What Does a Broker Do?
A medical insurance broker operates as an intermediary between you (an employer) and insurance carriers. Brokers help you find a policy that best suits your needs for an affordable price, though you do have to pay a broker fee for their services. A broker is a good route for small businesses that have more complex insurance needs.
Unlike an insurance agent, who works for an insurance company, a broker works for you. They can represent more than one health insurance company and offer insight into associated pros, cons, and costs. With an experienced broker, they can help you learn more about particular insurance types and what best suits your needs. Plus, they’re often able to get better rates on insurance policies through their connections and agreements with insurance companies.
What Steps Can You Take Without Talking to a Broker?
Despite the benefits of using a broker for group medical insurance, waiting to talk through your insurance with them and depending on a third party can sometimes be onerous. There’s always the option to go straight to the insurance companies yourself, but this approach means you won’t be able to easily compare prices and policies. Another route is an insurance agent, but, again, they are sometimes loyal to certain companies and won’t necessarily be looking out for your personal best interest. If only there was another option—oh wait, there is! Enter MonsterQuoter.
How Can MonsterQuoter Help?
At MonsterQuoter, our online quote tool helps you compare rates on your own. One of the biggest advantages of using a broker is that they’ll (in a perfect world) give you unbiased information. MonsterQuoter does the same, but with a much faster, more reliable process.
Once you fill out our simple online form that gathers information about your business size and what you’re looking for, you’ll see a breadth of plan options that allow you to pick the best one for your business and save. Even if you decide to talk to a broker later on, you’ll be better equipped with information and less likely to be talked into a plan that pays the broker a higher fee. Or, you can go straight to the insurance company after shopping around with ease on your own terms.
MonsterQuoter gives you the transparency your broker might not, and we’ll save you time. Once you use our tool and see rates for yourself, you’ll be able to make informed decisions about your group health insurance and save money. You’ve got a lot on your plate, and we get that. Try MonsterQuoter now to view rates quickly (and maybe you’ll even have time to take a lunch break today).
