how do health insurance brokers get paid?
474689
I've been a health insurance broker for about 20 years.  Brokers in almost all US states get paid commissions that do not affect the cost of their clients' policies.  This is due to state regulations.\n\nIn another words, the policy costs the same whether the client buys from the broker or from the company.\n\nCommissions are usually a percentage of the monthly premium the client pays.  I work with all the Connecticut non-group health insurance companies and the percentage ranges from 7% to 25%.  One company pays a flat fee of $17 per month per contract.  \n\nThe companies that pay higher first year commissions ususally pay less in the second and subsequent years than they do in the first year.\n\nIt is a good business, but it is a lot of work.  You get a lot of technical questions so you have to know your stuff.  Also there are no big commission cases at least not if you focus on individual sales like I do.  However, every month or every quarter, you will cash slightly bigger checks.  Eventually you wil have a good income if you work at it.\n\nIf you are planning to come into the business, good luck (unless you are planning to compete with me in Connecticut - just kidding there are plenty of clients to go around).  Study hard; work hard; work with integrity and you will gain many new clients and friends.\n\nIf you want to find out more about me visit my website.  See below:
886776
It varies.  What specialty?  What subspecialty?  What region of the country?  How much do they work ? (part-time, full-time, or double that?) How much experience do they have?  How much ancillary staff do they have to pay?  What is their malpractice premium?\n\nFew doctors are in it for the money.  There are MUCH easier ways to get rich.
645060
Specialists make money on the small spread between the bid and ask prices on the stocks they manage. Usually they are buying at the "bid" price and selling at the "ask" price.
8348
Yes they can and they do. Most of the times, the doctors office calls the insurance companies to verify insurance and to make sure the particular treatment you are getting done is covered. They also make you sign documents that if the insurance does not pay, you are liable to pay, and they make sure you do. They can even have collection agency on you to recover if you do not pay.
497624
They broker a deal between you and another party,usually shares in a business. They get a fee for this, sometimes from the seller as well
35257
That depends. Assuming your company annualizes your commissions, meaning they pay your entire first-year commission upfront, here's how you figure it. Multiply the monthly premium by 12, ($100 x 12 = $1200) then multiply that subtotal by 80%, or .8, for a total first-year commission (FYC) of $960. \n\nIf they don't annualize your commissions, then you'll probably get 80% of the monthly premium each month for the first 12 months. I say probably because if you broker out the policy, some companies have monthly minimums they require before they'll mail you a check. You'll still earn all your money, but you may have to wait a couple of months until you accumulate the minimum. For example, I use a brokerage that will not send a check for less than $50, so if I earn $35  per month, I'll have to wait until the second month before I get my $70.\n\nAlso, please read my blog about insurance agencies so you have a better idea of how it all works, at newlifeagent.blogspot.com. Feel free to share it with others, and please let me know what you think.\n\nBest of luck, and good prospecting.
1024312
I'm guessing you're an international student, right?  Contact an individual insurance agent to get quotes.  I'd recommend one, but I don't know any in NY.  Can the school recommend an agent or company?  Ask their office for international students.\n\nHere's some definitions:\nPRE-EXISTING CONDITIONS:  Anything you have wrong with you or have seen a medical professional about in the period before coverage started.  Usually the period is for 2 years, but could be longer.\n\nREPATRIATION OF REMAINS:  Will pay to have your dead body returned to your home country if you should die while in the US.\n\nDEDUCTIBLE:  The amount of the health care costs you must pay.  For example, with a deductible of $500, you have to pay that amount before the insurance will pick up all costs, except for co-pays.\n\nCO-PAYS:  The amount you have to pay for service.  For example, under my insurance, at each office visit, I have to pay a co-pay of $20 just to go to the doctor, regardless of what the doctor charges the insurance.
678045
I don't. \n\nA pediatrician generally is on call 24 hours per day/ though they may share this duty with another doc or a group of docs.  Payment depends on what ones work arrangement is. A doc can be an employee of a group practice, a company, or can be self employed.  payment can depend on the success of the practice, or can be a percentage of her patients generated payments ( direct payments, co-payments, insurance payments etc.), or can be an amount of salary or other money he designates from her own company to cover her living expenses, or to compensate her for her work.\n\nUsually these payments will be either monthly or bi-monthly in schedule.
248166
Thats the company that handles the insurance agents aof a specific insurance company.its like the mother company of the insurance agents.  A broker is a company/firm who handles people who look for clients of an insurance firm.
913790
You heard right, You have to make a certain amount of money to\nquailfy for it. I was declined by them for that.\nIf you make to much and you get declined I know a website where\nyou can get medical,dental vision all for less than $60.00 a month\ncheck out this website if you are interested\n\nwww.needdentalbenefits.com
1150964
The best place to start is by doing what you’re doing now – asking for personal recommendations. What kind of health insurance are you looking for? It might be a good idea to jot down a list of the different aspects of a health plan and then chart the differences between various plans you come across. Here’s an example:\n\n·Monthly price (premium)\n·Yearly deductible (amount you spend before the insurance company will start paying)\n·Copay amount (amount you pay per service)\n·Coinsurance amount (amount you split with the insurance company – usually a percentage; i.e., you pay 20 percent and the insurer pays 80 percent)\n·Freedom of choice (can you visit whatever doctor you want?)\n·Preventive medicine and routine doctor visits (does the plan include these?)\n·Mental health (included in the plan; copay amounts; maximum number of annual visits).\n\nHMOs (health maintenance organizations) are popular right now, and they usually include mental health coverage in their plans. A typical example is that you would pay a monthly fee and then a copay when you visit your therapist (usually around $50 for a plan with low monthly payments). One potential problem, though, is access to physicians. An HMO might not have the kind of mental health specialist you’re looking for. Before you enroll in an HMO, I would strongly urge you to look at their mental health specialist roster. For more choices, you might opt for a PPO (preferred provider organization) or a traditional fee-for-service plan.\n\nOne helpful Web site is needymeds.com (see link below). It is a catalogue of Web sites devoted to discounted drugs and medical programs.\n\nThe best way to find answers to your questions, though, is by talking with local insurance agents. Just tell them what you’re looking for and how much you want to pay, and then wait until one of them brings back a policy that’s right for you. You won’t spend any more on a plan from an agent than if you bought the same plan online. MostChoice.com is a Web site with state-licensed agents throughout the country. When you visit the site, you fill out a short information request form. You’ll get free quotes and policy information on health plans near you, and within two days agents should contact you. There’s no cost and you’re not expected to buy a policy from the agents. Also, MostChoice will use your personal information only to help you find the health plan you’re looking for.\n\nYou can visit MostChoice here: http://www.mostchoice.com/health-insurance.cfm\n\nGood luck. I hope this helps,\n\nBarnes @ MostChoice.
927134
http://jama.ama-assn.org/cgi/content-nw/full/290/9/1173/TABLEJOC30309T1\n\nwhich is from:\nhttp://jama.ama-assn.org/cgi/content/full/290/9/1173\n\nThese are *averages*.  A internal medicine specialist (e.g., rheumatologist) in an underserved area like New Mexico or in growing areas like LV, Nevada, can make well over the average (maybe double).\n\nOn the other hand, you need to take into account the high insurance premiums paid by doctors.  Primary care specialists (family, pediatrics, internal med) already pay 5-figure premiums.  Once you get into surgery of any kind, the premiums rise to 6 figures.  Many surgeons are quitting because of this, instead becoming surgical assistants - non-M.D. positions (it's an allied health course) with less responsibility and no insurance headaches.
455646
You need to hire an experienced contract negotiator/provider relations coordinator for your facility. You'll also need someone proficient and certified in ICD-9 and CPT coding, as well as experienced medical claims billers and a billing coordinator.\n\nWhere are you located? What state...each state has some different laws in regard to insurence billing for medical claims. I personally have eight years experience in this field.
385421
They are not salaried.  The work on commissions only, so it depends how many deals you close, representing either the Seller or Buyer, how much the properties are selling for, how much commission the Seller is paying on the sale, and what your deal is with your Real Estate Broker (employer) who keeps a certain portion of the commission.  You only get paid when you close a deal.
120386
Either way you go, there are still gonna be high bills to pay. We have private insurance, and last year, I had to pay $4900 in out-of-pocket expenses, not including the premiums. \n\nThere are some Christian medical expense share plans where you contribute a certain amount each month, and the member with the need gets the bills paid. When you need bills paid, they get paid. I'll put a link below to an article that talks about them, and has links to the top plans.
174282
Many brokers will write a minimum of 1 million GL.  Most of the policies that I'm familar with are from Pennsylvania and a ball park would be $550 a year.  If you add a tool floater or building coverage the premium will increase.
96772
It depends on from what aspect. From the doctors point of view, they need medical billers to charge the insurance companies for their services, otherwise they won't get paid.