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Medicare Blog | Medicare News | Medicare Information

Why Place Your Medicare Business With Precision Senior Marketing

Posted by www.psmbrokerage.com Admin on Thu, Nov 02, 2023 @ 11:33 AM

Why do business with Precision Senior Marketing

As a PSM producing agent you have the opportunity to tap into our Top Flight Lead Incentive awarding you with $430 per 10 Medicare Supplement or Medicare Advantage sales to use for leads or other Medicare Marketing initiatives.*

This $430 credit per 10 sales can be used for initiatives including:

  • 1,000 piece direct mail campaign
  • Facebook Advertising / Marketing Campaign for Medicare
  • Internet leads or another vendor specifically for Medicare (Buy the leads, send us the invoice, and we will reimburse you back up to $430)
  • Medicare Advantage Sales Seminars and Educational Events
  • E&O Reimbursement
  • Annual membership to ReferMe IQ Referral Platform

* Street level contract direct to PSM  /  * Med Supp GI Business not included

In addition to our Top Flight Lead Incentive, we also provide the following value-added benefits:

  • 50/50 co-op for Medicare Advantage Marketing* - we will reimburse half of what an agent spends on their Medicare marketing initiatives. For example if an agent spends $2,000 on their Medicare Marketing, we will reimburse $1,000 as long as we have receipts / invoices to show $2,000 was spent on Medicare Marketing.
    * Requires prior approval
  • Access to Retail Programs at Wal-Mart during AEP for lead generation activities & sales events.  
  • Connections to local market managers for certain carriers to provide local trainings and hands on events for Medicare Advantage, Special Needs Plans, and Dual Eligible Plans.
  • Access to a remote enrollment system allowing agents to compliantly write Medicare Advantage and Prescription Drug applications electronically and by phone.
  • Comprehensive quoting software from CSG that quotes ALL carriers in the US for Medicare Supplements, Medicare Advantage, Prescription Drugs, Hospital Indemnity, Dental, and Final Expense plans.
  • Comprehensive training videos with assessment tests at the end to test knowledge and move toward becoming an expert.
  • Open Release Policy – we will not hold you captive.

At PSM we offer the industry's leading carriers, with the highest attainable contracts, along with the tools, resources and incentives necessary to grow your business and succeed in a booming market. We look forward to working with you!

Related Article:
 The Benefits of Working with an Insurance FMO



Tags: Medicare Advantage, Medicare Supplement, Medicare FMO

What should you expect working with a Medicare FMO

Posted by www.psmbrokerage.com Admin on Mon, Oct 23, 2023 @ 02:05 PM

Medicare FMO

A Field Marketing Organization (FMO) in the context of Medicare serves as an intermediary between insurance carriers and insurance agents or brokers specializing in Medicare insurance products. The primary focus of a Medicare FMO is to support and assist agents in selling Medicare-related insurance plans, which include Medicare Advantage (Part C) plans, Medicare Prescription Drug Plans (Part D), and Medicare Supplement (Medigap) plans.

Here are the key functions and roles of a Medicare FMO:

  1. Product Knowledge: Medicare FMOs provide agents with comprehensive information about various Medicare plans, ensuring they have a deep understanding of the options available to beneficiaries.

  2. Carrier Contracts: FMOs facilitate the contracting process for agents, allowing them to represent multiple insurance carriers. This diversity of carriers gives agents more flexibility and choices to offer their clients.

  3. Education and Training: They offer training programs and resources to keep agents informed about the latest Medicare regulations, compliance requirements, and effective sales strategies. This education helps agents provide accurate and up-to-date information to beneficiaries.

  4. Sales Support: Medicare FMOs often provide marketing materials, lead generation programs, and guidance on effective sales techniques to help agents succeed in the Medicare market.

  5. Commission Management: These organizations assist agents in tracking and managing commissions, ensuring they receive compensation for the sales they make in a timely manner.

  6. Compliance Assistance: FMOs help agents remain compliant with Medicare marketing guidelines and regulations to prevent potential penalties or legal issues stemming from non-compliance.

  7. Client Support: Some Medicare FMOs offer post-enrollment support to beneficiaries, addressing questions or concerns related to their Medicare plans.

  8. Market Insights: They may provide agents with market insights and data that help them make informed decisions and adapt their strategies to changing market dynamics.

In essence, a Medicare FMO serves as a valuable resource and support system for insurance agents, allowing them to serve clients more effectively and provide the information and services required to make informed choices regarding Medicare plans. It benefits both agents and beneficiaries by ensuring a smoother and more informed enrollment process.

With approximately 10,000 individuals in the United States becoming eligible for Medicare each day, finding the right Field Marketing Organization (FMO) to partner with is crucial for achieving success. PSM goes above and beyond to empower independent agents, agencies, and brokers by offering unparalleled insurance products, exceptional back-office support, and a wealth of valuable tools and resources.

Check out our Agent Programs and Services Guide to learn more about PSM and the services we proudly offer the agents we work with.

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Precision Senior Marketing was founded in 2006, in Austin, Texas. In the intervening time with almost two decades of experience, PSM has grown to a nationwide footprint, with a mission to empower agents to honestly and ethically help people live longer, healthier and more financially secure lives.

Call us today: (800) 998-7715

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Tags: FMO, Medicare FMO

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