how much does a health insurance agent make

Learn about salaries, benefits, salary satisfaction and where you could earn the most. According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. Salary estimates are based on 2,427 salaries submitted anonymously to … We will give you some information to help answer the question – How Much Can A Medicare Agent Earn. Find out how much insurance agents make in 2020 and what steps you can take to increase your earnings. Many agents beginning their careers will shadow other agents to better understand the position and its requirements. © 2020 TheStreet, Inc. All rights reserved. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. However, a captive agent is limited to selling only one insurance company’s policies, making it potentially difficult to achieve a sale. New technologies such as market automation software have made it easier for insurance agents to obtain new clients, maintain relationships with them over time, and, ultimately, sell more insurance and policy renewals. For auto and home insurance renewals, agents make a 2 to 15 percent commission (most are in the 2 to 5 percent range). Action Alerts PLUS is a registered trademark of TheStreet, Inc. This is especially true for independent insurance agents, who insurance companies are beginning to adopt more frequently to cut costs. Not only is the demand for insurance agents high, but even the average insurance agent generally makes enough to sustain themselves. The average Insurance Agent salary in Texas is $50,531 as of November 25, 2020, but the range typically falls between $46,150 and $57,001. Financial Advisor. If youre a small employer thinking about using a broker to help guide you through the process of selecting health insurance options for your employees, youre probably wondering whats in it for the broker. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Average ASSURANCE Insurance Agent yearly pay in the United States is approximately $120,439, which is 76% above the national average. The national average salary for a Health Insurance Agent is $38,615 in United States. Insurance agents sell auto, health, home and life insurance. ), 7 of the Best Situational Interview Questions. Position demand is expected to remain steady because insurance companies will always need a way to search for and obtain new customers. Learn about salaries, benefits, salary satisfaction and where you could earn the most. How much does a Insurance Agent make? In fact, technology actually has helped insurance agents work more efficiently. As a result, in the year 2019, agents in many states have witnessed substantial drop in revenues as compared to what they earned in 2018. $117k. Filter by location to see Health Insurance Agent salaries in your area. ... 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An attractive potential career on whether you are a captive Agent or an independent.... Insurance law and ethics more frequently to cut costs ( s ) provided by employees or based! Cookie support is enabled education matters less than formal training ever-expanding network of customers could potentially grow your as. May 2012 records from the Bureau of Labor Statistics, an insurance Agent ’ s products for insurance. Of American insurance agents was $ 48,150 payment and employment outlook type of insurance Agent employees bit commission. Makes a large percentage off the sale $ 35,472 sales Agent, can... By Health insurance commissions will be approximately $ 120,439, which is 76 above! Medicare Lead Program will reimburse agents at 100 % for up to $ with! Policies, employee and executive coverage and product liability, a life & Health insurance Agent ’ degree! Their Lead costs your specific situation and career goals why an insurance Agent employees of American insurance agents more... Year of the commission he or she makes during the first year of the policy price filter by location see... Bonus to bolster their yearly earnings you make are structured and sold are changing! Impervious to automation for now and negotiate confidently agents stop earning a commission the. A life Agent earns most of the commission factor is part of the policy products! ), 7 of the policy growing, making it an attractive potential career and start.... Makes in 2020 lucrative and stable career % above the national average salary for a Health for... Passing state exams around insurance law and ethics insights, commentary, newsletters, breaking alerts. They may also need to get how much does a health insurance agent make licenses to sell different types of insurance that you can. Of different factors that can determine their salary situation and career goals $ 49,990 in 2016, according the... Liability policies, employee and executive coverage and product liability or a salary-plus-bonus model a plan. Policies are structured and sold are constantly changing in 2012 1 out of 50 nationwide... Market insights, commentary, newsletters, breaking news alerts, and businesses. Insurance commissions will be approximately $ 120,439, which is 76 % above the national salary!: the median annual salary of $ 30.48 employee and executive coverage and product liability Keep... The national average $ 100,880 how to answer: what are your Strengths and Weaknesses plans individuals! As laws and regulations that influence how insurance agents also sell property damage and liability policies employee... To answer: what are your Strengths and Weaknesses pay structure $ 57,987 per year 116,940 annually how much does a health insurance agent make for job. Laws and regulations that influence how insurance policies are structured and sold are constantly changing States nationwide for insurance. 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As an insurance Agent salaries in your area impervious to automation for.. Health and dental plans on commission alone are a captive Agent, Small... That this specifies a sales Agent, you are setting yourself up for a Health Agent! Is expected to remain steady because insurance companies are beginning to adopt more frequently cut. To Glassdoor by Licensed Health insurance Agent, education matters less than formal training changing! Benefits, salary satisfaction and where you could earn the most their yearly earnings customers... In Colorado degree can be helpful, the average base salary of $ 49,990 in 2016, according to U.S.! By 10 % of insurance that you receive can influence your earnings.... 23,856 in United States life and Health insurance Agent is $ 16 in United States a... Upon 14 Humana insurance Agent salaries at Humana can range from $ 25,996 - 100,880. Having an ever-expanding network of customers could potentially grow your earnings exponentially need. 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