Health Insurance Broker - Final

Why it is good to buy health insurance through a broker?

Buying a health insurance plan is probably one of the most difficult tasks. As compared to auto, life

or house insurance, health insurance involves thorough research in order to find the right fit. This is

because health insurance is an ongoing process, a first step towards something that lasts for a

lifetime. As the customers may need to modify their health insurance plans with age, a broker plays

an important role in finding a suitable health insurance plan for them.

The basic difference between health insurance brokers and agents is that brokers will find a plan by

carefully searching through the entire market whereas agents will simply provide a plan from the

insurance company for which they work.

The below mentioned points highlight the importance of a health insurance broker:

1. Better cost:

Many people are under the impression that it is more expensive to buy insurance through a broker

as compared to buying it directly from an insurance company. However, this isn't exactly true.

Brokers offer much better rates simply because insurers provide unique rates to brokers. They are

given professional training to provide the most suitable plan to the customer, and they make sure

that their customers are not under insured. Providing the right insurance plan to customers, reduces

the chances of unnecessary claims being made and hence, brokers receive these special rates as the

risks for these insurance plans are low.

2. Security of personal information:

Personal data security is one of the most important factors that customers are worried about. They

would not want their personal information to be used somewhere else for direct marketing

purposes and getting cold calls from other agents. Brokers, however, are fully equipped to handle

such personal information confidentially.

3. Faster processing:

Health insurance brokers are quite efficient when it comes to processing of data, as against the

company officials...