8/21/2025
The Licensing Problem
Licensed insurance brokers must:
- Pass state exams and background checks.
- Stay current with continuing education requirements.
- Follow strict compliance and ethical guidelines.
Many people promoting HealthShares have no such licensing or oversight. This means:
- No regulatory body is holding them accountable.
- No guarantee you’re getting accurate information.
- No protection if they misrepresent the product.
Why It Matters to You
Working with an unlicensed seller can lead to:
- Buying something that doesn’t meet your needs.
- Unexpected coverage gaps when you need care.
- Financial loss from uncovered medical bills.
How to Protect Yourself
- Ask for Their License Number – Every licensed broker can provide this on request.
- Verify It – You can check broker licenses through your state’s Department of Financial Services or Department of Insurance.
- Know the Difference – Understand whether you’re being offered insurance or a HealthShare membership.
Final Thought: When it comes to your health and finances, trust matters. Always confirm you’re working with a licensed insurance professional who can explain all your options—without bias or hidden agendas.
Want guidance from a licensed health insurance broker? Call (716) 503-1113 for a free consultation.