Frequently Asked Questions

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Medicare brokers are paid through commissions from insurance companies when they help clients enroll in a plan. Here’s how it works:

1. Commissions from Insurance Companies: Brokers earn a commission from the insurance provider for every plan they sell. This commission is typically a set amount based on the type of plan (e.g., Medicare Advantage, Medigap, or Part D) and the region. The insurance company pays this commission, not the client.
2. No Extra Cost to Clients: Clients do not pay brokers directly. The cost of using a broker is built into the premiums of the plans, so whether you use a broker or enroll on your own, your premium remains the same.
3. Renewal Commissions: In addition to an initial commission, brokers often receive a smaller, ongoing commission each year you stay enrolled in the plan. This encourages brokers to provide continued service and support over time.
4. Unbiased Options: Because brokers work with multiple insurance companies, they can offer various options without steering you toward any particular provider. Their goal is to find the best fit for you while earning commissions for helping clients choose appropriate plans.

In short, brokers get paid by the insurance companies they represent, allowing them to provide their services at no extra cost to you.

• Personalized Guidance: A broker works directly with you to understand your specific healthcare needs and budget, offering tailored recommendations on Medicare Advantage, Medigap, and Prescription Drug Plans (Part D).
• Expertise: Medicare is complex, with frequent changes in premiums, deductibles, and coverage options. Brokers stay updated on these changes and can simplify the decision-making process, ensuring you choose the best plan for your needs.
• Access to Multiple Plans: Brokers have access to a wide range of plans from various insurance companies, giving you more choices than working with a single provider.
• Cost Savings: By comparing different plans, a broker can help you find cost-effective options, potentially saving you money on premiums, deductibles, and prescription drugs.
• Ongoing Support: A broker provides continued assistance even after you enroll, helping with any plan changes or issues that arise during the year.
• No Extra Cost: Brokers are typically paid by the insurance companies, meaning their services come at no additional cost to you.

Choosing My Insured Choice for your Medicare needs offers distinct advantages:

1. Personalized Expertise: At My Insured Choice, we focus on understanding your unique healthcare and financial situation to recommend the best Medicare solutions tailored specifically for you. We take the time to assess your needs, ensuring you make informed decisions.
2. Wide Range of Plans: As independent brokers, we have access to a variety of Medicare plans, including Medicare Advantage, Medigap, and Prescription Drug Plans (Part D), allowing you to explore multiple options and find the one that best fits your needs.
3. Cost-Efficiency: We are committed to helping you find plans that balance quality coverage with affordability. By comparing different plans, we help identify options that can potentially save you money on premiums, deductibles, and prescription drugs.
4. Guidance Through Complexities: Medicare can be confusing with its many parts and ever-changing rules. We simplify the process, helping you understand the differences and ensuring you choose the right coverage, whether it's for you or someone you care about.
5. Ongoing Support: Beyond enrollment, My Insured Choice offers continuous support, ensuring you have a partner to assist with any changes, questions, or issues throughout the year.
6. Trusted Service: We pride ourselves on providing excellent service and building long-term relationships based on trust and integrity. Your health and peace of mind are our top priorities.

By choosing My Insured Choice, you're partnering with a knowledgeable, reliable team dedicated to simplifying Medicare and helping you secure the best possible coverage.