What do health insurance agents do? Health insurance agents are responsible for finding customers and selling them health insurance plans. Health insurance brokers help consumers buy coverage from health insurance companies. Brokers can help you better understand your options and provide guidance on health insurance, including the types of plans available to you. Health insurance companies, not consumers, pay a commission to brokers authorized by states. In general, becoming a successful insurance agent requires a combination of education, licensing, ongoing training, networking, and dedication to being there for your customers when they need it most.
State government agencies that regulate insurance have different names, so a good way to find out the name of the state insurance entity is to visit the state's official website and look for the rules for licensing insurance. Becoming an insurance agent offers significant opportunities for growth and can be a great option to start your career or make a significant change. On the other hand, if you want to limit out-of-pocket expenses and have the means to pay higher premiums, a health insurance broker may recommend a plan with higher premiums and a lower deductible. For each affiliate that the agent has with a given insurance company, the insurer will pay a commission to the agent. An agent is an insurance professional who represents one or more health insurance companies and presents their products to consumers.
Other ways to find a broker are to contact the National Association of Health Insurers or talk to trusted sources, such as friends, family, or others who may have experience with health insurance brokers. You can be an independent agent, allowing you to represent several insurance companies, or you can be a captive agent who works exclusively for one insurance company. Health insurance brokers can help you find a health insurance plan if you're confused about the buying process or if you need help finding the plan that's right for you. Most state insurance websites are very useful and often contain manuals that you can download and read to get all the information you need to become an insurance agent in that state.
So, it's time to go out, get the insurance agent training required by the state and agency of your choice, take the exam and pass it. Becoming a licensed insurance agent means that you have met the requirements to sell insurance legally and ethically. Customers don't pay insurance agents directly, but instead earn commissions for policies they sell at an insurance company. Disability insurance agents help individuals and businesses with plans that provide income.
Brokers can help you buy a plan on the Affordable Care Act (ACA) marketplace or buy health coverage directly from a health insurance company. Therefore, the amount an insurer charges for an individual or small group policy will not vary depending on whether an agent helps with enrollment. Property and accident insurance agents sell products that protect against damage or loss to property, such as your car, home, or business.
