From 24/7 Wall St. · Jake FitzGerald · · 1m 30s
Medicare Agent Pay Structure
Medicare agents earn $694 first year then $347 yearly for clients staying five years.
In brief
Medicare agents earn $694 first year then $347 yearly for clients staying five years. Medicare agents earn $694 the first year and $347 annually for clients who stay five years, earning $0 if clients switch to Original Medicare. Originally reported by 24/7 Wall St..
Medicare Open Enrollment Starts
Medicare open enrollment begins tomorrow with agents earning different amounts based on plan choices.
Agent Pay Structure
Agents earn $694 first year and $347 yearly for clients staying five years, earning $0 if clients switch to Original Medicare.
Why Pay Structure Matters
The pay structure influences agent behavior, with higher first-year payments rewarding new enrollments and renewal payments keeping clients.
Original Medicare Pays $0
Original Medicare pays agents $0, but Medigap supplements may pay agents under state-regulated arrangements.
Which Plans Get Sold First
Agents prioritize selling $0-premium Advantage plans with dental and gym extras that pay well for new enrollments.
Questions Agents Avoid
Agents skip questions about network specialists, state winters, drug costs, and out-of-pocket maximums that affect real costs.
Why Original Medicare Plus Medigap Is Rarely Discussed
Agents have no incentive to mention Original Medicare plus Medigap due to the irreversible nature of switching back.
How to Use an Agent Well
Ask agents how many carriers they represent, if they sell Medigap plans, and if you can switch back without health questions.
Critical Question Before Signing
Ask agents what they would recommend if they earned the same amount regardless of your choice.
The key point
Medicare agents earn $694 the first year and $347 annually for clients who stay five years, earning $0 if clients switch to Original Medicare.
