If you or your family require health insurance, then an experienced health insurance or medical insurance broker may be able to lend a hand. What is a health insurance broker? In simple terms, a health insurance broker is someone who helps connect people looking to purchase insurance with health insurance companies. For many people like yourself who are looking for health insurance or group insurance plans, health insurance brokers CA are a popular option. People that are more likely to enlist the services of a health insurance broker are those that do not have access to employer-based insurance (those that are self-employed) and others with pre-existing conditions that may make it more difficult to get health insurance.
In many respects, the role of a health insurance broker almost mirrors that of a realtor. For example, just as a real estate agent works to find the best house at the best price, insurance company brokers look for the best insurance rates for their consumers. As soon as the health insurance broker is successful in their task, both the insurance company and the customer sign documents to legalize the health insurance purchase.
While it appears as if the health insurance broker is looking out for the best interests of the health insurance company, this is simply not the case-- the health insurance broker is working for the best interest of the consumer. Above all, one of the primary roles of a health insurance broker is to be knowledgeable of the health insurance companies available-- and of those insurance companies, which ones are right for the consumer. Even more, health insurance brokers are also helpful in more ways regarding your health insurance plan. Health insurance brokers will be able to provide information on premiums, deductibles and co-pays and much more. Health insurance brokers are often times paid a small fee for referring customers to insurance companies, and are only paid once the customer purchases the health insurance plan. Get to know more about health insurance brokers in California.
These payments that the health insurance broker receives are referred to as commissions. This commission can be paid in 3 ways: it can be paid directly from the insurance company, it can be paid directly from the consumer, or even from both the health insurance company and the consumer that purchased the plan. This fee can seem like a well-earned fee, especially if the end result is the customer being happy with their healthcare insurance.
As health insurance brokers are required to be licensed, you can rest assured that they will be working for you.