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Benefits of Being a Health Insurance Broker in Rockford IL

by | Mar 18, 2020 | Blog, Health Insurance Broker in Rockford IL

Health insurance is a very big part of a company’s expenses, usually after salaries, and the implementation of the Affordable Care Act, or ACA may only confuse matters. With many businesses being forced to provide health care coverage to their employees, it is important to find ways to control these costs.

 

Provision of Coverage

Many CFOs and CEOs rely on their company’s health insurance broker in Rockford IL to provide them with the best coverage to meet their legal obligations while minimizing health care costs for the company. Many people use the terms broker and agent interchangeably. Yet, the two are quite different. Both serve as middlemen between the health insurance company and the individual. They are legally obligated to help you find the best health insurance Canada provides. The plans should meet your needs without you having to break the bank.

Insurance agents represent the interests of the insurance company. They are an extension of the insurer and receive compensation from the company in the form of a commission or in other instances, a salary. They offer health insurance quotes based on those provided by the company. A broker represents the individual purchasing the plan.

They are not allied to any company. As a result, they provide you with an array of options from many health insurance broker in Rockford IL. They also receive commissions just like agents do but don’t have a contract with the companies. They are well-versed in the health insurance market and understand health insurance law. They act as your personal counsel on all insurance-related matters to ensure that you and your loved ones are protected. They not only provide you with expert and unbiased advice but look out for your best interest as well. This is unlike other providers whose sole focus is to get you to buy a policy from them.

 

Methods in buying health insurance

There are many methods you can use to buy health insurance. All are perfectly legitimate, but using an insurance broker’s expertise works in your favor to help you make well-informed decisions since they work for you and not the insurance company.

A health insurance broker in Rockford IL has access to a myriad of top-notch insurers, some of whom don’t even sell their healthcare plans directly to the public. Once they do a proper assessment of what your specific health needs are, they embark on finding the best coverage at the most competitive price in the market. Independent health insurance brokers are licensed professionals. Using their industry experience and unbiased judgment they can make recommendations that serve your interests. They have the added advantage of providing a human connection, unlike the experience you get when dealing with large corporate machines. They offer flexibility in their communication channels to ensure it fits into your lifestyle. Whether you’d prefer meeting face to face, email back and forth, or, having a telephone conversation, they can pretty much match your expectations.

Human Resources & Benefits Consultant in Rockford, IL

2HB Human Resources & Benefits Solutions is a full-service human resource outsourcing company dedicated to providing customized HR solutions to our clients. We specialize in providing clients with the resources to help them better manage their HR function.

To learn more about how we can help you in each of the following areas, click on any link below for more details:

 

benefits consultant in Rockford

Whether you are a start-up company or an established organization we can tailor our services to your specific requirements, get to know your employees, and become an integral part of your team!