AHIP certification cost
New Medicare agents have many questions when they are just starting out. One thing they may ask about is the AHIP certification cost.
Medicare Advantage plans are becoming more and more popular with Medicare beneficiaries. That makes it more important than ever for Medicare agents to take the annual AHIP exam in order to be certified to sell either Medicare Advantage or prescription drug plans.
First, let’s review what the Medicare AHIP certification is:
AHIP stands for America’s Health Insurance Plans, which is an industry organization that works with Medicare to provide training and certification for agents who sell Medicare Advantage plans. The AHIP certification is required for agents who wish to sell Medicare Advantage plans or prescription drug plans. The AHIP program covers a range of Medicare topics that include; eligibility, benefits, and enrollment.
Find out more about AHIP
How much does the Medicare AHIP certification cost:
Currently, the cost of the AHIP certification is $175 per year. However, this cost may be reduced if the agent is affiliated with a Medicare Advantage plan or if they have a discount code. Some insurance companies may either pay for the certification or reimburse their agents for the cost of the certification.
CLICK HERE TO TAKE AHIP AT THE DISCOUNTED RATE OF $125
Learn some tips to help you pass the AHIP on your first try on our YouTube channel!
In addition to the AHIP certification, agents must also complete carrier-specific training:
In order to sell Medicare Advantage plans, agents must complete carrier-specific training in order to be ready to sell each year. Some insurance companies may require agents to complete in-person training to maintain their certification.
It’s important to note; the cost of the Medicare AHIP certification is just one of the costs associated with selling Medicare Advantage plans. Agents must also pay for their own marketing materials, travel expenses, and other business-related costs. They also have to pay for errors and omissions insurance. This is important to protect them in the event of a lawsuit or other legal action.
In conclusion, the cost of the Medicare AHIP certification is generally $175 per year. Agents also incur many other expenses during the course of doing business. Any time agents can save money, it is helpful. It’s important for agents to factor in these costs, as well as other business-related expenses, when deciding whether to sell Medicare plans. Ultimately, the potential earnings from selling Medicare plans should far outweigh the costs of certifications and other expenses for agents who are successful in this field.
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