How to start a Medicare agency? Steps you need to make sure you don’t miss:

• File and Register your LLC/Corp where you will to be headquartered
• Apply for your Life & Health with the Department of Insurance under your LLC/Corp
• Appoint a licensed individual, that person will act as the principal of the Medicare Agency and must be a licensed insurance agent who is authorized to sell insurance
• Obtain errors and omissions insurance, this type of insurance protects the LLC and its owners from lawsuits related to the sale of insurance
• Stay compliant, regularly review and update your policies and procedures

All State licenses where you wish to conduct business in will need to be applied for both the principal and the Medicare Agency, yearly AHIP and carriers’ certification will still need to be completed by the appointed principal on behalf of the Medicare Agency.

How to start a Medicare Agency? Infrastructure

• Hired staff for back-office support
• CRM, client and leads management system
• Quote & Enroll Platform
• Commission Tracker
• Call recording capabilities with unlimited data and 10-year storage

Establishing yourself as a Medicare Agency it’s important for you to service your downline agents and agencies. Having the capabilities for them to track leads, and giving them the ability to access the enrollment platform compliantly will allow your brokers to carry on their day-to-day with a lot more ease. With your hired staff any questions regarding marketing or product-specific training can be handled in a much more timely manner and your brokers feel supported.

How to start a Medicare Agency? Partnering with an experienced leader in the Medicare insurance industry

• Easy Onboarding
• Direct Commissions
• Broker Support
• Knowledgeable Support
• Cross-Selling Experience

As you can see there are a lot of moving parts that need to be running in synchronization to have a successful Medicare Agency. Pinnacle Financial Services is here to help you implement and execute all facets of your Medicare Agency. We customized compliance plans to guide you through the process. We have a large team of dedicated senior market specialists is available to assist you with questions, client eligibility, and developing marketing strategies. We offer face-to-face training, web-based training, and webinars.

Let’s discuss how we can help you start or grow your Medicare Agency!

Give us a call at 800-772-6881 ext 7794

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