Which should I consider: third-party insurance or direct company
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I am buying health insurance for me and my family. Should I consider a third-party insurance provider like Policygenius or Healthmarket, or should I directly buy it from the company like Blue Cross Blue Shield or Aetna?
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Of course! You can buy insurance directly from Blue Cross Blue Shield or Aetna or through a third-party provider like Policygenius or HealthMarkets. Each one has provided its own advantages and disadvantages.
If you are buying directly from an insurance company:
- Streamlined customer service and claims filing.
- You have access to exclusive plans.
- This is ideal if you have a preferred insurer or provider network.
- It allows for independent plan comparison.
If you are using a third-party marketplace:
- Convenience: Compare plans from multiple insurers in one place.
- Expert Guidance: Receive advice on finding the best plan for your needs.
- Cost Comparisons: Easily compare costs and coverage options.
- Free to use: Typically free for consumers, brokers are compensated by insurers.
- Assistance with Plan Understanding: Help understanding deductibles, co-pays, network coverage, and subsidies.
Which one to choose totally depends on you. If you want expert advice and ease of use, choose the third-party broker. For direct control and interaction, it's advisable to buy directly.