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Medicare Specialist / Medicare Benefit Advisor
Job Description
- The Hadder Agency, you'll help Medicare-eligible individuals and retirees understand their options, compare available plans, and make confident decisions about their healthcare coverage.
Salary Range:
$50,487.00- $60,568.
Medicare Advisor:
1.Meet Eligibility Requirements:
- Be at least 18 years old and have a high school diploma or GED. 2.
Understand Licensing Requirements:
- Check your states insurance licensing division or the National Insurance Producer Registry (NIPR) for specific details. 3.
Complete Pre-Licensing Education:
- Enroll in a course to prepare for the licensing exam. 4.
- Pass the
State Exam:
- Schedule and complete the state-administered licensing exam. 5.
- Apply for
Your License:
- Submit your application, including a background check and fingerprinting. 6.
- Get Appointed with
Carriers:
- Become appointed with the insurance companies for the Medicare plans you plan to sell. 7.
Complete Annual Certifications:
- Finish the required training and exams from Medicare carriers each year. 8.
- Obtain Errors & Omissions (E&O)
Insurance:
- This insurance is recommended for protection.
Key Skills Needed:
Industry Knowledge:
- Understand Medicare programs and various plans.
Communication Skills:
- Clearly explain complex insurance information to clients.
Problem-Solving Skills:
- Assess client needs to find suitable plans.
Compliance:
- Adhere to federal (CMS) and state regulations regarding marketing and enrollment.
- Develop new opportunities through outbound calling, lead follow-up, referrals, and other sales and marketing activities. Conduct Personalized Medicare Consultations
- Ask the right questions to understand each client's healthcare needs, prescription medications, preferred providers, budget, and coverage priorities. Simplify Medicare
- Explain Medicare in clear, easy-to-understand terms so clients can confidently evaluate their available options. Compare Available Plan Options
- Help clients evaluate available Medicare Advantage, Medicare Supplement, and Part D Prescription Drug plans from contracted insurance carriers. Guide Clients Through Enrollment
- Assist eligible clients throughout the plan selection and enrollment process while providing professional, responsive service. Build a Growing Medicare Client Base
- Develop long-term relationships through consistent follow-up, excellent service, annual reviews, and referrals. Conduct Annual Coverage Reviews
- Stay connected with clients and help them review their coverage as their healthcare needs and available plan options change. Develop Referral Opportunities
- Build relationships with satisfied clients and community contacts to generate additional business. Achieve Production Goals
- Maintain the focus, discipline, and activity necessary to consistently achieve established sales and productivity expectations. Maintain Medicare Compliance
- Complete required training and carrier certifications and follow applicable CMS, Medicare, carrier, marketing, and enrollment requirements.
- The Hadder Agency!
Benefits
- Paid Time Off (PTO)
- Financial Aid/Assistance
- Health Insurance
- Dental Insurance
Career Insights for Compensation / Benefits Specialist
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Scorecard
Based on Alabama data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Compensation or Benefits Specialist evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$65,028 / year median in Alabama
+3% projected growth