Selling Medicare is a great line of work for individuals who are professional, outgoing, and self-motivated. It can also be a very lucrative line of work if you’re willing to work as hard as you can and set ambitious goals for yourself. However, in order to sell Medicare, you need to first obtain your license by taking the following steps.
Step 1: Pre-Licensing
The first step to becoming a licensed Medicare agent is to complete a pre-licensing course. You can usually choose to take this course in a traditional classroom setting or online in a self-study format if you prefer. Choose your state of residence, select the “Life and Health” option, and then choose the exam prep package that best suits your needs. Once you’ve completed the course, you’ll receive a Certificate of Completion that is valid for one year from the date it was issued. You will need to pass your state licensing exam within this time.
Step 2: The State Licensing Exam
The next step to becoming a licensed Medicare agent is to pass the state licensing exam. The exam can be taken at various testing centers throughout your state, however, each state has its own insurance licensing exam and the requirements may vary, so be sure to read those specific to your state of residence when preparing for the test. Typically, you will need to bring with you an original copy of your Certificate of Completion from your pre-licensing course and a valid, signed form of identification that includes a photo. Be sure the name on the identification matches the name on your Certificate of Completion and the name you used to register for the exam. A score of 70% is required to pass the exam.
Step 3: Apply for Your License
Once you’ve passed the state licensing exam, you can officially apply for your license—Congratulations! Most states have a reciprocal agreement which means that once you’ve obtained your license in one state, you can get an additional license in another state without having to sit for that state’s exam. And now that you are a fully licensed insurance agent, you can begin contracting with a Field Marketing Organization like MCC Brokerage.
Get Started Today
To learn more about becoming an independent insurance agent, contact MCC Brokerage today. Or, click here to read some articles about what independent insurance agents do, how much money they can make, and where they can get comprehensive job training.