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Health Insurance License: What You Need to Know

 

Health insurance covers people financially in the event that they incur medical bills due to injury or illness. Instead of having to bear the burden of paying these bills, which sometimes run into the five or six figures, a covered individual can shift the responsibility to an insurer that pays most or all of the charges. Individuals secure these benefits by paying a premium to the insurer each month.

 

Now that the failure to maintain health insurance exposes the individual to financial penalties mandated by law, a number of people who had been previously uninsured are seeking coverage options. This is where the health insurance agent comes in.

 

What Is a Health Insurance License?

 

A valid, current health insurance license grants the right to sell this type of insurance to individuals, family, businesses, and other qualifying entities.

 

Who Is Required to Obtain a Health Insurance License?

 

In order to sell health insurance in any U.S. state, you must have a current license. Many states issue a Life & Health license that covers both types of insurance. Certain non-sales positions within the insurance sector may require this license as well.

 

What Types of Policies Do Health Insurance Agents Sell?

 

There are several kinds of health insurance currently available to consumers, such as the following:

 

How to Obtain a Health Insurance License

 

 

Health Insurance

 

What Do You Have to Do to Maintain a Valid License?

 

Health insurance agents are expected to comply with any Codes of Conduct enforced by the state where they are employed.

 

When Do I Have to Renew It?

 

It depends on state law, but a two-year renewal period is typical. You will probably have to demonstrate compliance with continuing education requirements when renewing.

 

What Kind of Exam Study Help Is Available?

 

America’s Professor is a fantastic resource for anyone who wants to study for their health insurance exam. Feel free to explore our selection of study aids and resources.

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