If you are 65 or older, sooner or later, you will be on the look-out for a health insurance plan that provides you decent coverage. Hiring an insurance broker will ensure the process goes smoothly.
Health Insurance Brokers—Who Are They?
Health insurance brokers act as middle men between you—the client—and the insurance company/carrier.
They are licensed professionals in the healthcare industry. This means they have passed a series of college-level exams in each state they choose to work in. In 2016, there were around 1.1 million independent health insurance brokers in the U.S and this number has only increased over the years.
Should You Hire One?
Brokers can make investing in an insurance plan easy for the following reasons:
· Brokers Don’t Make You Pay More
Whether you buy an insurance plan directly from the insurance company or from an independent broker, the rate quoted will be the same.
Generally, insurance carriers pay the brokers a commission from a slice of the insurance premium. This covers the sale of the health plan as well as any servicing cost. If a fee is applicable, the broker should clearly communicate this beforehand.
· They Give Unbiased Expert Recommendations
Health insurance brokers know the ins and outs of the insurance business. They can compare different policies for you and recommend ones that best suit your budget and needs.
They break down the nitty-gritties of health plans for their clients to help them understand better. Health insurance plans such as Medicare can seem confusing. Medicare Values’ team of expert brokers guide clients through the entire process and assist in making the right plan selections.
· Brokers Help You Stay on Top of Market Changes
The health insurance industry is dynamic. Insurance companies add and remove plans, enter and exit the federal insurance exchanges and make modifications in their pricing and regulations. Brokers help clients understand these market changes and act accordingly.
· They Provide Assistance with Application and Enrollment Procedure
Applying for health insurance can get overwhelming at times. There are many steps involved like filling out the application, uploading relevant documents and providing bank information. Hire a broker to make the enrollment process as smooth as possible.
· Brokers Acts as Effective Client Liaisons
Health insurance brokers work hard to liaise directly with the insurance company so you don’t have to. If you have a billing or claim concern, or need to make changes in your insurance plan, the broker acts as your advocate.
Medicare Values—Brokers That Work For You!
Medicare Values is an independent health insurance brokerage based in Raleigh, North Carolina and service Texas and Virginia. We put our clients first to ensure that their Medicare insurance needs are catered to.
We represent several insurance companies to give you the best value for your insurance dollar. Our competent insurance brokers find an insurer that’s right for you, without any biases involved.