Are you an insurance broker in need of AHIP?
Photo By Goumbik On Pixabay
To sell Medicare Advantage, an insurance broker must take a certification called AHIP every year before product certification. Most carriers will not allow access to their certifications until an insurance broker completes their AHIP. There are a few exceptions to this rule. For example, UnitedHealthcare does not require it to sell its products. Instead, they let you skip a few of their product certification modules if you apply your AHIP. Other carriers offer their versions of the AHIP exam, but these cannot be transferred over to different carriers.
Cigna Healthspring offers Pinpoint, which is very similar to AHIP but is $89. This is quite a bit of a discount compared to the cost of AHIP, which is $175. So, if you go in to certify for Cigna Healthspring and take their Pinpoint, it will take the place of AHIP. However, it is only valid for Cigna Healthspring. If you plan on offering other carriers in the market, they will not accept Pinpoint as a credible AHIP substitute. Therefore, you will still have to go and take (and pay for) your AHIP. Several carriers offer a discounted price of $125 for AHIP if you take it through their portal. Among these are Humana, Cigna Healthspring, United Healthcare, Allwell, and Aetna.
Dave recommends going ahead and taking your AHIP through a carrier that offers a discount. You can even do it through a carrier that offers their version. One reason to do this is because of the discount, and some carriers will reimburse your remaining AHIP fee if you sell and keep a certain amount of policies on the books after the rapid disenrollment period! As for Cigna, you will be reimbursed for keeping five policies. Allwell offers reimbursement after keeping two policies, and Humana offers reimbursement for keeping ten policies. Taking the actual AHIP will allow you to take the test only one time and transfer it over to other carriers.
Agents
We hope that this information for an insurance broker was useful to you.
Empower Brokerage is dedicated to helping you make informed decisions about your health and finances. Whether it’s through webinar training, one-on-one calls, seminars, or marketing plans, we want you to be successful!
Give us a call at 888-539-1633 or leave a comment below if you have any questions.
Quick links:
This article was updated on 6/24/2024.
