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Health Insurance BrokerWest Palm Beach, FL
No, it does not cost more to work with an agent or broker. Agents and brokers are paid a commission from the insurance carrier.
Real answers for your healthcare questions
Does it cost more to buy health insurance through an agent or broker?
Answer
Consumers often do not pay a separate fee when using a health insurance agent or broker because the professional may be compensated by the insurance company. However, compensation practices vary by product, market, state, and arrangement.
What to Know
The premium for a regulated health plan is generally not simply increased because you used an agent, but you should still ask whether the professional charges any separate service or consulting fee. You should also understand whether compensation differs between the plans being recommended.
What to Do Next
Before working with someone, ask directly how they are paid and whether you will owe any fee. A clear answer helps you understand the relationship and evaluate the advice you receive.
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