As a small business or start-up, you could consider buying your company’s health insurance. Or you’re a significant, more established small company that has purchased its plan directly from the same health insurance company for years. You may accept the programs your insurance carrier offers and any price increases because you think you don’t have a choice. However, you can have various plan designs and flexibility for your growing workforce. All you must do is collaborate with a health insurance broker.
Insurance Broker vs. Sales Agent
There’s a difference between working with a health insurance broker and purchasing health insurance directly from a sales agent. While both professionals are experts in employee benefits, a sales agent represents only one insurance company, and a broker is an independent third party. This indicates they are separate from any particular health solution and concentrate on soliciting quotes and reviewing offers. They also analyze a mix of insurance companies to assist you in finding the best product, pricing, and value for your company.
At The MWE Partnership, our team members come from successful insurance backgrounds and have solid relationships with insurance carriers to provide you with the best possible product to meet your needs. Call us directly at 410-394-9617.
Pros of Working with a Broker to Buy Private Group Health Insurance
The best way to navigate the ins and outs of the complex health insurance market is to collaborate with a broker. They can assist you in exploring broad health solutions that would otherwise be ineffective to find on your own. Also, they serve as a key for connecting you with other benefits experts, electronic enrollment systems, and much more. If you have a small business, you compete with massive employers for talent.
Fortunately, a health insurance broker has market insights regarding the larger employers in your local area regarding plan designs. They aim to help you view and take advantage of new options to design an affordable, competitive benefits package.
Searching for a Health Insurance Broker
When seeking the right health insurance broker in your area, receive recommendations from your trusted advisors – another business owner or attorney. In addition, there are associations in your area focused on small-business health insurance. For assistance finding an independent and licensed agent in your area, reach out directly to us!
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on Twitter and LinkedIn for the latest voluntary benefit news!