What you need to know about medicare advantage in 2017 is that in 2016 alone, Medicare Advantage plans added approximately 900,000 new members, even though enrollment is growing at a slow pace. The future of Medicare Advantage is very lucrative for the insurance industry. This makes it an excellent sales opportunity for an insurance agent who is looking to capitalize on a strong product line.
If you are thinking about becoming an independent insurance agent or if you have already embarked on this exciting career, you know that the day to day life of an insurance agent can be interesting and varied.
Most people are familiar with insurance agents who work with only one private insurance company, but an independent agent has much more control over his or her day to day schedule as a result of being able to handle policies offered by many different companies. Ultimately, independent insurance agents are able to work for themselves.
If you currently have a Medigap plan F or considering getting one, you should be aware of a new law that went into effect in April of 2015. Some of the provisions in this law can be complex and confusing, but the one that is most important for all individuals to understand is known as section 401. This section of the law now requires that the federal government will no longer allow any eligible beneficiaries to get a Medigap policy that covers the deductible for part B. This has major implications for those individuals who might have wanted to opt in to Plan F in the future.