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What is the main benefit of using a benefit broker?

A. Lower-cost benefit options.
B. Can waive ACA regulations.
C. They sell for multiple companies and typically can provide more options.
D. They can sell for one company.

1 Answer

1 vote

Final answer:

A benefit broker's primary advantage is their ability to offer a diverse range of insurance options from multiple companies, often resulting in more personalized and cost-effective plans for consumers.

Step-by-step explanation:

The main benefit of using a benefit broker is that they sell for multiple companies and typically can provide more options (Option C).

Benefit brokers have the advantage of offering a wide variety of plans from various insurers, allowing for more personalized and sometimes lower-cost benefit options.

They cannot waive ACA regulations, as all insurance professionals must work within the law. Benefit brokers' role is significant under The Affordable Care Act (ACA), which requires individuals to purchase insurance and prohibits denying coverage due to pre-existing conditions. Brokers help consumers and businesses navigate the marketplace options to find coverage that balances cost with coverage needs.

User Matthew Borish
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