In its simplest definition, a health insurance broker (also commonly known as an agent) is someone who is licensed to sell health insurance. However, there are many different services they provide you that fall under the umbrella of selling health insurance. Listed below are some of the most vital:
Maybe an important truth 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 charge for signing up for a plan with an agent, because it will value you nothing more than should you were to do it yourself
Health insurance is confusing, and an agent will clarify it to you until it makes sense. Ask all the questions you need, that is what they’re there for. Wish to know what your coinsurance can be on a certain plan? Want to know what coinsurance even means? Ask away!
An agent can assist you compare plans that you simply’re interested in. While you let an agent know what it is you’re looking for, they are going to slender down your possibilities and explain the benefits of each. They can check to see if your medical doctors and likered medical facilities are in-network, and so they can just to see if any prescriptions you take are covered (and how much).
Your agent is your agent as long as you will have your policy. This means that you’ve someone you may contact when you will have questions or even if you wish to shop round for a new plan. You have got somebody in your corner, versus just winging it and picking out a plan on your own.
Because I’m sure you don’t wish to be right here reading all day, these are only a number of of the biggest benefits of using a licensed agent to purchase health insurance. That’s not even together with how much time and frustration an agent can save you (we’ll save that for an additional article!).
To make it even more convenient for you, many brokers have the ability to access plans which might be 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-alternate plans, they can also determine your subsidy eligibility that can lower your premium and out-of-pocket expenses. Again, saving you yet another headache.
The following time you want to enroll in or change a health plan, keep a licensed agent in mind- it won’t cost you anything, but it will definitely prevent a lot.
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