There are many services and products in business where you can save money. Finding a lower priced supplier, negotiating a better deal and doing the work yourself are all tried and true ways of lowering costs. Things are a little different with small group health insurance. Since all plans are filed with the State of NY, the price does not vary from broker to broker. In fact, using a health insurance broker Long Island will cost the same as going to the company directly. Here is why you should use an insurance broker when you shop for your next group health insurance plan.
Expert Advice and Guidance
It has become very clear to me over the past 29 years as a Health Insurance Broker Long Island, NYC and NY how important the advice and guidance of a broker is to a business owner and their employees looking for group health insurance. And it’s not just me noticing this. According to an article on CNBC regarding those choosing a health plan-
– Many make poor financial choices with health plans, costing them $$$
– Financially savvy are not immune
– Consumers research car, electronics more than health insurance
A health insurance broker, and especially Registered Health Underwriters, have extensive training in group health insurance plans and options. Spending years working with insurance companies and employers alike gives them the experience and insights few employers can get on their own or by searching online. A broker also understands plan details and benefits better than an employee, so they are prepared to assist employees in finding a plan that best matches their needs.
As an example, we have employees call us up asking for help lowering premiums. They ask about ‘the best plan’ but, the best doesn’t always mean the most expensive. A broker can go thru options to see if there might be a lower cost plan that meets their needs.
We also have companies that call up saying they chose a plan for their company directly, only to find out their own or their employee’s doctors do not participate in the plan. There are simple checks a health insurance broker Long Island would do as one of the first steps in the plan selection process.
A New York Health Insurance Broker will not only assist in narrowing down plan choices, search doctor networks and help to explain the differences between carriers and plans, they are a sounding board for ideas and questions that no other person or company is better suited to answer.
The best part is a NY health insurance broker is free for you to use. You do not pay more for your plan when you use a broker, and you do not get any discount for not using one. I question why anyone would venture to tackle the complex task of reviewing and choosing a health insurance plan on their own when for free they can leverage the experience and knowledge of a seasoned health insurance broker. You have nothing to lose, and everything to gain!
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