So many clients expressed their frustration and confusion as they tried to sort out the masses of information about Medicare and Medicare Supplement plans.
This article will not clarify all this confusion. However, you will find some very helpful information on accessing help in your search for information and some dangers you might want to avoid.
You do not have to go alone. There are many reputable insurance professionals who are willing and able to help you. How do you like a good one? Some questions you should ask to see if you are dealing with a reputable professional include the following:
1) You should make sure that you are working with an independent agent or broker. This type of agent does not just work for one insurer. They are not limited to talking to you about the possibilities of only one company. The independent agent forms relationships with multiple insurance firms. This will allow you to tailor the solution for you rather than giving you the limited options that they can offer. There however the additional concern that the agent may lose contact with this one company and then lacks the resources to provide you or your policy with a service.
2) If your agent does not start by asking you some important things about you and your lifestyle, he / she is not doing any good work for you. Questions like: How much travel do you intend to do? How is your health? What is your budget? Do you enjoy being able to pay part of the medical expenses, or do you want full coverage? The answers to all these questions are the imperative if the agent will recommend the right plan for you.
3) How long has the agent been in business? Every year, thousands of people enter the insurance business. Every year, the vast majority of these new agents leave the insurance business. Work with an agent who has established and committed to the industry. Avoid brand new agents. This will ensure that your agent is there for customer support.
4) Does the agent specialize in Medicare? The insurance world is very diverse. Look for an agent that specializes in Medicare. Someone who is up to date with the laws and changes will be able to advise you. When it comes to Medicare, it is advisable to avoid a “jack of all trades”. There is a lot worth knowing about every insurance genre. You’re better off with someone who focuses on the aspect you’re dealing with.
5) Does the agent present the information clearly and understandably? This seems almost too basic to mention, but it is very key. A competent and genuine agent would be able to help you clear up the confusion. When an agent does his job properly, you’ll be happy that you understand your options and that you’ve made the right choice for your circumstance. Avoid agents who use terms and expressions known only to insurance personnel.