Question: Does it cost more to buy health insurance through an agent?
There’s a common misconception that it costs more to buy health insurance through an agent or broker than to buy your coverage directly through an insurance company. After all, you’re getting a value-added service when you work through an agent. You’re getting valuable assistance from a licensed professional who knows how to help you find the right plan for your needs and budget.
A health insurance agent gets paid a commission by insurance companies for the policies they sell. Contrary to what some people imagine, however, this does not mean that buying health insurance through an agent is more expensive. By law, the commission is built into the health insurance premium already. That means, when you buy a plan through an agent, the agent gets the commission; when you buy a plan directly through the insurance company, the insurance company keeps the commission for itself. You pay the same monthly premium for your health insurance plan either way. It doesn’t cost anything extra to shop with an agent or broker.
Question: I’m healthy. Why do I need a health plan?
A health plan provides protection against future disease whose treatment could cost thousands of dollars per year. It is important to acquire a health plan while you are healthy. If you acquire the plan after contracting a serious or long-term illness, expenses related to this disease will not be covered.
Protecting the well-being and providing financial security for you and your loved ones.
Providing cost savings and effortless management so you can concentrate on your business.
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