. Knowing if you meet the requirements before action is taken can help save you time. You will be much happier when your insurance agent gives you a list of possible insurance companies that will still cover you based on your health status even though you are not within their open enrollment period. 

In Conclusion…

So as you can see, many benefits come with hiring a Medicare insurance agent. They can do the heavy lifting for you. That way, all you have to do is select the option you feel the most comfortable with and sign up for coverage. Better yet, the Medicare insurance agent can even help you with the process of signing up for your chosen insurance policy by walking you through the steps. Hiring a Medicare insurance agent does make the whole process of choosing between coverages and companies much less complicated. It is worth it for anyone who does not have the time, is confused, or just wants to have peace of mind regarding their medical coverage.