Bankrate Audio » Using A Health Insurance Agent
Editor's note: This is a transcript of the audio file.
Health insurance agents and brokers are like insurance Sherpas that help you navigate the complex hills and trails of America's health care system. And, they can save you time and money, whether you're an individual seeking coverage or a business owner shopping for the best medical plan for your employees. I'm Doug Whiteman with your Bankrate.com Personal Finance Minute.
An insurance agent represents a particular insurance company directly and may be able to offer you a lower rate, easier plan changes and a closer relationship with the insurer. A broker, on the other hand, may be able to find you a better fit by combing the market.
Agents and brokers both make their money through commissions paid by the insurance company.
Why is it a good idea to have one of these middlemen at your side when you wade into the health insurance market? Because you're buying something you hope will cover you for a long time. Plus, your health and that of your family can change constantly, and so can your insurance needs. For more on health insurance agents and brokers, visit Bankrate.com.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Compare multiple quotes in just 6 minutes
Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.
Many health insurers are looking to increase premiums by 10 percent or more next year.
... Read more