Why You Need An Insurance Agency For The Health Plan Marketplace in New Jersey:

 The relationship between insurance providers and buyers has changed drastically over the years. Big insurance providers spend millions of dollars on advertising and marketing their low-cost policy to entice customers to buy them. But is it a wise move? And how can insurance agencies benefit you by acting as an intermediary between healthcare solutions and health insurance buyers?

Ways you can buy insurance

There are three ways you can buy insurance:

·         Direct Writer

Here, you deal directly with big insurance providers. You can buy their insurance through different channels, such as their website or on a call with them. Since they have a massive operation, they are able to provide you with cheap rates. Though with cheap rates, there are always some compromises involved. Something crucial to you might not be included in the plan, and you may end up buying it. Down the road, you may realize that it was not the best decision on your part. It also requires you to have complete knowledge about insurances and your skill to differentiate and judge plans at your discretion. Go through the New Jersey health plan marketplace, and you will be astonished at the varying healthcare plans that are available for you.

·         Captive agencies

These companies represent any one insurance provider. Though they provide you with counsel by experienced and licensed personnel, due to their one company representation model, if you don't like their coverage or rate options, they cannot provide you with other options.

·         Insurance agencies

These companies provide you with counsel from licensed experts, and since they represent numerous insurance companies, they also provide you with options. So you can discuss with them, share your financial conditions, your goals, and what you would like to be included in your healthcare plan. They can then provide you with options and help you choose the most suitable and helpful one.

Why consider using insurance agencies?

There are several reasons for you to do so, like:

·         Buying insurance can be very complicated

Health insurance is very complex stuff. You have to give your attention to so many things, like premiums, liabilities, etc. Though as easy as insurance providers say buying insurance is, it is not. You cannot simply buy the cheapest plan without going through the details. You may not only end up losing your money but also jeopardize your finances. People who don't have enough knowledge about the functioning of insurance or the time to analyze the plan's details thoroughly put themselves in a position for a loss. Also, there are so many companies providing different plans, even an experienced person might feel overwhelmed. You may find countless plans, all equal in value, in the New Jersey health plan marketplace. This makes the process of choosing the right plan further complicated.

Insurance agencies have a team of experts with years of experience to help you find the plan that suits and benefits you the most. They can provide counsel and help protect you, your family, and your assets in the best possible way.

·         You need someone to look out for your interests

Like you need a lawyer who will look for your betterment in disputes, you need an agent who will help you when there arises any dispute between you and your insurance provider regarding a claim, coverage, or billing issues. It also helps you feel safe psychologically knowing that you have a dedicated person out there looking out for your interests.

·         You need personal service

When you buy directly from big insurance providers, you know that you are not their sole customer or even one of few. They have hundreds of thousands of customers, which renders them unable to provide personal service to their customers. Thus if you ever want to discuss any issues with your policy, you will have to wait in a long line of callers to talk to a company representative.

When you buy using insurance agencies, you have a dedicated agent with whom you can have an open discussion about the health plan, coverages, etc. It also makes it easier for you to get in touch with them regarding any concerns you might have.

So we see why having insurance agencies act as an intermediary between healthcare solutions and health insurance buyers can be very beneficial. Next time you need help buying the best plan in the New Jersey health plan marketplace, make sure to contact a good insurance agency.