Working with a broker to get individual health insurance can be extremely valuable for some people. When you purchase health insurance through a licensed broker, you have the peace of mind in knowing that your individual or employer-sponsored plan offers the right coverage at the most affordable price. The Benefits of Using a Health Insurance Broker to Find Individual Health Insurance If you’re working with a health insurance broker, the plans he or she will offer you are ones for which they have a stake in selling. Health Insurance Broker: Insurance brokers act independently – separate from insurers, working with several carriers who pay them either a percentage or flat-fee commission on plans they sell to clients. For example,an agent working with Aetna will offer only Aetna plans. Generally, health insurance agents work on behalf of one insurance company, selling only that company’s plans. Health Insurance Agent: Insurance agents have contractual agreements with insurers directly. The terms agent and broker are often used interchangeably, though there are some key differences. You can use ’s web form to choose a plan on your own, or call ’s phone number to connect with a licensed insurance broker. Insurance agents and brokers also help business owners sift through available options to find a healthcare plan that’s compatible with the needs and budget of their company.
While some people prefer to research plan options on their own, others are overwhelmed by the process of buying health insurance and can benefit from professional assistance. What Does a Health Insurance Broker Do Exactly?Ī health insurance broker is a licensed benefits professional who can help individuals and businesses manage the health insurance selection process from start to finish. If and when you decide to work with a broker to get individual health insurance, here’s some things to keep in mind and what you should expect. Brokers simplify the process of buying health insurance and they make it easier to find coverage well-suited to your needs. Whether you’re seeking individual coverage for yourself, or you’re a business owner trying to find the best healthcare option for your employees, using an agent or broker can save you time and money.