Is it better to go through a broker for health insurance?

You only must use a health insurance broker or agent if you want to purchase coverage outside of the Marketplace. In other words, you’ll only need a broker or agent if you want to buy a non-ACA compliant plan. To put it even more simply, if you want a non-Obamacare plan, you’ll need a broker.

What is the difference between a health insurance broker and an agent?

The main difference is that an insurance agent represents the health insurance company while a broker represents the purchaser of the health insurance. In simpler terms, a health insurance company typically only represents one health insurance company, where a broker carries plans from multiple health providers.

What is the point of having an insurance broker?

A broker’s primary responsibility is to serve your insurance needs. They will ensure that you have the coverage you need at the best possible rate. They will work with you to answer your questions, make honest recommendations, be your advocate, and to always put your interests first.

Should you buy insurance directly or through an agent?

Just like buying insurance through an agent, there are also pros and cons to buying insurance directly from the company. Buying insurance directly from the company has its benefits. Some of the pros to buying insurance direct are: Buying insurance directly from the company is a fast and easy way to get coverage.

Do you pay less for an insurance policy if you buy direct?

You may pay less for an insurance policy if you buy direct rather than through an agent. This is because the insurance company didn’t have to pay an agent commission on your policy since you bought it on your own.

What are the pros and cons of buying insurance directly?

Some of the pros to buying insurance direct are: Buying insurance directly from the company is a fast and easy way to get coverage. Going direct avoids the back and forth that you have if you go through an agent.

Can I buy multiple insurance products from the same agent?

Some insurance agents also are licensed to sell multiple products. They can be your one stop shop for your insurance needs. Just as many large companies offer bundling services, agents also may be able to help you out with a deal if you buy multiple insurance products from them.