How Do Health Insurance Brokers Get Paid?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

How Do Health Insurance Brokers Get Paid?

Insurance brokers get paid by commission from insurance companies.

Example of Health Insurance Broker Payment:

  1. Client Selection: A client chooses a health insurance plan through a broker.
  2. Broker’s Role: The broker facilitates the selection and signing up process.
  3. Insurance Company’s Involvement: Upon successful enrollment, the insurance company is notified.
  4. Commission Payment: The insurance company then pays the broker a commission.

Conclusion

Health insurance brokers earn through commissions paid by insurance companies after successful client enrollments. This system aligns the broker’s interests with the client’s needs, ensuring clients receive appropriate plan recommendations. For detailed insights on choosing the right health insurance plan with a broker, contact us today for a free quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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