How to Make Extra Income as a Captive Health Insurance Agent

As a captive agent, you’re likely aware of the trade-offs that come with representing a single company. While it provides job security and product expertise, it can also limit your ability to diversify your offerings. But what if there was a way to earn additional income without stepping outside of your current role? Let's explore how you can tap into new revenue streams even as a captive agent, with an emphasis on referral programs like OneShare Health’s.

What Does it Mean to Be a Captive Agent?

Being a captive agent typically means you're contracted to sell one company's products, often within the healthcare industry. This can be beneficial in terms of building deep knowledge about the specific programs you offer, leading to stronger sales results. However, one of the main drawbacks is that your options are limited when it comes to selling additional healthcare products. Unlike independent agents, who can offer a variety of solutions, captive agents are often restricted to a single company’s line of products.

This limitation might seem like a barrier to earning more, but there are ways to work within these confines and still increase your income.

Benefits of Being a Captive Agent

Despite the restrictions, there are plenty of reasons why many agents prefer to remain captive:

• Specialized Knowledge: You become a true expert in the products you sell, which builds trust and credibility with clients.
• Job Security: Many captive agent contracts include benefits like health insurance and retirement plans, which offer financial security similar to any normal W2 job.
• Company Support: You often have access to a strong support system, including marketing materials, training, and administrative help.

But what if you could take advantage of the benefits of being a captive agent while also supplementing your income in other ways?

How to Maximize Your Income: Affiliate and Referral Programs

One way to potentially increase your income is through referral and affiliate programs. These programs allow you to refer leads or clients to other services that complement the offerings of your main company. For example, as a health-focused agent, you may come across leads that are not a fit for the products you offer. Instead of letting those leads go to waste, why not monetize them?

Referral Programs with OneShare Health

OneShare Health offers an excellent opportunity for captive agents through its referral program. Here’s how it works: when you come across leads that may not qualify for your agency’s offerings, you can refer them to OneShare Health, a Health Care Sharing Ministry. For each closed referral, you can earn up to $200.

OneShare Health provides a simple platform for managing your referrals, complete with marketing materials like email templates, social media posts, and text message templates. The best part? Referring to OneShare Health is incredibly easy—you don’t even have to lift a finger. Once you submit your referral, our internal representatives will handle the rest of the process for you. All you need to do is watch your dashboard to track the progress and see where your leads are in the system.

This is a great way to make use of your "dead" leads and provide a solution for prospects who aren’t eligible for your main offerings. It’s a win-win for both you and your leads.

Why OneShare Health is a Great Alternative

OneShare Health is a Health Care Sharing Ministry that provides an alternative to traditional insurance for individuals and families. It’s ACA-exempt and works on the principles of sharing medical expenses among Members.

Here’s why OneShare Health is a great referral option:

• Nationwide Availability: OneShare Health’s programs are available across the U.S. in 44 States, so you have a wide range of leads to possibly work with. 
• Affordable Monthly Contributions: With programs starting as low as $72.99 per month, OneShare Health provides a budget-friendly alternative for those who may not want or need traditional health plans.
• Comprehensive Membership Features: All OneShare Members have access to great features such as Virtual Urgent Care (Telemedicine), Virtual Primary Care, Virtual Vet, prescription and medical discount programs, Mental Health support, and more. Not to mention, OneShare Health is partnered with the First Health Network, giving Members access to over an estimated one million providers nationwide.

By referring your leads to OneShare Health, you’re not just earning extra income; you’re also providing your clients with a valuable alternative that could be the right fit for their needs.

Start Earning Passive Income Today

Don’t let the limitations of being a captive agent hold you back from increasing your income. With programs like OneShare Health’s referral system, you can start earning up to $200 for every closed referral. It’s easy to set up your account, access marketing materials, and start earning today.

If you’re interested in learning more about how you can add a steady stream of passive income, sign up for OneShare Health’s referral program and start benefiting from those old, unused leads.

Ready to start? Create your referral account here.