Our goal is to help create a better benefits plan – a plan that saves money and meets your business and employee needs. The way we do that is to gather basic information about people, plan(s) and pricing. Understanding your current plan designs and rates helps us work with quality carriers to create a plan design that meets your needs at the lowest possible cost.

What are insurers looking for, and why?

• Age: Insurers factor in age when calculating the cost of premiums. The average age of your group can affect the total cost of your premiums.
• Health: Healthy people use less healthcare. Number and type of health issues can impact premiums.
• Number of covered employees: Spreading risk over a larger group can help lower premiums. The total number of employees and dependents can impact rates.
• Claims History: For larger groups, claims history can affect rates. The total number and cost of claims play a role in determining required health plan premiums. Smaller groups often don’t have access to this information – we’ll work with what you have.
• Plan Design: Just as no two groups are the same, no two group health plans are the same. Health plans can vary in terms of the level and type of coverage they offer. Some plans focus on preventive care, with $0 copays to encourage easy, no cost access for healthy decisions. Others are catastrophic coverage only.
• Complete Information: The information we ask you for helps assess risk and develop accurate pricing. Providing the information an insurer needs to accurately assess risk allows the underwriter to avoid building in extra premium cost to make up for gaps in information.