Medicare, ACA, and Life Insurance News

How to Generate High-Quality ACA Insurance Leads

Written by www.psmbrokerage.com Admin | Tue, Nov 26, 2024 @ 10:05 PM

How to Generate High-Quality ACA Leads


In the world of ACA Health insurance, building a steady stream of high-quality leads is critical to growing your business. But let’s face it—lead generation can feel like a constant tug-of-war between cost and quality. The good news? You don’t need a Fortune 500 budget to generate ACA leads.

With a bit of creativity, strategy, and the right tools, you can fill your pipeline with prospects who are ready to convert. Let’s break down some proven (and affordable) strategies that won’t empty your wallet.

Lets review some actionable steps you can take to start generating more ACA Insurance Leads today.

1. Utilize The Find Local Help tool available from HealthCare.gov

To make yourself accessible to prospects looking for marketplace coverage, consider utilizing the Find Local Help tool available through HealthCare.gov. This tool lets individuals search for agents and brokers who can assist them with coverage options. You heard that right - prospects can Find You just buy using this search tool. Here's how you can get started:

  • Complete Necessary Training: After earning your Federally Facilitated Marketplace (FFM) certification, take the brief "Help on Demand" training course, which provides insights on leveraging the tool effectively.
  • Set Up or Update Your CMS Enterprise Portal Account: Ensure your account is active and up to date. Verify your National Producer Number (NPN) on the Agent and Broker FFM Registration Completion List to confirm your eligibility.
  • Create Your Find Local Help Profile: When filling out your profile, opt to be displayed on the Find Local Help page. Add your contact details, save the information, and let CMS validate your submission.

Once verified, your profile will appear on the Find Local Help page within a couple of business days, making it easy for clients to contact you.

Remember, while this tool is specific to federal marketplace states, state-run exchanges may offer similar options—check their requirements to ensure you're listed wherever you plan to operate.

2. Tap into Digital Marketing: Social Media Ads and Google Ads

Why It Works: Nearly everyone spends a significant amount of time online, making digital platforms a goldmine for connecting with potential clients in real time.

  • Social Media Ads: Platforms like Facebook and Instagram allow you to target specific demographics, such as age, location, and even income level. Create visually engaging ads that highlight the affordability and benefits of ACA plans. Example: “Affordable Health Plans for Families in [Your City]! Click to Learn More.”

    • Pro Tip: Use video ads to explain ACA benefits—videos get 48% more engagement than static images.
    • Fun Stat: Over 70% of consumers find new products and services on social media. Don’t miss out!
  • Google Ads: Capture prospects actively searching for ACA plans with targeted keywords like “affordable health insurance near me” or “low-cost ACA plans.” Use pay-per-click (PPC) campaigns to appear at the top of search results.

    • Pro Tip: Include a strong call-to-action like “Get a Free Quote Today!” to encourage immediate engagement.

Cost-Saving Tip: Set daily ad budgets to control spending and analyze performance metrics weekly to maximize ROI.

Guide: Social Media Strategies for Insurance Agents

3. Leverage Community Outreach: Partner with Local Organizations

Why It Works: Nothing beats face-to-face interaction when building trust and credibility.

  • Host Educational Workshops: Collaborate with community centers, libraries, or local nonprofits to host free workshops explaining ACA benefits. Use these events to position yourself as a helpful resource rather than just a salesperson.

    • Example Script: “Many people don’t realize they qualify for healthcare subsidies that can drastically lower their premiums. Let me show you how it works!”
  • Team Up with Local Businesses: Partner with gyms, childcare centers, or coffee shops to share your contact information. In return, offer to promote their services to your clients. It’s a win-win!

  • Sponsor Events: Join local health fairs or farmer’s markets. Set up a booth with engaging materials, a prize wheel, or a small giveaway to attract attendees.

Fun Fact: 92% of consumers trust personal recommendations over other forms of advertising. Community connections can turn into your best referral network.

4. Build Relationships Through Email Marketing

Why It Works: Email marketing is a cost-effective way to nurture health insurance leads over time, keeping you top of mind when they’re ready to enroll.

  • Personalized Campaigns: Segment your email list into categories such as “new prospects,” “past clients,” and “renewals.” Tailor your messaging for each group. Example: Send reminders to current clients about Open Enrollment and offer free plan reviews.

  • Educational Content: Share ACA updates, subsidy calculators, or success stories in your emails. The goal is to provide value, not just sell.

    • Subject Line Idea: “You Could Save on Your Health Plan—Here’s How.”
  • Automated Follow-Ups: Use automation tools to send follow-up emails to prospects who haven’t responded. Include a call-to-action like, “Schedule a Free Consultation Today!”

Pro Tip: Keep emails short and visually appealing—people spend an average of 13 seconds reading an email. Make those seconds count!

5. Organic Lead Generation vs. Purchasing Leads

Why It Works: Knowing when to invest in lead services versus building your own pipeline can save you money and frustration.

  • Purchasing Leads:

    • Pros: Quick access to a list of prospects who are already interested in ACA plans.
    • Cons: Purchased exclusive leads can be expensive, and you may face stiff competition if you purchase shared leads, that will have other agents contacting the same list.
  • Organic Lead Generation:

    • Pros: Builds long-term trust and reduces costs over time.
    • Cons: Requires more effort upfront, such as building a strong digital presence or engaging in community outreach.

Pro Tip: Combine both approaches. Use purchased leads to fill immediate gaps in your pipeline while developing a long-term strategy for organic lead generation.

Stat to Know: Organic leads have a 14.6% close rate compared to 1.7% for outbound methods like cold calling. A balance of both methods can supercharge your results.

LeadStar: Compliant Leads with High Conversion Rates

6. Offer Value-Driven Content

Why It Works: In the digital age, content is king. Providing educational and engaging content helps prospects see you as a trusted authority.

  • Create a Blog: Share helpful articles like “How to Enroll in an ACA Plan” or “5 Tips to Save on Health Insurance.”
  • Use Social Media: Post quick tips, FAQs, and success stories to engage followers and drive inquiries.
  • Host Webinars: Virtual events are cost-effective and allow you to connect with a wider audience.

Quote to Remember: “Content builds relationships. Relationships are built on trust. Trust drives revenue.” — Andrew Davis, Marketing Expert

Partner with PSM Brokerage

Generating ACA Health Insurance leads doesn’t have to drain your budget or overwhelm your schedule. With the right strategies, you can grow your pipeline, close more sales, and build lasting client relationships. At PSM Brokerage, we’re here to make that process even easier.

As a leading ACA FMO, we provide:

  • Access to top ACA carriers with competitive commissions.
  • A free Marketing Hub packed with customizable materials to support your outreach.
  • Comprehensive training and one-on-one support to help you master lead generation.
  • Proven tools, like a proven CRM, and strategies tailored to ACA agents.

Ready to elevate your ACA business? Contact PSM Brokerage today and discover how we can help you generate ACA leads and achieve your sales goals. Together, we’ll take your business to new heights!