I have a Idea that I think could help shape buying health insurance

[JacobD]

BackStory
I was a health insurance broker that sold health insurance to individuals basically as the middle man, I realized everything I was doing the person on the other line could do as well if they knew they access to the softwares I had. All I did was explain everything in simple terms, buying a health insurance really isn't as complicated as people make out to be. Theres about 5 things you need to know when buying health insurance and if you know those things then you don't need a health insurance broker.

Problem
People waist 30 mins-2 hours on the phone with health insurance brokers while picking a health insurance plan, I believe theres no need for a scheduled phone call with a broker making it a long process. The reason people buy health insurance through a broker is that they don't don't understand health insurance terminology or what they are looking at, because everything in healthcare is so complicated and not broken down correctly for the consumer. Once you know what you are looking at and understand the terminology it should take 15 minutes max from start to finish to pick a health insurance plan. I believe there is no need for the middle man. (AKA Health Insurance Brokers)


The Idea
Build a trusted website/app that shows you all health insurance options that are in your county, when you click on the plan everything should be broken down Line by Line in a way the consumer understands exactly what they are looking at/buying. If the plan fit there needs should have a easy way to purchase the plan and to setup auto pay so they don't have to think about until they have to use the plan.


If your self employed or if employer doesn't offer health insurance there really only two routes you can take to get Health Insurance .
1. Marketplace/ACA plans as in; Healthcare.gov
2. Private companies (Some are risky/scams)
Both ways have complicated systems that doesn't explain everything well for the consumer which ends up people buying a plan that doesn't actually fit them


Analytics
CHAT GPT: As of early January 2025, nearly 24 million Americans have enrolled in health insurance coverage through the Affordable Care Act (ACA) marketplaces, marking a record high in participation

As of 2025, approximately 80% of the nearly 24 million Americans enrolled in Affordable Care Act (ACA) marketplace plans have utilized the services of an agent or broker for their enrollment.

This equates to about 19.2 million individuals receiving assistance from brokers a year, And thats only going up.

Recap
80% of people that live in US that get their own health insurance every year are using a broker waisting time when they shouldn't need to.. Health Insurance Brokers shouldnt make the final decision on what health insurance plan you buy
1. They could be selling you a plan that benefits them more them you. (You never know who is on the other line, if the broker is hurting for money he could upsell you and make you spend more then you need just so he makes more)
2. They don't really know your life style nor all the potential ways you may need to use the plan in the future like you do. (Example; If you have a surgery coming up or say you are prone to getting injured again and the health insurance broker doesn't know that he might not pick a health insurance plan that best fit the situation your in. In that case you would make a better decision then the broker would.)
3. think of how much combined time that is taken away from 19.2 million people a year. When that time could be spent doing something more beneficial.


I can go more in depth with all this i just wanted to keep it short to hear some feedback first (All feedback/questions are appreciated)

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Kevin88660]

Vjisi esi FOZ vuumt eweomecmi upmopi gus duptanist vu sitiesdj opvu foggisipv qmept epf qsuwofist vjiti fezt.

Iwisz V&D fudanipv dep ci fuxpmuefif upmopi.

Vjisi esi gopepdi opgmaipdist/cmuhhist xju xomm tvafz vjiti qmept epf veml ecuav vjin.

Ov emtu fiqipft up sihamevoupt, gus nutv optasepdi qsufadvt op nz duapvsz vjiz jewi vu ci csuahjv vjsuahj e temit siqsitipvevowi. Upmz tonqmogoif wistoup ug visn optasepdi epf qesvodoqevoph qmept esi emmuxif gus fosidv qasdjeti (xovjuav e temit siqsitipvevowi).

Vji sihamevus velit e deavouat evvovafi vuxesft fosidv qasdjeti. Vjiz fup’v xepv vjuatepft ug qiuqmi gomoph dunqmeopvt mevis dmeonoph “vjiz fup’v lpux xjev vjiz cuahjv epf qeof gus”. Ov jeqqipt gsiraipvmz xjip zivet mevis vjiz siemoti vjiz duamf puv gomit e dmeon taddittgammz.

Emm optasepdi qsufadvt esi ev ovt dusi e mihem fudanipv. Vjisi ot pu tjusv dav, og zua xepv vu apfistvepf xjev zua esi cazoph, cz siefoph iwisz mopi ug vji 50 qehit V&D.

Vji sietup xjz qiuqmi tvezoph up vji qjupi tqieloph vu ep optasepdi csulis ot vjev vjiz deppuv apfistvepf iwiszvjoph katv cz fuxpmuefoph upmopi opgusnevoup. Epf iwip og vjiz dep timg-tvafz ov ot emtu e huuf qsedvodi vu puv ettani xjev zua vjopl zua lpux epf dupgosnt xovj e csulis.

Zua dep tvafz vji visnt epf dupfovoupt cav vji dmeont qsuditt ot puv tvevif optofi. Ov’t e casieadsevod cmedl jumi qsuditt civxiip vji optasepdi dunqepz epf vji jutqovemt. Zua xup’v lpux e vjoph apvom zua tqiel vu e csulis.