What is an Insurance Broker and Why Would I Use One?
July 27, 2023 | Tom Peterson
What is an Insurance Broker?
An insurance broker is a licensed insurance agent that represents multiple insurance companies and matches you with an insurance policy that fits your lifestyle needs. An insurance broker will work with you to determine suitable coverage options that best fit your budget and make impartial recommendations. They will also explain parts of your policy or take note of things that you may not have considered. Some brokers also specialize in certain products or types of insurance and may even provide additional services. At Twin City Underwriters, our insurance brokers specialize in Medicare Advantage Plans and Supplement Plans and we offer additional services, like free Medicare workshops in and around Minnesota.
Related Read: How to Find a Medicare Insurance Broker in Minneapolis
Why Would I Use an Insurance Broker?
Insurance policies can be confusing and intimidating if you try to figure them out on your own! Insurance brokers are there to help you choose an insurance plan, review insurance plan details and coverage, and help you with signing up for an insurance plan. At Twin City Underwriters, you can meet one-on-one with one of our insurance brokers and our broker can make insurance plan recommendations and can help you sign up for an insurance plan!
The SurePlan® Medicare System Makes Medicare Decisions Easy
Is it Expensive to Use an Insurance Broker?
The good news is that using an insurance broker can help you save money. In many cases, using an insurance broker will cost less in the long run because brokers are well-versed in the world of insurance and can find and negotiate competitively priced insurance policies for you. Some insurance brokers may charge a fee for their services; at Twin City Underwriters, there is never a fee for our consultations or ongoing support. An insurance broker is there for you to act on your behalf and find an insurance plan that is the best option for your situation.
How to Choose a Medicare Insurance Broker
How Can the Insurance Brokers at Twin City Underwriters Help Me?
Our insurance brokers at Twin City Underwriters devote themselves to helping clients navigate the complex landscape of Medicare health coverage. Our insurance brokers find the insurance plan that best suits you, can assist you in signing up for a plan, and can meet with you for annual reviews to discuss how your plan is working. When we are looking for a plan that would best fit your specific needs, our brokers can identify the factors (like location, travel plans, provider network, and medications) that makes one plan a better fit than another plan.
Do you need help signing up for an insurance plan? Would you like to switch to a new insurance plan? Schedule a one-on-one meeting with one of our insurance brokers to get your insurance questions answered!
This is an updated blog post that was originally published in 2019.
Choosing a Medicare plan can be difficult. Twin City Underwriters helps Medicare recipients in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa and Florida find the Medicare plan that meets their unique needs.
Do you need help with Medicare, insurance and health plans? Explore your options with Allina Health Aetna, Blue Cross/Blue Shield of Minnesota, Medica and UCare. We work with you to find the best plan for your needs and budget. Contact us today to get started.
