Questions to Ask a Health Insurance Broker
Whether you are seeking a health insurance policy for yourself or you are a business looking for health insurance for its employees, you can use the services of a health insurance broker. Brokers can actually save you money and time in the long run. As opposed to auto or home insurance, health insurance policies require regular assessment. Your healthcare needs can change at any time and so you need to have a health insurance broker who can give you the best options. They will provide you with the information you require about different companies and their respective health insurance policies, according to your requirements and budget.
But, in order to ensure that you are getting the best deal, you have to choose the right health insurance broker. Here are some questions you should ask them to ensure you are making the best choice:
Ask about their company
Before you make a decision, you need to ask for some in-depth information about the broker and their company. Ask them how long they have been in business as brokers with experience will have better connections and greater knowledge of health insurance companies. You can also ask them to provide references and reliable brokers will not hesitate in sharing this information. Background, education and possible certification are also questions to be asked.
Ask them about the account manager
When you want to find health insurance in San Antonio, you obviously want the best policy. Therefore, you don’t want to be just another number for the health insurance broker. You wish to be treated as an individual client. Thus, you should ask them if they will offer you a dedicated account manager who can answer your questions and will be focused on providing you the best option according to your needs and requirements.
Ask them about the type of plans
The best health insurance broker is one that gives you access to a variety of plans to choose from. You can learn about managed care systems (HMOs) and preferred provider organizations (PPOs). There are also indemnity health plans under which you have to pay a specific percentage of the health costs and the rest is dealt with by the insurance company.
Ask them about the fee they charge
While health insurance agents are salaried, brokers actually depend on commission for their income. They receive a commission from the health insurance company for selling their policy. The commissions paid out to the broker are already built into the cost of the policy, so you don’t have to pay any extra amount in the long run.
Ask them about the benefits they offer
If you are looking for an insurance policy for your employees, you would prefer a broker that can also offer other services that can range from disability to life insurance. In terms of convenience and price, it is beneficial to consider bundling all services together and getting them from just one health insurance broker that can provide multiple services and benefits.