In its most simple definition, a health insurance broker (also commonly known as an agent) is somebody who is licensed to sell health insurance. Nevertheless, there are many different services they provide you that fall under the umbrella of selling health insurance. Here are a few of the most vital:
Perhaps 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 value you nothing more than in the event you had been to do it your self
Health insurance is complicated, and an agent will explain it to you till it makes sense. Ask all the questions you need, that’s what they’re there for. Want to know what your coinsurance will be on a certain plan? Need to know what coinsurance even means? Ask away!
An agent will help you examine plans that you simply’re interested in. If you let an agent know what it is you are looking for, they will slender down your possibilities and explain the benefits of each. They’ll check to see if your docs and likered medical facilities are in-network, they usually can just to see if any prescriptions you take are covered (and how a lot).
Your agent is your agent as long as you’ve your policy. This means that you’ve somebody you possibly can contact when you’ve questions or even when you want to shop around for a new plan. You’ve got someone in your nook, as opposed to just winging it and picking out a plan in your own.
Because I’m sure you do not wish to be right here reading all day, those are only just a few of the biggest benefits of using a licensed agent to buy health insurance. That’s not even including how much time and frustration an agent can save you (we’ll save that for an additional article!).
To make it even more handy for you, many brokers have the ability to access plans that are each on and off-exchange (authorities-run Marketplaces for health insurance). This provides you with even more options. Additionally, for agents who can access on-trade plans, they’ll additionally decide your subsidy eligibility that may lower your premium and out-of-pocket expenses. Once more, saving you yet one more headache.
The subsequent time it’s good to enroll in or change a health plan, keep a licensed agent in mind- it won’t price you anything, but it will certainly prevent a lot.
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