National Association of Medicare Supplement Advisors
The National Association of Medicare Supplement Advisors (NAMSA) is a professional organization that represents insurance agents and brokers who sell Medicare supplement insurance plans. NAMSA members are committed to providing quality service and advice to seniors about their health insurance options.
The National Association of Medicare Supplement Advisors is a trade association that represents the interests of insurance agents and brokers who sell Medicare supplement insurance. Its members include some of the largest and most well-known companies in the industry, including AARP, Blue Cross Blue Shield, Cigna, Humana, and UnitedHealthcare. The Association’s mission is to “promote professionalism and public trust in the Medicare supplement marketplace by advocating for its members and setting high ethical standards.”
The Association offers a number of benefits to its members, including educational resources, networking opportunities, and advocacy support. In addition, the Association provides its members with access to exclusive data and research on the Medicare supplement market. This information can be used to help inform marketing and sales strategies.
The National Association of Medicare Supplement Advisors is an important resource for insurance agents and brokers who sell Medicare supplement insurance. By providing access to exclusive data and research, as well as educational resources and networking opportunities, the Association helps its members stay up-to-date on the latest industry trends and developments.
Best Medicare Advisors near Me
If you’re on the hunt for the best Medicare advisors near you, look no further! We’ve compiled a list of the top professionals in the field to help you make the most informed decision about your Medicare coverage. 1. First on our list is Jonathan Medows, CFP® and founder ofMEDOWS FINANCIAL SERVICES, INC.
With over 15 years of experience as a financial advisor, Jonathan specializes in helping people navigate the complex world of Medicare. He’s also a Certified Financial Planner™ (CFP®), so you can rest assured that he has your best interests at heart. 2. Next up is Jody Gastfriend, CEO and founder of Dedicated Senior Medical Center.
Jody has over 25 years of experience in healthcare administration and management, making her one of the most qualified experts in Medicare today. She founded Dedicated Senior Medical Center to provide high-quality primary care services to seniors on Medicare. 3. Another great option is Amy Moore, principal, and owner of Moore Benefits Group LLC.
Amy has nearly 30 years of experience working with retirees and pre-retirees on their health insurance needs – including Medicare planning. She’s passionate about helping her clients get the most out of their benefits and make educated decisions about their coverage options. 4. If you’re looking for someone local, be sure to check out Carrie Johnson with Aging Options Incorporated!
What are Medicare Broker Commissions for 2022?
As we know, Medicare broker commissions are set to change for the 2022 plan year. Here’s what you need to know about the new commission structure. First, let’s start with a refresher on how Medicare broker commissions work.
Commissions are paid by insurance carriers to Medicare brokers who help enroll beneficiaries in Part C and Part D plans. The amount of the commission is typically a percentage of the premium paid by the enrollee, and it can vary depending on the type of plan and carrier.
Now that we’ve got that out of the way, let’s talk about the changes coming for 2022.
First off, there will be a reduction in overall commissions paid by carriers. This is being done in an effort to reduce costs for enrollees, as premiums are expected to increase significantly next year. Additionally, some carriers are eliminating their supplemental/add-on commissions entirely.
These were previously paid on top of base commissions and could range from a few extra dollars per month up to several hundred dollars per year.
The good news is that despite these reductions, most brokers should still be able to earn a decent living off of Medicare commissions alone. However, those who rely heavily on supplemental income from add-ons may need to find other ways to supplement their income next year.
What is the Commission on a Medicare Supplement Policy?
There is no set commission on Medicare supplement policies. Agents typically earn a higher commission on these types of policies than they do on other types of insurance, such as life insurance or auto insurance. The amount of commission an agent earns depends on the insurer and the specific policy.
Some insurers pay agents a flat fee for each policy they sell, while others base commissions on a percentage of the premiums paid by customers.
“NEVER Choose Medicare Advantage!” (WHY? Is It REALLY That BAD? vs Supplement)
Conclusion
The National Association of Medicare Supplement Advisors is a nonprofit organization that represents the interests of Medicare supplement insurance agents and brokers. The organization lobbies on behalf of its members and provides educational resources to help them stay compliant with Medicare regulations.
