Can I purchase health insurance for less if I work directly with an insurance company?
No. Health Insurance policies and premiums are strictly regulated by the state. Health insurance will cost the same whether you use an independent health insurance agent or work directly with an insurance company.
Do I have to pay an extra fee as a commission to an independent health insurance agent?
No. An independent agent is paid a commission by the health insurance company. No extra fees are added to the health insurance premium.
What is the difference between a Group Policy and an Individual Policy?
A group policy is typically an employer sponsored health insurance policy where employees of the company are covered under a common group policy paid for by the common employer. An individual policy is a policy that is not a part of a group. The individual policy can be for one person or an entire family.
What Every Texan Should Know About Health Insurance
The type of health insurance familiar to most consumers is group coverage offered by an employer. With group health insurance through your employer the policy is partially paid for by the company on behalf of their employees. The company will contribute a large percentage toward the monthly premium and you (the employee) will be responsible for paying the difference. Frequently employers have a waiting period before new employees can qualify to receive health insurance benefits. If this is the case with your new job, consider getting a short-term policy from the point where your previous coverage ends to the time when your new company’s insurance kicks in. Such options are available through many different insurance companies and Health Plan Finders can help find a good Short-Term policy for you to consider. |
