An agent, sometimes referred to as a broker is either a business or a person who helps you apply for paying coverage. Their job is to help you enroll in a “Qualified Health Plan” (QHP) through the Marketplace. They can inform you about the different plans and guide you to which plan you should enroll in. They are licensed agents and they are regulated by the states. Typically they will get payments or a commission from health insurers when they enroll a client into an issuer’s plan. Some agents may not be able to sell plans from all issuer’s, therefore it is important to have a general idea of what you are looking for.
Services Provided by Health Insurance Agents
- Assist consumers applying for appropriate health plans
- Assistance in applying for insurance affordability programs
- Assists in applying for premium tax credits and cost sharing reductions
- Educate consumers about the Marketplace during annual enrollment and throughout the year of coverage.
Agents and Health Insurance
The Affordable Care Act has a number of provisions that have reformed the health insurance market. These provisions have put Americans back in charge of their healthcare and health coverage. However there are many options, rules, and regulations as well as deadlines and it is confusing for the average citizen. The health insurance agents are to meet with you, discuss your needs and help you find a plan that will best suit you. Because of requirements standardizing how much health insurance agents can price there products and services, services are more reasonably and fairly priced.