Medicare Advantage is a very large insurance market that is continuing to see major growth, with more Baby Boomers moving into retirement age every day. Enrollments are projected to grow by 2.4 million in 2019 to 22.6 million, or 36.7% of expected total Medicare enrollees.
This is the perfect time to sell—or get into selling—Medicare Advantage. People are looking for an expert to show them the plan that can best match their needs. If you have a book of business of clients who are turning 65, now is the time to get in front of them.
The Centers for Medicare & Medicaid Services (CMS) has been busy making changes to Medicare Advantage programs. Enrollment for 2019 is projected to be a more-complicated-than-usual process, so existing and new clients will need guidance.
What Your Peers Are Reading
The Medicare annual enrollment period opened Sunday and will continue through Dec. 7.
Understanding of the changes can help you provide better service to your clients, during and after the annual enrollment period, and sell enhanced policies.
More Plan Options and Benefits for 2019
CMS has overseen a substantial expansion in Medicare Advantage plans, allowing carriers more flexibility to get more creative with what they can include in their Medicare plans. This flexibility translates into extra benefits for consumers to enable them to live healthier lives.