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Most people mistakenly believe that purchasing insurance through an insurance agent is more expensive than purchasing it directly from an insurer and this can be a major oversight. Insurance agents do not cost more; they can help you find insurance discounts!Insurance specialists know what insurance package to write your policy under. This skill can prove to be very important when it comes to insurance discounts. A surprising amount of insurance seekers do not know that indemnity companies base their rates based on varied factors. The same person can find a relatively low rate with one company and a relatively high price with a different company just based on the differing items each take into consideration. Knowledgable insurance agents can tell what company would provide the best rates for each consumer and save you the inconvenience of comparing rates.Insurance Professionals can guide you about how to lower rates. By having intricate knowledge of how the insurance ratings work, an agent can inform you what choices you have for saving money, like taking a safe driving class. They can also advise about raising or lowering coverage to lower prices. Insurance brokers know how valuable low premiums are to their customers, and they are always willing to help you save money. Brokers will become aware of price affecting changes as they become available and will notify you accordingly. A majority of brokerages, for instance, will check competing rates for their clients every renewal. That way if another company is able to reduce your premium, they will let you know about it at once. This is the sort of experience that will only be known by a local broker familiar with the insurance marketplace in your area.In my opinion the greatest feature provided by a local licensed agent is the knowledge they offer to be sure you are not inappropriately covered. Having appropriate coverage can keep you out of the poor house. It could be the most important choice your family will ever make.

Surveys of self-employed individuals consistently show that one of their major concerns is the ability to buy affordable health insurance. One in 4 self-employed persons has no health insurance today even tough more than 70% of these people could afford to buy high quality health insurance if they had an effective buying strategy.1. Have a budget and set realistic expectations. Realize that the purpose of insurance is to cover unexpected and otherwise unmanageable expenses. Most good plans cover “ordinary and necessary medical expenses” but not your health club membership. Look for coverage that provides protection but avoid being drawn in by the marketing sizzle. Do not buy health insurance with the primary intention of picking up the cost of your existing ordinary medical expenses like prescriptions, routine dental care and annual check-ups. Health plans exist for almost every budget. Remember that no one is excluded from receiving medical care for an acute condition because of the type of their health insurance plan, but rather medical treatment may be denied because they dont have any insurance coverage at all.2. Realize that there are trade-offs in every health plan. The lowest priced high quality health insurance plans excluded coverage for pre-existing medical conditions and require periodic re-enrollment. It is often better to take the less expensive insurance any pay for small uncovered expenses yourself. But if you need to find full takeover coverage, then you cannot expect to be offered the insurers lowest rating.3. Think short term. Most individual health insurance policies for self-employed persons actually stay in force less than a year. Buy the plan that offers you the best deal right now and do not worry about whether it will be available in a year. In 12 months, a whole new generation of health plans will be available. It would not be smart to keep the same plan for more than two years because new plans are evolving rapidly. A plan that you bought more than 2 years old would not likely represent the best value for you today. 4. Use student medical plans and foreign travel plans if you qualify. These plans offer better deals than traditional coverage.5. Choose a higher deductible. By taking a $1000 deductible, you will save more than $1000 in premium payments over a year’s time. This should be an easy decision from a mathematical viewpoint, but still many people buy policies with a low deductible. It makes no financial sense to pay an insurance company $1000 in premiums for medical care that you could buy for $600 cash.6. Choose indemnity type coverage and avoid HMOs. This lets you and the doctor that you choose maintain control of your own medical care. This saves money in the long run by allowing the best course of treatment from the outset of any medical condition.7. Use the Internet. Technology now allow for online pricing and enrollment with policies issued within 24 hours. Savings have resulted in lower premium prices. Some plans offer premiums as low as $25 per month for catastrophic coverage for young people.8. Avoid the scams. Unfortunately, self-employed individuals are a prime target market of numerous health plan marketing scams. State insurance departments continuously shut down disreputable plans, but new ones sprout up just as quickly. Well-established and reputable health plans are obtained from well-established and reputable distributors. Good health plans do not use multi-level marketing schemes. All individuals handling your health plans enrollment should be licensed, bonded and insured. Beware of individuals who claim that they do not need an insurance license in your state or can not provide evidence of errors and omission coverage or a bond issued by an insurance company. Remember the old adage if it sounds too good to be true. This certainly applies when shopping for health insurance.