Mike Cooper, Medicare Insurance Broker
Mike Cooper
Help Not Sell (Agency) / Compass Insurance Advisors (Brokerage)
Medicare Broker Licensed in AZ, AK, AL, AR, CA, CO, FL, GA, ID, IL, IN, KY, MI, MO, MT, NC, ND, NM, NV, NY, OK, OR, SC, SD, TN, TX, UT, VA, WA and WI
7+ Years of Experience
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Phoenix, AZ
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About Me
Hi There-
Thanks for your interest in my profile! Please read a little about who I am and what I hope to bring to you as an agent:
There are two main categories of Medicare/Insurance Agents:
1). Agents who Sell you insurance
2). Agents who Help educate you on your insurance options
"Agents who Sell" insurance are more focused on what's in it for them (commissions, sizable book of business, etc.). These agents are typically out for themselves more than the client.
"Agents who Help" folks find the best solutions for their clients...they remove themselves from the priority pool...because it's not about them...it's about the client and what's best for them.
Let's expand on that. Captive Agents work for an insurance company...so they have to sell...or they lose their job. Worse yet, they can ONLY present that company's options/plans.
Meanwhile, Brokers typically sell for 3-8 different companies and are often employed by the brokerage (hourly wage + commissions on signings).
Now for me, I'm an Independent agent. I'm contracted with HealthMarkets (the Largest Broker in the USA). I don't work for them though...I work for you!
As a result of my contract, I have access to:
1). Over 200 insurance companies, all reputable brands/top tiers providers
2). Over $20M in technology (allowing me to sort through thousands of plans with relevance based on your needs and your budget)
3). Access to a Ton of optional trainings...which I don't typically miss. These trainings allow me to peek behind the curtain to see what these insurance companies strengths and weaknesses are. So it's a better educated purchase for you!
So...how do I get paid then? I get paid by the insurance companies...and with about 250 of those to choose from...and all of those commissions being relative to me...my FOCUS is getting YOU the BEST Protection Strategy (based on what YOU find important). I LOVE Serving YOU! Will you allow me to?
Blessings-
Mike Cooper
Licensed Health, Life, Medicare, Supplemental & Group Insurance Broker
Virtually Serving the Fine States of: AK, AR, AZ, CA, CO, FL, GA, IL, IN, MI, MO, MT, NC, ND, NM, NV, NY, OK, OR, SC, SD, TN, TX, UT, VA, & WA
Q&A with Mike Cooper
So I heard something about Medicare drug costs being capped at $2,000 in 2025. Is that really happening or just talk?
Answer: As long as your prescriptions are within the plans Formulary (list of covered medications), you will not pay more than $2000 for those prescriptions in 2025 ($2100 in 2026). That's a sizable decrease from $8000 in 2024.
IMPORTANT:
If you have a Medicare Advantage plan, that $2000 "catastrophic" prescription cap is completely separate from your medical max-out-of-pocket (MOOP). That might be uniquely different from what you're used to with the insurance you had prior to Medicare.
What are the reasons why I should work with a Medicare agent?
Answer: It is literally a full-time job to keep up with all the various changes happening within Medicare. Then you have the carrier side, and understanding their strengths and weaknesses. That's just the tip of the iceberg for the insurance side.
Now, let's shift to your side of things. You have your own unique needs and wants. Whether it's finding the best care available or the least expensive option, your needs and budget are important to you.
Finally... the agent side of things. Ever experienced a pushy salesperson? It's one thing to wrestle a salesman when you know the playing field...but when you don't?!? Take your time. Find an agent that puts your interests ABOVE their own. It doesn't cost you a thing to have an expert on your side!
How can you create a comfortable environment for discussing Medicare with your parents?
Answer: Be An Advocate...
Children of Medicare aged parents might consider researching the agent they themselves can relate to most. A good agent will patiently simplify how Medicare works... with you (the adult child) FIRST. Once you understand how Medicare works, you can assist your parent(s) in understanding which options best fit their needs and their budget. Your confidence increases their confidence. You can become a unified team! Pick your agent wisely... and your Team will Thrive Together!