Why do I need a Health Insurance Broker?

Why do I need an Insurance Broker?

Why is it important to choose a health insurance broker? Why not work directly with the insurance company? These are questions that you may be asking too! If you live in Colorado go to www.PeakInsuranceBroker.com

 

Why is it important to choose an insurance broker?

A health insurance broker (technically referred to in the state of Colorado as an independent health insurance agent) is an agent that can work with many different insurance companies simultaneously.

Many agents are captive agents; meaning that they can only represent one insurance company and would be outside the bounds of their contract to even be licensed with another insurance company.  A captive agent will struggle to meet the needs of their clients because their options are obviously quite limited. A CO health insurance broker (independent agent) such  as the representatives of Peak Insurance Broker.com, can shop their client's case to multiple insurance companies and help their clients compare offers and plans from many different insurance companies.

Why not work directly with the insurance company?

In the state of Colorado the Department of Regulatory Agencies Colorado Division of Insurance regulates the insurance premiums. There are laws in place to make sure that the consumer will get the exact same price for insurance whether they use a broker/agent or go directly to the company. The insurance companies set the rates and the rates are regulated so as to make sure they are the same no matter where the consumer purchases the policy. There is no such as thing as “getting a better deal”, obtaining a “discount”, or “price haggling” from one specific agent.

An advantage to working with a broker versus purchasing directly from the insurance company is that the broker can help you compare plans from multiple companies side by side on an ongoing basis. A broker can also give you a degree of personal time and attention that a call center certainly cannot offer.

What should you look for in a health insurance broker anyway?

Your broker should take the time to understand your personal situation, your financial objectives, and your preferences for coverage. Your broker should be available to assist you over the phone when you need help. Your broker should give you guidance as to the pros and cons of the different health insurance companies in Colorado (they should be able to give you good objective advice and many times they should be able to tell you things about different companies that would not be able to be published online). Your broker should be honest and helpful.

So what are you waiting for contact www.PeakInsuranceBroker.com today!