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Should I use a Health Insurance Broker?

Should I Use A Health Insurance Broker?

What is a Health Insurance Broker?

Health Insurance brokers will search multiple insurance providers to ensure you get the best policy to suit yours or your businesses unique needs.

If you arrange the policy through a health insurance broker, they will understand the medical insurance market and each individual insurance companies own terms and conditions. 

Applying directly via an insurance company will limit the advice you receive as they cannot provide a comparison with any of the other health insurance providers.

How much does a Health Insurance Broker cost?

Using Hooray Health & Protection will not come at any extra cost to you or your business as we charge no fee for the service. 

We will provide a health insurance comparison of the whole market to ensure the best terms but will not charge you any additional fees for our time.

Be wary of any insurance broker that tries to charge you or your business a fee for health insurance advice. 

Business Health Insurance Brokers and Private Health Insurance Brokers are paid commission by the insurer for placing the business, so you should not pay anything extra.

Health Insurance Comparison

When it comes to Business or Personal Health Insurance in the United Kingdom- every insurance provider is different. Pricing will be calculated differently; various support services and niche terms and conditions vary each insurer. 

Whole of market Health Insurance Brokers are not limited to the one insurer, they provide a Health Insurance comparison service and report back their findings.

Hooray Health & Protection undertake an overview of the market, providing details of the best insurance companies quotes and not only establishing the best price but also the right policy suited for you or your businesses unique set-up.

Arranging your policy

When choosing a new Health Insurance policy, you need to consider the added extras and what services can be reduced to keep the costs down, especially if the policy is over your set budget requirements.

Hooray Health & Protection will always provide three quotes when you are first implementing a new personal or group health policy. Once we have completed the fact find and established your needs- we provide a budget, basic and comprehensive quote.

It provides a starting point for discussions and helps us work to your budget whilst ensuring you have the right level of cover in place that you are happy with. 

Health Insurance Renewal

If you apply for Health Insurance directly through an insurance company, each year they will increase the policy at renewal. When using a health insurance broker, they will search the whole market and negotiate the new prices with the existing insurer to keep premium increases to a minimum.

Hooray Health & Protection work with all insurers in the market for Business Health Insurance and Private Health Insurance to ensure you have every option available and take into account any changes made to the insurers proposition since the last renewal.

Advice when making a Health Insurance claim

Even though claiming is a necessity and what you’re taking the policy to cover- you have to remember that when you claim on your personal or business health insurance policies, the premiums are likely going to be increased at the end of the year by the insurer to try and recuperate their losses.

If you appoint a health insurance broker, they will negotiate the premiums with your health insurance company and negotiate with other insurance companies to ensure you or your business does not pay more than you have to.

When dealing with Business Health Insurance and you have other Employee Benefit Insurances in place, it is even more important to ensure you use a broker. 

Employee Benefit Brokers can help advise you which is the right policy to claim on to minimise premium increases. Group Income Protection insurances have early intervention services included which can fund private medical treatment costs to help reduce the time of a claim.

How to find Health Insurance Broker near me?

Hooray Health & Protection complete all our reviews online via WebEx or over the phone, this means you do not have to wait to for a time to come free to book a face to face appointment or pay any fees which are usually included with financial advisers.

If you prefer dealing face to face instead of over the phone- you can visit our offices in Brighton and Hove or to find local brokers in your area the British Insurance Brokers Association lists accredited insurance brokers and what policies they specialise in.

Want to know more?

If you would like to know more, we have provided free guides, advice and more information on our free health insurance comparison services at our Private Health Insurance and Business Health Insurance pages or you can call us on 01273 222805.

Charlie Cousins

Founder and Director of Hooray Health & Protection, Charlie Cousins has enjoyed a career in the insurance and financial services industry spanning over the last ten years.

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