Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations. Compare how different deductible levels affect your premiums by requesting quotes from your insurer.

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Smart Insurance Agents

SEPTEMBER 28, 2024

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

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Word & Brown

FEBRUARY 18, 2025

Why Brokers Partner with a General Agency? Brokers today more than at any time previously face multiple challenges. You earn the same commission (and bonuses) as you would on your own, working as an independent broker. automated deductible and Rx updates (so you know when they apply before benefits kick in).

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AMAXX

JANUARY 14, 2025

Employers pay premiums for this coverage, enabling them to forecast and plan for these costs more effectively. Premiums Reflect Risk While workers’ compensation provides predictability, it is not free. Premiums Reflect Risk While workers’ compensation provides predictability, it is not free. All state laws vary.

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AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

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Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Insurance premiums can vary significantly between providers, so it’s essential to compare quotes from multiple insurers.

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Ease

FEBRUARY 21, 2023

Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb. 21, 2023 – Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report.

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American Agents Alliance

FEBRUARY 7, 2025

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. Agents and brokers need to be realistic when presenting coverage and pricing options to policyholders.

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Smart Insurance Agents

DECEMBER 9, 2024

Affordable Premiums: Short Term Health Insurance Plans typically offer more affordable premiums compared to long-term health insurance plans. Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. Determine the affordability and value for the coverage provided.

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Jackson & Jackson

MAY 23, 2024

As a result, insurance premiums tend to be higher in California compared to other states. Understanding the unique challenges of the California insurance market not only empowers you but also helps you navigate the process more effectively and save money on your premiums.

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Distinguished

SEPTEMBER 17, 2024

What are some of the key factors you consider when determining appropriate coverage limits and deductibles? If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. So specific to limits, I just mentioned security.

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Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

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Smart Insurance Agents

AUGUST 29, 2024

The primary types include Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), Point of Service (POS), and High-Deductible Health Plans (HDHP). HDHPs feature high deductibles but lower premiums, making them suitable for pairing with health savings accounts (HSAs).

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Word & Brown

SEPTEMBER 30, 2024

It’s key to review and compare options by carrier, not just premium. 5: Discuss Cost Savings: Explain to your clients how they can save on Dental care, and how adding coverage for major services will affect their plan premium. Word & Brown has been partnering with brokers for nearly 40 years.

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Word & Brown

OCTOBER 18, 2024

That’s why we suggest every broker adopt and implement a good Customer Relationship Management (CRM) platform. Check out our prior post, Ranking the Best CRM Options for Insurance Brokers. KFF said in August 2024 that Affordable Care Act (ACA) insurers were seeking a median premium increase of 7% for 2025.

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Jackson & Jackson

APRIL 28, 2024

This often happens when trying to save on premiums. Cheaper policies can come with higher deductibles, more exclusions, and lower coverage limits, which could cost more in the long run. Work with a reputable insurance broker who understands the unique needs of property investors.

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Ease

MARCH 9, 2023

Take a deep dive into plan adoption rates, rising medical premiums, and the power of voluntary benefits for the new year. Employees that can afford to spend a little more on health insurance will pick a plan with a lower deductible and higher monthly cost, while the newest generation has different ideas.

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Healthinsurance.org

APRIL 25, 2024

2 And thanks to federal legislation, the American Rescue Plan (ARP), that enhanced ACA premium subsidy eligibility for millions of consumers, you’re more likely than ever to find Marketplace coverage that’s subsidized – and you won’t have to wait for the next annual open enrollment period to enroll if you’re eligible for a SEP.

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Word & Brown

AUGUST 23, 2024

Premium Speakers: Whether you’re working alone or alongside others, studies show that music can be motivational, release dopamine, and reduce stress. It includes six models based on different criteria: best overall, best for accessories, best on a budget, best premium, best minimalist, and best for cable management.

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Healthinsurance.org

JANUARY 2, 2024

PPOs will cover out-of-network care, but the deductible and other out-of-pocket expenses are typically higher (often significantly so) for out-of-network care. But those provisions are only required to apply to in-network care, so they don’t reduce out-of-network deductibles.)

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Distinguished

JULY 22, 2024

At Distinguished Programs, our specialty fine art and collectibles insurance offers several key advantages over relying solely on homeowners insurance: Doesn’t Affect Homeowner Premiums : If your client needs to file a claim, it won’t impact their homeowner’s insurance premiums.

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Property Insurance Centre

SEPTEMBER 25, 2024

This might seem like an advantage since this saves cost initially, though it might lead to high premium costs later on. It is important not to rely only on the words that a broker tells you, try to read all the details. These can be added to your policy for an additional premium. – Declaring inaccurately.

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American Agents Alliance

AUGUST 22, 2024

The most immediate impact will be an increase in premiums for drivers currently holding minimum coverage policies. As premiums rise, California could see an increase in uninsured drivers, exacerbating an already significant issue. These strategies can help offset the premium increases associated with higher liability limits.

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Smart Insurance Agents

AUGUST 19, 2024

Some plans also help with bigger dental work, like dentures or implants, but these might cost more in premiums. Standalone dental plans usually offer different levels of coverage with varying costs like premiums, deductibles, and yearly limits. However, you will usually pay separate premiums for these plans.

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Smart Insurance Agents

JANUARY 11, 2025

Small businesses can explore plans through the Health Insurance Marketplace, where they can find a variety of coverage levels and premium costs. Analyze the premiums, deductibles, co-pays, and out-of-pocket maximums to determine the plan’s affordability for both the business and its employees.

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ProWriters

APRIL 17, 2024

As you would with any insurance policy, review all coverage limits, exclusions, and deductibles with your clients. ProWriters offers brokers and agents like you the resources you need to achieve more success in your Cyber brokerage.

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Distinguished

NOVEMBER 7, 2024

This heightened risk necessitates more substantial bonds, often with higher premiums, to cover potential defaults or non-payment issues. In return for premium payments, the insurer agrees to compensate the insured for losses suffered due to specified risks, such as property damage or liability claims.

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Cover4LetProperty

OCTOBER 10, 2022

As with any security deposit, it needs to be returned – less any deductions that are agreed upon – to the tenant when the tenancy ends. What are let property insurance brokers? There is rarely any alternative but to read and compare the policy details to be clear – and when in doubt, to ask your insurance broker.

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Healthinsurance.org

JUNE 20, 2024

Most Marketplace enrollees qualify for premium tax credits (premium subsidies). 17 Premium subsidies are a tax credit based on the total annual income earned by everyone in the enrollee’s tax household (everyone listed on your tax return). Most Marketplace enrollees qualify for premium tax credits (premium subsidies).

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Distinguished

MARCH 25, 2025

In short, their value is highly subjective and requires expertise and connections beyond most insurance agents or brokers. Security measures: Collections stored in locations with advanced security systems, climate control, and proper humidity management may qualify for lower premiums. Want to get a bindable quote for your client?

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PSM Brokerage

NOVEMBER 26, 2024

MPF allows individuals to shop around and make choices based on a variety of search criteria, such as plan benefits, premiums, deductibles, and Star Ratings. Some of these topics include information on an individual’s providers, pharmacies, prescription drug coverage and costs, premiums, and benefits.

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Word & Brown

JANUARY 23, 2025

The premium tax credits available to individuals and families through the ACA help make insurance more affordable for millions of Americans. The ACA requires marketplace plans to cover at least one drug in each drug class and to include out-of-pocket Rx expenses in an insured persons or familys deductible.

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