Author name: technology

With the various Open Enrollment Periods (OEP) for health insurance, your clients need to understand what’s at stake. These times allow clients to review existing health insurance plans or enroll in new or different policies that meet their needs. Sometimes, you need to create urgency around these time frames because a client’s needs can change, and it might require some guidance for policyholders to become aware of that fact. 

Your marketing methods must be designed to draw clients’ attention and spur them to action if necessary. Here are some ideas for crafting a message and strengthening your customer relationships by emphasizing the significance of the OEP.

Since last year, there have been notable changes to the Open Enrollment Period (OEP). This is because inflation has increased, and public and private coverage plans have changed. As an insurance agent, you should inform your clients about these changes and how these and other factors will affect their ability to get coverage. This article will talk about these important changes to the OEP for 2023.

The Medicare Annual Enrollment Period (AEP) is from October 15th to December 7th, and the Medicare Advantage OEP is from January 1st to March 31st. ACA Open Enrollment is from November 1st to January 15th.

At any point in your insurance sales career, you have a solid strategy on how to succeed. You’ve done your homework and put together a business plan. Now, it’s time to set the wheels in motion. 

One important decision you’ve pondered is whether to become an independent or captive insurance agent. Both avenues have their merits along with some drawbacks. It’s smart to explore each one before you make a decision. 

A happy buyer is likelier to stay with you and help grow your income. Therefore, a favorable customer experience (CX) is essential to the success of your business.

Today’s insurance shoppers demand more from the goods and services they buy than just fair prices. They also desire a satisfying customer experience; it is to your advantage to give your clients the best service possible.  

According to Squaretalk research, Customer service is vital to 96% of consumers when it comes to brand loyalty. Let’s take a more detailed look at why CX matters to your insurance agency.

The insurance sales business has much to offer when you account for all the benefits. You can earn unlimited income. You can make your own hours, and you can even run a viable business of your own as you see fit. 

All personalities can succeed in insurance sales with hard work and knowledge. You’ll need several skill sets to thrive and prosper, and these qualities will involve some hard skills. On the other hand, your soft skill traits differ from the technical know-how that many occupations require. So, let’s take a closer look at some soft skills you can develop to enrich your business.