Tuesday, March 15, 2011

If I want to change my health insurance, should do it myself or use an agent?

Does it cost extra in the long run to use an agent to switch health insurance companies, or does the agent just get paid by the company they are working for?
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It doesn't cost extra to use an agent. You can't "switch" companies - you have to REAPPLY, and requalify. The big bonus - an agent will know which companies are most competitive in YOUR area, and can help explain coverages to you. Unless you are really, really good at reading coverage descriptions, you'll want that help. The agent gets paid a commission for selling a policy. There's no extra fee tacked to that policy to pay them.
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