Medicare Agent Marketplace Sought to Aid Beneficiaries

April 22, 2021, 9:46 AM

Creating a marketplace for licensed Medicare agents, complete with individual performance ratings, could help beneficiaries in evaluating the professional who’s best suited to explain their coverage options, according to a study by the Commonwealth Fund.

“Policymakers may conclude that strengthening regulations of the agent marketplace may not only help consumers make more effective choices but also serve the agents well by creating greater transparency and enabling high-performing agents to better distinguish themselves from their competitors,” the report said.

On average, Medicare beneficiaries can choose from 33 private Medicare Advantage plans that provide program benefits and 30 stand-alone Medicare prescription drug...

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