A health insurance broker can be your trusted ally in finding the most suitable and affordable coverage plan for individuals and businesses alike. When you work with a broker, you’re hiring someone who brings their knowledge and proficiency in the insurance market to recommend plans and help you select and enroll in the program that will benefit you the most.
A good broker can assist you in navigating the market and decipher the laws that govern the insurance industry so that you and your business are in compliance at all times. He or she will demonstrate that they have acquired the necessary licenses and met every requirement to ensure that he or she is legally permitted to provide you with all of the services that a broker is expected to carry out.
The Broker’s Responsibilities
If you hire a broker to help you purchase a plan, you’re doing so under the assumption that he or she is going to provide you with a full array of services to ensure you’ve taken all of the necessary steps to buying the right coverage for your business. A broker has many responsibilities that they should carry out for the duration of the process.
It starts with providing you a range of quotes on different plans that should meet your particular needs. The broker will sit down with you and talk about the variety of plans that are available and discuss the many options that he or she has found based on the size of your business and the number of employees to whom you will be providing coverage. Once you decide on the right plan, the broker will then help you get the account active and assist in getting the paperwork and other administrative duties completed.
That’s not all. Your broker continues to work with you as he or she will be the primary custodian of the account, dealing with any problems that might arise where claims, billing, and eligibility requirements are concerned. The broker may then recommend any changes or better ways to get as much out of your coverage as possible once it’s been purchased and implemented. When it’s time to renew the coverage, your broker is the one who will assist you in that process as well.
Finding a Broker
You have a number of options when you begin that all-important search for the right broker. You can look to friends and colleagues who have been through the insurance plan process already. Get in touch with local health insurance associations or your Chamber of Commerce for some suggestions for reputable insurance brokers.
Most people go online to find brokers. They seem to go there for everything else nowadays and, as you might expect, there is a wealth of websites and other online resources that are there to point you in the right direction.
If you decide to go the online route, just be aware that there are two types of organizations that you will encounter. There are websites that are sponsored by independent brokers who are looking to make contact online at first but will deal with you directly offline and there are the companies that only handle everything with their customers through the website.