A comparative guide: A Health Insurance Agent vs. A Health Insurance Broker
The primary role of a health insurance agent and broker is to assist an individual and his or her family to choose a health insurance policy that best suits their budget and insurance coverage requirements to save even more on your current health insurance plan for your employees. In order to become a full-service health insurance broker or agent in TX, we at Custom Health Plans provide affordable Texas health insurance solution in Dallas, Denton, Frisco, Grapevine Plano or McKinney for the past 3 decades. There are two vital things that a person needs to know to become a health insurance agent or broker as given below:
- Become licensed- Should have an IRDA license for the sale of health insurance policies and for that the person needs to study for health insurance and pass a state exam.
- Receive proper training- This can be done in any health insurance company that wants that agent or broker to sell their products and services.
More often than not, the word “agent” is used interchangeably with the word “broker” since both are paid by the insurance companies; however there is a slight difference between the two words. The following table given below shows the various differences between health insurance agents and brokers.
|Health Insurance Brokers|
|1. Have a limited number of businesses||1. Brokers have a huge volume|
|2. Service depends upon their level of interaction||2. Service depends on strong|
end-to end with the clients
|3. Don’t specialize in|
the health insurance sector.
|3. Specialized in the health|
|4. Do not have high stakes in|
|4. Have bigger stakes in their|
|5. Offer only health|
insurance policy services.
|5. Also offer check-ups and|
|6. Sell just 1 insurance|
|6. Sells various insurance products|
Besides all such differences, do you have any other comparisons to mention between the two? If yes, comment below. We would love to hear from you and thanks for visiting our website https://www.customhealthplans.com/.