Insurance Alphabet: Letter B

B is for:

“BROKER”

Broker: is one that negotiates insurance contracts on behalf of the insured, therefore representing the client’s interest, not the insurer’s.

Brokers already have established relationships with the companies that they contract with. Because of this, they are able to navigate for the insurance consumer more easily. Areas of advantage:

• Customer Service (changes, enrollment, administration, etc)
• Ability to Expedite Processes (saving the consumer time, and making things more convenient)
• Brokers are “Fluent in Insurance Language” (able to communicate w/ companies efficiently)
• Product Knowledge (knowing the insurance company’s products inside-and-out)

Give yourself the advantage, and put a medical benefits broker to work for yourself or your company today.

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