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Broker Manager- Medicare - job 3 of 3

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary

This position must sit in Iowa.

CVS Health/Aetna is hiring a Broker Manager to support our growing Sales Organization.

CVS Health/Aetna is working to transform the way Iowa experiences health care – improving quality, emphasizing whole-person wellness, and driving down costs. Aetna is hiring a local Broker Manager to support the growth of our industry leading eastern Iowa business. This is a highly collaborative role that will report to the Sales Leader and drive local broker distribution and sales success.

Accountable for driving and achieving company defined distribution channel sales goals and objectives.

Responsible for the execution of market strategy impacting the recruitment, onboarding, engagement, production, and compliance adherence of assigned independent broker base.

- Travel expectations include local broker and agency activity, market team meetings, territory, and grassroots leads, and overall, in-person sales activity
- Local sales director will provide guidance on expectations for field visits

Fundamental Components:
∙ Responsible for meeting established health plan broker sales goal through management of assigned block of brokers.
∙ Prospects for and recruits new brokers through collaboration with National and Direct agency relationships or through broker marketing activities targeted direct to the brokers.
∙ Achieves ample market coverage through persistent recruiting activities.
∙ Responsible for identifying and developing local preferred brokers to support the attainment of health plan goals.
∙ Responsible for recruiting and onboarding new brokers by supporting their navigation of contracting, certification, and initial and recurrent training requirements.
∙ Provides leadership for all broker training, recertification, and testing through in-person and webinar-based resources for individual and group meetings
∙ Responsible for driving sales by creating and maintaining partnerships.
∙ Strategy should utilize the deployment of various tactics such as in-person, telephonic, and written communication methods, and information management.
∙ Responsible for ongoing individual broker management and Local Agency Development.

Compliance Responsibilities:
∙ Fulfilling company required agent monitoring opportunities on a quarterly basis
∙ Documenting broker monitoring
∙ Following through with agent oversight watchlist requirements
∙ Coordinates response to broker-related complaints.
∙ Responsible for ensuring broker adherence to all CMS and Aetna guidelines.
∙ Monitors compliance with state, federal, and health plan regulatory requirements.
∙ Prioritize broker relationships and optimize the broker development program
∙ Assist brokers with the appropriate process for member service and health plan resources


Required Qualifications

**MUST be located in Eastern Iowa or willing to self-relocate**

- Minimum 5 years sales and/or Broker sales experience in the Medicare industry.

- Excellent written and verbal communication and presentation skills.
- Ability to communicate effectively with all levels of management.
- Insurance Producer License required (Health & Life).
- The ability to use standard corporate software packages and corporate applications.


Preferred Qualifications
- Driven Sales Leadership and entrepreneurial marketing mindset.
- Excellent time management skills with a commitment to ensure completion of tasks and campaigns.
- Collaborative relationship builder and team player.


Education

- Bachelor’s degree or equivalent work experience

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$54,400.00 - $113,934.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

  • Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

  • No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

  • Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 05/03/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

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Average salary estimate

$84167 / YEARLY (est.)
min
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$54400K
$113934K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Broker Manager- Medicare, CVS Health

Are you ready to take your career to the next level? CVS Health is on the lookout for an enthusiastic Broker Manager for their Medicare division, and this is a fantastic opportunity for someone based in Iowa since the role is work-from-home! At CVS Health, we believe in creating a world of health tailored to every consumer, and as a Broker Manager, you'll play a pivotal role in supporting our expanding Sales Organization. Your main focus will be on collaborating with brokers, executing market strategies, and driving sales success in the eastern Iowa region. You'll be responsible for managing a block of brokers, meeting sales goals, and fostering positive relationships to ensure compliance and engagement. This position requires a proactive and strategic approach, including prospecting for new brokers and delivering top-notch training and support. Your day-to-day could involve in-person visits, webinars, and helping brokers navigate the complexities of certifications—and you’ll enjoy being at the heart of health care transformation! With exciting compliance responsibilities and a significant emphasis on teamwork, this role promises a fulfilling experience in making a tangible impact on the community's health. If you are an excellent communicator who thrives in a collaborative environment and has a strong sales background in the Medicare sector, we want to hear from you. Join us in fostering healthier lives at CVS Health!

Frequently Asked Questions (FAQs) for Broker Manager- Medicare Role at CVS Health
What responsibilities will a Broker Manager at CVS Health have?

As a Broker Manager at CVS Health, your primary responsibilities will include managing and supporting a designated block of brokers to meet health plan sales goals, recruiting and onboarding new brokers, providing comprehensive training, and ensuring compliance with CMS and Aetna guidelines. You will also lead broker engagement initiatives and develop partnerships to enhance distribution and sales strategies.

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What qualifications do I need to become a Broker Manager at CVS Health?

To qualify for the Broker Manager position at CVS Health, candidates should have a minimum of 5 years of sales experience in the Medicare industry, excellent communication skills, and an active Insurance Producer License (Health & Life). A bachelor's degree or equivalent work experience is preferred, along with a strong ability to manage relationships and promote effective collaboration.

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What are the travel expectations for the Broker Manager position at CVS Health?

The Broker Manager role at CVS Health involves local travel across eastern Iowa for broker and agency activities, market team meetings, and other relevant in-person sales engagements. This travel is crucial for establishing relationships and overseeing broker activities for better sales outcomes.

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How does CVS Health support broker development in the Broker Manager role?

CVS Health’s Broker Manager is responsible for enhancing broker development by recruiting and onboarding new brokers, providing ongoing training and resources, and ensuring they meet compliance standards. The role emphasizes building strong relationships while employing various communication methods to achieve heightened broker engagement and sales performance.

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What benefits can I expect as a Broker Manager at CVS Health?

As a Broker Manager at CVS Health, you will enjoy a comprehensive benefits package, including competitive salaries, affordable health plans, a 401(k) with matching contributions, and various wellness programs. Additional perks include flexible work schedules, tuition assistance, and opportunities for professional growth that reflect the company’s commitment to employee well-being.

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Common Interview Questions for Broker Manager- Medicare
What strategies would you implement to recruit new brokers?

To recruit new brokers effectively, I would leverage personal networks and partnerships with national and direct agencies. Incorporating targeted marketing campaigns and attending local events will help in identifying potential brokers who embody the values of CVS Health. Additionally, I would emphasize a supportive onboarding process to facilitate their success.

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How do you ensure compliance among brokers?

Ensuring broker compliance involves regular monitoring, conducting training sessions about CMS and Aetna regulations, and maintaining thorough documentation of compliance measures. Engaging brokers in discussions about compliance requirements fosters accountability and builds trust in our partnership.

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Can you give an example of how you motivated a team to meet sales goals?

In my previous role, I motivated my team by setting clear, attainable sales goals and creating a supportive environment for discussion and collaboration. Regularly recognizing individual and team achievements helped maintain high morale, and I focused on providing continuous training to empower them to succeed.

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How do you approach training sessions for brokers?

I take a collaborative approach to training, combining in-person sessions with webinar options to cater to different learning styles and schedules. I make sure to include practical examples, interactive elements, and resources that brokers can refer to after the training, ensuring they feel supported in their development.

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Describe your experience managing broker relationships.

My experience in managing broker relationships is characterized by open communication and regular check-ins. By setting clear expectations and providing resources during onboarding, I foster a collaborative environment where brokers can feel valued and engaged. I have found that investing time in building personal connections leads to better outcomes.

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What tools or software are you familiar with for sales management?

I am proficient in standard corporate software for sales management, including CRM systems that track broker performance and communication. Additionally, I utilize data analytics tools to assess market conditions and broker productivity, enabling data-driven decision-making.

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How would you handle broker complaints?

Handling broker complaints requires a calm and structured approach. I would actively listen to the broker’s concerns, ensure I fully understand the issue, and work towards a solution that aligns with company policies. Following up to confirm resolution fosters trust and positive relationships.

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What role does teamwork play in your success as a Broker Manager?

Teamwork is vital for success as a Broker Manager; collaboration with peers, brokers, and internal teams enhances our collective ability to achieve sales goals. Building a culture of teamwork promotes knowledge sharing, creativity in problem-solving, and ultimately leads to better service for our clients.

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How do you stay updated with healthcare regulations impacting brokers?

I keep myself informed about healthcare regulations impacting brokers through continuous education, attending industry conferences, and subscribing to relevant publications. Networking with peers also provides insights into emerging trends, fostering a proactive approach to compliance.

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Why do you want to work as a Broker Manager at CVS Health?

I want to work as a Broker Manager at CVS Health because I am passionate about making a positive impact on people's health outcomes. CVS Health's commitment to transforming healthcare, paired with its supportive culture, aligns perfectly with my professional values and goals.

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We help people with their health wherever and whenever they need us. And we do it with heart. Because our passion is our purpose: Bringing our heart to every moment of your health™.

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DATE POSTED
April 10, 2025

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