Benefits Of Using A Health Insurance Broker In The UK

One of the most common questions amongst those buying private medical insurance for the first time is whether or not they should use a broker. 

Of course, there is no "right" way of buying private medical insurance...

But there is no doubt that a good broker can, and should, make the process so much easier.

Let's start with what a broker really is.

An insurance broker is an intermediary between you, the customer, and the insurance company. Brokers are paid in commissions by the insurance companies, so their services are generally free to the consumer. 

Working with a broker has a whole host of advantages over trying to go it alone. Let's take a look at the ten biggest ways a broker can help you.

1. Cost Savings

Since the services of a broker are free, and they can usually negotiate better prices for the same cover than the average customer can, it goes without saying that you will probably save money!

2. Objective Risk Assessment

One of the biggest bonuses of using a health insurance broker in the UK is the extensive knowledge they possess surrounding the UK’s private healthcare system. They can help you make risk assessments, on both policy and financial decisions, with the knowledge built over years in the industry. This experience is not to be underestimated!

3. Honest Advice

Health insurance brokers in the UK don’t usually have any affiliations to insurance providers so they can offer you honest opinions about what works for you. 

At Lifepoint Healthcare, our team is always honest with the customer – even if that means that you don’t purchase private health insurance.

4. Simplified Communications

A good broker will break down discussions about policy and coverage into a language you understand. It’s easy to get bombarded with facts when dealing with insurance companies but a broker can give you good, easy to understand, jargon-free advice to keep you feeling relaxed and in control.

5. Range of insurer options

Brokers work with a variety of private health insurance providers in the UK. This means that you will get to choose easily between multiple providers to find your perfect fit. 

6. Accurate policy comparisons

Ok, we’re just going to say it. Reading health insurance policies isn’t the most gripping activity in the world. 

It can be tricky for most people to see the nuances and differences between policies that all look the same on the surface. With their extensive knowledge of the products, system and industry, brokers can summarise and simplify each policy so you can see your options easily!

7. Negotiating premiums

Brokers have working relationships with insurance companies and help them to get more people on their books. As a result, trust is built up in the relationship.

You get to benefit directly from this trust and brokers can often negotiate a more competitive price than you would be able to as a standalone customer. 

8. Time-saving

Probably the biggest benefit of using a health insurance broker for busy, working people is how much time can be saved. 

Trawling through insurance providers sites, trying to teach yourself the ins and outs of the industry and talking to agents and salespeople can be exhausting. Nobody wants to spend their weekend doing that. 

With a broker, you only have one simple conversation and the rest is taken care of for you. 

In a world that is leaning increasingly towards the “work smarter, not harder” mentality, going with a broker is a no-brainer!

9. Claims assistance

Like all insurance, we all hope we never have to use it. If you have to make a claim on your health insurance, it will probably be a stressful and worrying time for you and your family. Brokers can help with claims assistance by walking you through the process and ensuring that you’re doing the right things. 

10. Free service with no obligation to buy

Health insurance brokers in the UK normally work free of charge for you, the customer. Even after they have presented you with your health insurance quotes and advice, there is no obligation to make a purchase. 

This makes it pretty much risk-free to chat to a broker. Book a call with our friendly team of advisors now!

Check out our latest blog post where we dive deep into the advantages of using a private medical insurance broker like Lifepoint Healthcare - link in the comments! 

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