Thinking of selling health insurance? According to the Centers for Medicare & Medicaid Services, four out of five consumers can now get coverage for less than $10 a month, and many of them need intermediaries to help them make a decision.
Sell health The insurance is a rewarding opportunity where you can help individuals and families understand their healthcare options and earn a generous commission while doing so.
Reading: How to sell medical insurance
Continue reading for our step-by-step guide on selling of medical care. health insurance.
You can skip using the links below:
- How much money can you make selling health insurance?
- Get your insurance license Medical
- Find a General Agency (GA)
- Full FFM Certification
- Set yourself up for success in selling health insurance
How much can you make selling health insurance?
Selling health insurance is part of the financial services industry, which has a track record of generating more millionaires than any other industry.
One of the reasons selling health insurance is so lucrative is its ability to generate ongoing residual income. When you work a job and make $12 an hour, your paycheck is the same no matter how much effort you put into it.
With health insurance sales, you sell a policy and receive a monthly commission (usually $25 per member) for each month they stay on the plan.
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If you can get your “book of business” up to several hundred customers, then you should have no problem earning a six-figure income, all while managing to be your own boss! Check out this article that shows you how it’s possible.
Selling health insurance can be a great way to generate passive income, even in uncertain economic times. Regardless of what happens, people still need to see their doctor, take care of their children, etc.
Get a license to sell health insurance
To sell health insurance, you must become a at a life and health insurance agent licensed in your state (or any state you plan to sell in).
Basic requirements for obtaining an insurance license include:
- Be at least 18 years old
- Complete pre-licensing education
- Pass the state insurance license exam
- Pass a check Background
If you meet these requirements and are willing to commit to additional training and certifications, you will enroll in an exam preparation course and then pass your state exam.
We have u A complete guide to getting your health and life insurance license here.
Partnering with a General Agency
A General Agency (GA) is the link between health insurers and independent health insurance sales agents.
It is important to partner with a reputable health insurance GA that offers a good mix of insurers and products, fully-purchased contracts, training, support and technology.
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Selling health insurance can be overwhelming when you work alone, and that’s why That’s why companies like The Brokerage Inc. exist. A good GA allows you to sell more, earn more, and stay independent.
For more information, check out this guide on how to find the best general agency.
Full FFM Certification
To sell ACA health insurance products, you must complete the annual Fed-Facilitated Marketplace Certification eral (FFM).
This certification status is linked to your National Producer Number (NPN) and must be completed before you can process applications through Healthcare.gov.
For more information on the FFM certification, click here.
Set yourself up for success
Once you’re licensed, with a GA and certified, it’s time to set yourself up for success.
The first thing you should do is take advantage of your network. Let others know that you can now help them and their families with health insurance, and make it easy to share your information. Second, connect to your GA trainingThere, you can secure contracts with health insurance companies, learn about our exclusive marketing programs, access our on-demand training, and much more!
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