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Yes. No one can offer a higher or lower price for health or life insurance for the same product from the same company. Prices are fixed by law.
Example: If you spoke to 10 insurance agents that all represented XYZ company or went to 10 websites that all represent XYZ company (let's say a major insurance company), they all received the exact same price or rate book for that company. Even if you call XYZ company direct and speak to a "captive" agent (which means they actually work for that particular insurance company only), they will all have the same price or rate book.
This was done to protect you. Otherwise, it would be the "wild west with everyone charging different prices for the same product. Remember, this is insurance. It is completely different than buying a TV or a pair of shoes online. People have gotten so used to "shopping" for the best price that they assume it is the same for insurance, and it is not priced that way.
If XYZ company changes their prices (ex: has a rate increase) then all of those agents (independent or captive) or websites, throw out that old price book and now must use the new price book.
It doesn't matter if you are speaking to independent agents, viewing multiple websites, saw a TV ad, etc. Same company, same product...same price.
Remember, prices for most insurance are based on you. Typical things used to quote a price are (age, gender, height/weight, tobacco use, health history, etc.). Each product is different, but those are some examples.
Support your Independent Agent, they can quote multiple companies for you, their services are free of charge to you (by law), and as we just discussed, the price is the same. They basically will do all the heavy lifting for you (all the research, etc.) . If you call a captive agent or the company direct, you'd have to call multiple companies or speak to many agents, just to get several quotes. Whereas your independent agent is like one-stop shopping. One agent, multiple quotes.
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What has the author Karl Jung written?
Karl Jung has written: 'Bundespflegesatzverordnung' -- subject(s): Health Insurance, Hospitals, Law and legislation, Rates
What has the author Beth C Fuchs written?
Beth C. Fuchs has written: 'Mandated employer provided health insurance' -- subject(s): Employer-sponsored health insurance, Health Insurance, Insurance, Health, Law and legislation, Medically uninsured persons 'Private health insurance continuation coverage' -- subject(s): Continuation coverage, Health Insurance, Insurance, Health, Law and legislation, Legislative history, United States 'Taxation of employer-provided health benefits' -- subject(s): Employee fringe benefits, Health Insurance, Insurance, Health, Taxation
What type of health insurance option did Obama sign into law?
Mandatory Insurance
Is it required by law to have health care insurance?
Different states have different laws, however I think it is advisable to have health care insurance as health care is expensive, but I don't think it is a required law.
What type of health insurance option did Barack Obama signed into law?
Mandatory Insurance
Can an employer pay health insurance for you?
Yes the employer can pay the health insurance but is not required to by law. He is encouraged to for bettering the employees benefits.
What has the author Frank E Law written?
Frank E. Law has written: 'A method of deducing liability rates' -- subject(s): Insurance, Employers' liability, Rates
Is against the law or employer to refuse health insurance?
It is not against the law for an employer to refuse health insurance to their employees. Many companies and major corporations do offer health insurance through health benefits administrators, which are part of the HR department of the company you work for. You might want to get more information about this for your company or from the health benefits administrator of your company.
Do you have to have a beneficiary on you health insurance?
Some Companies require one But it is not a law
Is health insurance mandatory?
Under our current United States law, it is not mandatory for individuals to carry health insurance. I don't think it's a smart idea to not have health insurance, but it's just not affordable for some people.
Whose scientific discoveries are the law of the pendulum and the fact that falling objects accelerate at fixed and predictable rates?
Galileo
What is life and health insurance license exam?
This online exam covers comprehensive introduction to health, accident and disability insurance. This would include contract law, health insurance providers, insurance policies for life and health, government programs, private insurance plans for seniors, underwriting and premiums, group health insurance and the uses of health insurance. This may feature interactive learning aids that will help you through the process of your insurance licensing exam.
