Insurance For Everyone

By Roberto Garabell

 As an independent health insurance broker, you have the ability to work with a number of insurance companies. You aren't a captive agent, stuck with one company; you're independent. Both you and your client benefit from this. You aren't forced to suggest a more expensive insurance product because that's what your company sells. You can be upfront and transparent, and have happy customers while you're at it.


With the help of the Internet, you have a definite chance of never making a cold call, which makes being an independent health insurance broker that much easier. However, no matter how technologically savvy you are, there are still some basic industry terms you'll need to know and understand before you ever open your doors. Here are just a few:

Coinsurance - Co-insurance is shared medical costs between your client and the insurance company after a deductible is met. A typical co-insurance policy provides a percentage amount that the client pays.

For example, the policy may have a set $2,000 deductible. Once this amount has been paid by the client, a co-insurance payment of

Read more: Terms You Need to Know As An Independent Health Insurance Broker