FOR ALL STATES Health Insurance Brokers

Health Insurance Agents

There are no lower quotes available from health insurance agents for any of these health insurance plans. It is not cheaper to apply with an employee of the health insurance company or with any other health insurance agent/broker. The premium to be paid is determined by each health insurance company and it decides the final rate after reviewing (underwriting) the application.

Each quote from health insurance agents is set by the respective health insurance company alone, not any insurance agent. No health insurance agent can adjust the underwriting and consequent final rate that the applicant is charged.

Each health insurance company pays a commission set by the health insurer for producing successful applications. Health insurance agents can at best make an educated guess at what the underwriting result will be and quote rates accordingly.

The health insurance company quotes we provide and the final rates offered to applicants for this health insurance cannot be lower because the underwriting book of each company decides the outcome, not health insurance agents.

What are Health Insurance Agents?

Middleman, not

Some people assume that an insurance agent or broker is a middleman who may charge a fee or add something on top of what the insurance company charges. That is completely wrong. Typical health insurance agents are paid a commission for producing a successful application if the premium is paid by the policyholder. Except for consulting fees, e.g., charged to corporate clients in some commercial areas of insurance, agents/brokers do not charge fees.

Agent, Broker, and Producer

Affordable Health Insurance Agents

For the buyer of health insurance, there is no practical difference between health insurance agents and health insurance brokers. In many states there is now only one license, that of "insurance producer" because the function of the licensee is to produce applications for insurance companies. They may be called agents or brokers, depending on personal preference, but they are all producers. The words are printed on some licenses just this way - "Insurance Producer License". Some laggard states may still have both agent and broker licenses, but that makes no significant difference when buying health insurance from independent licensees.

Insurance is about the insurance company, not about any insurance producer. The insurance company has the gold and it makes the rules. It designs its own insurance products, prices its own products, and controls how it will market its own products. It creates the occupation of producer because most insurance companies have found that it is cheaper to pay independent contractors a commission only if they produce rather than pay salaries to employees and hope that they will produce.

Insurance Agents and Dealing Direct

The assumption that there is an advantage to "dealing direct" with the insurance company instead of "through" an agent is mistaken. When a policy is applied for using the services of a health insurance agent, that is dealing direct! Working with employees costing the insurer a salary is no more dealing direct than working with agents who is paid on commission. Either way, you are buying direct from the insurance company. The producer has no insurance to sell or resell. Only the company has a product to sell. The producer can only tell you about the insurance and hope that you will give him/her the application instead of to someone else.

Producers decide nothing about what the premium for the policy should be. So searching to get the same insurance company product cheaper from one agent than another is a total waste of time. The insurance company sets the premium for the assigned rate class that the applicant is given by the insurer, period. The insurance company sets the commission, period. The producer's opinion is irrelevant. The producer negotiates nothing. The producer produces applications. If there is some obscure insurance company somewhere that operates differently, it is an unusual exception.

Why use Insurance Agents?

insurancebrochure Health Insurance Agents

Most health insurance companies use independent producers to bring in most of the applications. Our online data base quoting systems have rates for the largest possible selection of insurance companies. You can get quotes and remain anonymous until you decide you want to apply.

Independent health insurance agents can help the health insurance buyer significantly because they can deal with just about any insurance company that uses independent producers.

Health Insurance Quotes