Your health is the most valuable thing you will ever own. You, therefore, need to do whatever it takes to ensure that it is protected. There is no better way to do so than by investing in a good health insurance coverage, which not only provides you financial support but also affects your health positively and gives you peace of mind knowing that everything is covered regardless of what happens. So many individuals do not have health insurance coverage, and that is because they view it as a super expensive…
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Insurance brokers start charging fees to compensate for missing commissions
These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…
Read MoreInsurance brokers feel the struggle in online health plan enrollment process
Bulky, clunky systems online have made it challenging to complete smooth signups. While insurance brokers are supposed to be acting as “middlemen” in the enrollment process as Americans sign up for health plans to comply with the Affordable Care Act, these professionals are finding themselves struggling just as much as everyone else when trying to battle with certain clunky parts of the online system. These professionals are finding that they must still refer customers to HealthCare.gov to verify subsidy eligibility. While working to assist customers in being able to determine…
Read MoreHow to Find Affordable Family Health Insurance
Article brought to you by affordable family health insurance company Freedom Health Insurance Your family is your number one priority. Their health, happiness, and longevity are imperative and you will do whatever you can to protect them and keep them safe. To do this, finding a health insurance company that you trust and believe in – health insurance that gives you peace of mind – is a top priority. Whether you’re looking for private healthcare, government-assisted healthcare, or healthcare through your job, there are many options out there that can…
Read MoreHow to find individual health insurance by yourself
When your health insurance is sponsored by your employer, it is easy enough to know which policy to choose because it has typically been selected for you, but when you are unemployed, self-employed, or employed by a company that doesn’t offer this medical benefits, then it is up to you to find your own coverage. Use the following tips to help you locate the right policy and price to fit your needs: • Healthcare.gov – this federal government site provides a number of questions that you can answer in order…
Read MoreDepartment of Health and Human Services says that health insurance rates are too high in nine states
The Department of Health and Human Services (HHS) has announced that health insurance rates in nine states are far too high to be reasonable. HHS Secretary Kathleen Sebelius has determined that these rates are excessive under the authority granted to the agency by the Affordable Care Act. The law gives federal and state insurance regulators the authority to review health insurance rate increases of 10% or higher and determine whether they are necessary. The insurance companies in these nine states will be requires to justify their rates or make changes…
Read MoreInsurance brokers’ role in new health care system is still unclear
With health care reform on the horizon, the role of the insurance broker is likely to change along with the shifting environment of the health system. Federally mandated health insurance exchanges are going to play a bigger part in people’s search for coverage. The exchanges will, essentially, give consumers the ability to find their own health care policies and purchase these policies electronically. While this will be a popular trend amongst the average consumer, it may also be one that health care professional’s follow, which puts brokers and agents on…
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