أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
I agree with the answer and points which very clearly explained and raised by Mr. Ameer Alqallaf and would like to add this is applicable to all classes of insurance and not only health plan insurance or medical insurance and the emerging facts in this respect is that due to a lot of competition for business in the insurance market the broker taking from his commission in order to discount premium rate to the insured the thing which makes the difference appear between the insurance company's qoute and the broker's offer to the insured.
Thanking you ,
Wit my very best wishes.
Hello Rahaf,
Kindly note that its complicated issues but simply you should consider how the insurance company calculate the cost which depend on many factors like the following :
- its insurance company (under the supervision of the government which indicate supervision fees and tax but its more guaranteed if problem happen you can get your money back , or its TPA company which mean its medical or specific insurance service provider which have less fees but not guaranteed)
- the count of your employees or the amount of issues you want to cover under the insurance.
- the risk factors (nature of industry - employees ages - male or females etc.... which indicate in each benefit of insurance)
so if you have small employees count or small business for cost wise the broker will be cheaper (consider he take commission from the insurance company which mean that he will appear that he stand on your side in problems but in hidden he will support the insurance company in addition to the communication will take longer time) but the price will be cheaper cause he will take ur business under the umbrella of other business he serve.
if you go directly to the insurance company you will have higher price but true but any way i believe if you went through decent broker which is very rare and make the right negotiating you will get the job done in effective way
hope its clear , wish you good luck
I Think small business health plan is cheaper
IT IS BETTER THROUGH A BROKER THAN DIRECT
I think through broker it may be cheaper, but we must understand terms and conditions clearly.
Before taking short term benefits establishments must consider long term loss. In my humble opinion health plans directly from insurance company would be much batter options because it will provide your own workforce to learn new things in regard of market and contracting .
Dear Rahaf
i'll try to make my answer short and more specific
in fact and regarding to the price you won't find a big difference between the insurance company and the broker and it's all depending on your negotiation
so my advice is :
1- don't make your decision based on the price only and make the quality of service is your top priority because the agreement may has a hidden points regarding to the service, duration, the coverage area and the classification.
so the price is not everything
2- if you have a good experienced team can handle the health care administration processes such as claims, records, and payments,,, in this case i prefer to go directly for the insurance company without a broker.
but if this is the first experience for you and your team within the company with the health care plans i prefer to go for a broker because he'll manage the processes for you.
regards
I believe it is cheaper to bye it through a broker as the broker has the flexibility to give some discount to the client from his own commission. This is applied to all line of insurance business. In addition that, it is usually better to bye insurance through a broker as the broker has the knowledge and experience to support his client with all insurance matter whether purchase a policy or providing a claim, etc.
Regards,
directly from the insurance company