Affordable Texas health insurance
Health Insurance Agent
Why use a Texas broker?
Why a Consumer Should Rely On a
Health Insurance Broker
The Internet has provided today's consumer with a wealth of
health insurance information. With a click of a computer mouse
the consumer has access to multiple insurance carriers, plan
specifications, benefits, premiums and the online application
process. Since all of this valuable information is immediately
accessible by the consumer, what is the benefit of the services
provided by a broker? Plenty, and the key word is service.
No Additional Cost
First, the service of a broker has no direct effect on the cost
to the consumer. The consumer receives the services of a
broker, and the carrier compensates the broker for providing the
service for the policies that are approved and are in force by that
carrier. It is important to understand that the premium paid
by the consumer is the same whether a broker is used or not - there
is no financial benefit in terms of a lower premium if a consumer
does not use a broker.
Access To A Consultant
The value of the broker in today's information-driven environment
is to make sense of the information and to help the consumer apply
the information to his or her particular situation. Health
insurance is a very technical field which includes terminology that
is foreign to many consumers. The broker helps explain terms
such as deductible, coinsurance, copay, drug tiers, preexisting
conditions, C.O.B.R.A. and creditable coverage and how these terms
affect the consumer's health insurance options. Although a
vast amount of information is available online, the broker helps
make sense of what the information means and how it applies to
As with other important decisions in our lives, we rely on
consultants to guide us in making the most beneficial decision.
Whether the decision involves legal issues, accounting, career,
architecture, construction or investing we rely on the advice and
counsel of professionals such as lawyers, accountants, architects
and financial advisors. Health insurance is no different.
The consumer needs the knowledge and experience of a health
insurance broker to assist with plan selection based on a number of
criteria including premium budget, benefit requirements, carrier
suitability, underwriting tolerance and carrier network access.
All these factors and more go into the decision of which carrier and
which plan is most suitable for the needs of the consumer. The
broker's role is to consult and guide consumers in making the best
decision relative to his or her needs and situation.
The service of a broker can be extremely beneficial after the
application is submitted. A full service broker maintains
communications with the carrier to monitor the status of an
application and reports to the applicant the progress of the
application as it moves through the underwriting process. The
full service broker serves as an active participant in the
underwriting process to ensure that information is being shared
between the applicant and the carrier in a timely manner so that an
underwriting decision can be achieved in the shortest time possible.
A broker continues to provide service after an application has
been approved. In the short term after an application has been
approved, the full service broker confirms that the coverage is
established correctly with the carrier, confirms that enrollment
documents and identification cards are received, facilitates the
submission of any prior coverage documents, and explains any
modifications to coverage such as riders or waivers. Long-term
assistance includes the replacement of identification cards, address
changes, coverage changes and coverage options.
Brokers function strictly to service the health insurance needs
of their clients. Brokers succeed by providing exceptional
service during the evaluation, application, enrollment and coverage
stages of a policy. If they are not active and successful at
providing service to their clients, their lackluster performance
will be reflected in poor growth and low retention of existing
clients. Health insurance consumers can take advantage of the
wide array of services provided by Stateside Insurance Services.
Not only is the service provided at no additional cost, but also the
consultation will most likely result in cost savings and better