of the total US Population is eligible for Medicare
Eligible in fact, as of October 2015
of those eligible are under age 65 and disabled
These numbers are going to continue to increase steadily until at least 2030, as the Baby Boomers are retiring. Roughly 10,000 people a day are enrolling in Medicare! The overall number of citizens eligible for Medicare Parts A and B will likely double over the next 20 years.
This represents a phenomenal opportunity; these retirees need independent agents to provide very meaningful advice and guidance. They’ll need help understanding their benefits, and how Medicare Advantage (MA), Medicare Supplements (Medigap) and Prescription Drug Plans (PDP) work. Consumers will also need help in order to avoid costly penalties and mistakes.
Another factor to consider, is the US healthcare system is one of the most advanced in the world. Treatments and prevention methods are continuing to improve, and as a result people are living longer than ever before. This means that your clients will be around longer and increase your overall earning potential.
How much do agents make selling Medicare plans? It depends on the product type and the insurance carrier, but here’s some useful information.