In its simplest definition, a health insurance broker (also commonly known as an agent) is someone who’s licensed to sell health insurance. However, there are lots of different providers they provide you that fall under the umbrella of selling health insurance. Listed below are a number of the most vital:
Maybe crucial fact to know about working with an agent is that it’s free. Insurance agents are paid by insurance carriers, not by consumers. So don’t be concerned about having to pay some service fee for signing up for a plan with an agent, because it will price you nothing more than when you were to do it yourself
Health insurance is confusing, and an agent will clarify it to you until it makes sense. Ask all of the questions you need, that is what they’re there for. Need to know what your coinsurance will be on a sure plan? Need to know what coinsurance even means? Ask away!
An agent may help you examine plans that you just’re interested in. When you let an agent know what it is you are looking for, they’ll slender down your possibilities and clarify the benefits of each. They can check to see in case your doctors and likered medical facilities are in-network, and they can just to see if any prescriptions you take are covered (and the way much).
Your agent is your agent as long as you have got your policy. This means that you have somebody you may contact when you’ve gotten questions and even when you wish to shop round for a new plan. You’ve got got somebody in your nook, as opposed to just winging it and picking out a plan in your own.
Because I am certain you do not need to be here reading all day, these are only a number of of the biggest benefits of using a licensed agent to purchase health insurance. That is not even including how much time and frustration an agent can save you (we’ll save that for one more article!).
To make it even more convenient for you, many brokers have the ability to access plans which are each on and off-exchange (government-run Marketplaces for health insurance). This provides you with even more options. Additionally, for agents who can access on-trade plans, they will additionally decide your subsidy eligibility that can lower your premium and out-of-pocket expenses. Once more, saving you yet another headache.
The next time you might want to enroll in or change a health plan, keep a licensed agent in mind- it won’t cost you anything, however it will definitely save you a lot.
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