Shopping for medical insurance isn’t easy, especially if you are an employer looking for group coverage to offer employees. Medical insurance can be a significant part of employee benefits which helps your company retain quality workers. While you can work directly with an insurance agent to find adequate group coverage, you may find that medical insurance brokers can offer better plans at a reduced cost.
Furthermore, medical insurance brokers make shopping for insurance easy. They take care of the heavy lifting so you can focus on running your business. Shopping for insurance is one of those tasks which must be completed but is usually never any fun. Since it is vital to your business and your employee base, you should consider working with medical insurance brokers who can make it easy.
Here’s what you need to know.
Medical Insurance Brokers vs Agents
Just about everyone is familiar with medical insurance agents. They sell medical insurance for a single company. While they serve their clients and try to offer them the best deal possible, their options are limited because they work for a single company. Medical insurance agents may sell individual plans or group plans, but they only sell for one singular company. Many people have done business with medical insurance agents at some point in their lives.
Medical insurance brokers work for their clients. They are often able to get a better deal for their clients because they are not limited to selling for one company. Medical insurance brokers meet the needs of their clients by searching through multiple offerings from different companies. They act independently to find the best individual or employer-sponsored plan for their clients.
Medical Insurance Brokers Services
While insurance agents and health insurance brokers are both in the business of selling, brokers are more equipped to meet the needs of their clients. Once you discuss your needs with a medical insurance broker, they have a wide array of resources to pull from to meet those needs. Medical insurance brokers have access to an array of solutions that may be difficult or cost-prohibitive to access on your own.
Medical insurance brokers can also connect clients with other key benefits such as electronic enrollment systems or wellness consultants. They can share information on health risk insights and specific trends important to your industry which may present a cost savings opportunity when you purchase group health insurance.
Health Insurance Brokers Simplify the Process
When you shop with an insurance agent you must actively choose from the specific plans they offer. Working with medical insurance brokers completely simplifies this entire process. You give them your information and tell them what you’re looking for, with a key emphasis on the most important features and possible budget. Medical insurance brokers then get to work to find plans that fit your budget needs while offering all the key features you’re looking for. They also offer you a designated contact person for help with claims, coverage questions, access to care, etc. which can not be offered on a website or toll-free number. If you’re in the market for group insurance, consider working with health insurance brokers who can help meet your needs today.
