Using a health insurance agent

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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 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