A medical aid broker is basically someone who sells medical insurance. This is not the beginning and end of their function, however. They are people with in depth knowledge of the industry and they have the expertise to offer guidance and advice to people who need it.
If you are in the market to find a new medical aid plan, consulting with a professional medical aid broker would be a good idea. Not only can they help you with your decision making process, but they can save you a lot of time and effort by doing research on your behalf.
A Basic Function Breakdown
A medical aid broker can assist you in the following ways:
Gather information on different medical aid options from various companies
Advise you on how to work out your budget to provide for monthly premium payments
Offer guidance on what kind of cover would be best suited to you and your medical requirements
Go through your health status as well as your family medical history to determine the type of cover you could most benefit from
Deal with all paperwork regarding signing up for membership with a certain medical aid company
Liaise with different companies on your behalf
Give you valuable information and advice that can inform your decision making process
It is more than just a selling process for a broker. If you find the right one, you will have found a valuable asset who can assist you in making an informed decision regarding which medical aid package to go with. Remember that you do not have to pay for the services of a broker; they are paid by the company that employs them. So basically you have valuable information and services at your disposal that won't cost you anything.
How To Find A Broker
You can do an online search to find medical aid brokers. Try to look at independent companies instead of those that provide medical aid themselves. In those cases, their brokers will only provide you with information regarding their company's products and you won't have a realistic view of what else is out there.
It is important to sit down and speak to a broker face to face before making a decision. The relationship you have with them is as important as their knowledge and expertise. You do not want to end up with a broker who is only interested in the sale but who has your best interests at heart. The best way to make this deduction is through a personal meeting.
This doesn't mean you have to meet every broker you find listed. You can start by emailing enquiries and perhaps create a short list based on your feeling from this correspondence. A phone call to the shortlisted brokers would help you narrow it down even further to maybe two or three brokers you would like to sit down with.