Why You Should Hire an Insurance Broker

By hrlineup | 27.01.2021

If you are new to the insurance world, or you are a small business, consider working with a health insurance broker. Many employees have admitted that small business health insurance brokers help make the process less intimidating and more impactful.

According to a study conducted in 2016, 57% of small businesses use health insurance brokers to help their employees. Currently, more and more employees are subscribing to the same line of thought. But f you are yet to make that leap of faith, below are some reasons why you should work with a business health insurance broker.

1.    They Explain the Insurance Jargon

Contrary to popular belief, there’s a big difference between health benefits brokers and insurance agents. Insurance agents are affiliated with specific companies that have them on salaries while brokers work with lots of companies.

As a result, they have in-depth knowledge of the insurance industry and can translate policy jargon to help you make an informed decision. As a business, you can use their bird’s eye view to your advantage.

2.    Learning Each Other

Don’t be shocked when you end up being close friends with the health benefits broker. It is the job of the health insurance professional for small businesses to get to know you. They learn your pain points and unique situation before they suggest and recommend health policies. This is completely different from the questions insurance agents ask before selling you’re their policy.

And given that insurance health brokers have a strong grasp of the insurance industry, they understand the core of every policy and how effective they would be for your business.

3.    Insurance Claims are a Breeze

In all honesty, filing insurance claims is not an easy process. Heck, it’s one of the most dreaded moments by small businesses and employees alike. The process is made worse because it’s often you against a team of insurance agents.

But with a business health insurance broker, you have an advocate. Remember, insurance brokers, aren’t affiliated with one company and have deep knowledge of the industry. These qualities come in handy when making a claim. Even better, working with a health insurance broker means you have someone to guide you through the claim process.

4.    They Have Your Best Interest at Heart

The fact that they are businesses in their own right means they have a reputation to protect. Therefore, is anything goes wrong, they feel obliged to help fix it. On the flip side, they make it their job to get the best insurance for you and to ensure you are satisfied with the policy.

You can think of brokers like an insurance for your insurance policy. The fact that they have more to lose than the insurance company has them working overtime to keep you happy.

5.    Cost-Effective

Hiring a health insurance broker doesn’t mean you pay more for the insurance policy. The policy price remains the same and the broker can help you find policies you’d not thought of. To top it all off, brokers have access to better pricing which can save you money in the long run.


Working with a health insurance broker isn’t something for big companies only. On the contrary, it benefits small businesses and individuals as well. You can outsource the insurance policy troubles to an expert and never worry about cost or quality.