For very few, the world of health insurance is a simple one to navigate. For the rest of us, it's a business of confusing policies, rules, types of coverage, timelines and cost. Here at Insurdinary, we aim to simplify that process; both through understanding how it all works and most importantly, through providing the top notch service one should expect from their insurance expert. Deciding whether or not to use an insurance agent or broker? This article can help you decide.
Do You Need An Insurance Agent to Find the Right Health Plan?
It's true to say that not all people know what a good health policy entails. So, is it necessary to use a health insurance agent? Read on to learn more.
According to the Canadian Life and Health Insurance Association, as of 2016, over 25 million Canadians have extended health care coverage. As of March 2022, 26 million Canadians have invested in private health care.
Although this is a fantastic number, there are still many Canadians who are yet to choose the right health insurance plan for themselves. Finding the right health insurance plan doesn't have to be difficult. With the assistance of the right health insurance agent, you can rest assured you will wind up with a plan that suits your needs perfectly.
How can an agent help?
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1. They Are Professionals That Help You Make Sense of Health Insurance
Health Insurances Agents aren't just middlemen who want to get you a plan as soon as possible.
They have spent many years studying insurance and are required to update their knowledge and licenses on a yearly basis. They are well versed in the terminology and policies surrounding each plan.
When it comes to helping you, they can not only read the fine print but also they can explain each and every aspect of it to you. This means you don't have to worry about trying to wrap your head around understanding insurance terms and conditions.
2. They Find The Right Insurance Plan for You
One great benefit of using a health insurance agent is that, unlike an online automated help service or a website, they are an actual person.
This means that they will spend large amounts of time getting to know you and your family so they can find the perfect health plan for you. They will show you the options and outline the pros and cons of each one. While walking you through it, they will allow you to make the final decision.
You may be tempted to think that you can easily find a plan for yourself online. However, when it comes to choosing the correct plan, it's actually quite a complex and tricky choice.
An agent can make sure you select the perfect plan, that covers areas that are most important to you.
3. They Enroll You in A Plan
Along with assisting you in finding the perfect plan, they will even help you to enroll in your new plan. They will ensure it all goes through properly so you don't have to worry about dealing with it yourself.
4. They Serve You Year Round
Even after they've enrolled you in a plan, your health insurance agent won't just leave you in the dust.
If you ever decide to change or upgrade your plan each year, they are more than willing to assist you with that. And there is more that these health insurance agents can offer.
They can even serve as an advocate for you when it comes to handling your insurance company. If you ever have any questions or concerns about your coverage or how medical claims are processed, your agent can help you find the answers.
5. They Know The Law
Health insurance has a lot of laws around it. These laws can change how health insurance is handled and how it affects you. Worse still, for you, some of this legislation can be hard to wrap your head around.
Luckily, as part of their training, your friendly health insurance agent has a great understanding of these laws.
Not only that, they also keep up with health insurance changes at both a state and federal level.
6. Their Services Are Free
The best part of using a health insurance agent to assist you in finding the RIGHT PLAN is that their services are practically for FREE.
You don't have to pay them as they make their money through commissions which is part of your health insurance plan.
In fact, according to the industry, for every plan they sell, most of these agents make a commission that amounts to anywhere between 40 to 100 percent of the first year premium. They also make additional salaries based on plan renewals too.
Because of this, you can be sure that your agent is going to do everything they can to make sure you are satisfied with your health care plan. After all, your happiness will determine whether they get a commission or not.
7. They Can Get You Exclusive Discounts and Bonuses
Along with not costing you any extra fees, agents that represent a carrier can also offer you bonuses that you cannot get anywhere else. These discounts could include lower rates and easier plan changes.
If you were to try and attempt to sort out your insurance yourself, you would not have access to any of this.
8. They Work for You and Only You
Some people might be hesitant in using a health insurance agent because they think they're only working for an insurance company.
However, most insurance agents are actually independent contractors.
This means they aren't working for any insurance group. Why do they operate independently?
They know that the better service they give to you, the more likely you are to use them again. So they will always ensure that you are happy with whatever plan you choose.
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9. A Health Insurance Agent will Help You in Finding The Best Health Plan
If you want to get health coverage that suits you and your needs, you're better off getting a Professional Agent to assist you. Not only will they help you find the right plan, they'll stick with you and any changes you make in the future.
Navigating the world of health insurance is tricky. With thousands of plans on the Canadian market belonging to hundreds of companies, and fancy plan names, an agent is your way through it. They are familiar with the finer details of each plan, their costs and the types of people each would be suited to. An agent can and will save you hours and possibly even days of sifting through the options. Have more questions not answered here? Let us know. We look forward to being able to assist you.