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Health insurance agent hiring summary. Here are some key points about hiring health insurance agents in the United States:
Here's a step-by-step health insurance agent hiring guide:
Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.
Before you start hiring a health insurance agent, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A health insurance agent's background is also an important factor in determining whether they'll be a good fit for the position. For example, health insurance agents from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents health insurance agent salaries for various positions.
| Type of Health Insurance Agent | Description | Hourly rate |
|---|---|---|
| Health Insurance Agent | Insurance sales agents help insurance companies generate new business by contacting potential customers and selling one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. | $16-34 |
| Sales Producer | A sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents... Show more | $11-51 |
| Agent | Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors... Show more | $9-34 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $64,596 | $31 |
| 2 | New Hampshire | $64,526 | $31 |
| 3 | Massachusetts | $61,056 | $29 |
| 4 | Alabama | $60,302 | $29 |
| 5 | Oregon | $58,605 | $28 |
| 6 | Colorado | $56,827 | $27 |
| 7 | New York | $55,961 | $27 |
| 8 | Hawaii | $55,001 | $26 |
| 9 | Minnesota | $53,373 | $26 |
| 10 | California | $53,196 | $26 |
| 11 | Michigan | $51,534 | $25 |
| 12 | North Carolina | $49,851 | $24 |
| 13 | Mississippi | $49,582 | $24 |
| 14 | Delaware | $48,807 | $23 |
| 15 | Indiana | $48,656 | $23 |
| 16 | Arkansas | $48,247 | $23 |
| 17 | Arizona | $48,099 | $23 |
| 18 | Louisiana | $47,836 | $23 |
| 19 | South Carolina | $47,456 | $23 |
| 20 | Kentucky | $47,254 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | DialAmerica | $55,610 | $26.74 | |
| 2 | New York Life Insurance | $54,339 | $26.12 | 107 |
| 3 | Ideal Concepts | $53,456 | $25.70 | 1 |
| 4 | Assurance | $52,900 | $25.43 | 4 |
| 5 | SelectQuote Insurance Services | $52,586 | $25.28 | |
| 6 | Asurea | $52,394 | $25.19 | 90 |
| 7 | Healthcare Solutions Team | $52,166 | $25.08 | |
| 8 | The American Insurance Company Corp | $50,859 | $24.45 | 1 |
| 9 | GoHealth | $50,777 | $24.41 | |
| 10 | Health Benefits Direct | $49,451 | $23.77 | |
| 11 | Alera Group | $49,451 | $23.77 | 1 |
| 12 | Valdez International | $49,408 | $23.75 | |
| 13 | Group1001 | $49,391 | $23.75 | |
| 14 | Awl | $49,254 | $23.68 | 3 |
| 15 | Gardner Village | $49,158 | $23.63 | 4 |
| 16 | MaidPro | $49,142 | $23.63 | |
| 17 | Aimbridge Hospitality | $48,847 | $23.48 | |
| 18 | Rockstar Games | $48,304 | $23.22 | |
| 19 | Connexion Point | $48,065 | $23.11 | |
| 20 | AnswerNet | $47,705 | $22.94 |
A good health insurance agent job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a health insurance agent job description:
There are various strategies that you can use to find the right health insurance agent for your business:
Recruiting health insurance agents requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best health insurance agent candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a health insurance agent comes with both the one-time cost per hire and ongoing costs. The cost of recruiting health insurance agents involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of health insurance agent recruiting as well the ongoing costs of maintaining the new employee.
Health insurance agents earn a median yearly salary is $49,934 a year in the US. However, if you're looking to find health insurance agents for hire on a contract or per-project basis, hourly rates typically range between $16 and $34.