{"id":39878,"date":"2020-01-16T15:13:40","date_gmt":"2020-01-16T23:13:40","guid":{"rendered":"https:\/\/clearbenefits.ca\/?p=39878"},"modified":"2020-01-16T15:13:40","modified_gmt":"2020-01-16T23:13:40","slug":"why-ask-for-detailed-quote-information","status":"publish","type":"post","link":"https:\/\/clearbenefits.ca\/why-ask-for-detailed-quote-information\/","title":{"rendered":"Why Ask For Detailed Quote Information?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Why we need detailed quote information from your current plan?<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><em>Detailed Quote Information tells us a story, enabling us to create the right solution<\/em><\/h4>\n\n\n\n<p>Getting involved in a&nbsp;<a href=\"https:\/\/clearbenefits.ca\/\">Group Benefits<\/a>&nbsp;program is different than purchasing a commodity.<\/p>\n\n\n\n<p>Most consumers are familiar with purchasing commodities and supplies on a one-time transactional or for a set period or services. If the customer chooses to change suppliers, their usage and buying patterns have no bearing on the pricing with the next supplier.<\/p>\n\n\n\n<p>Group Benefits are like auto, home and commercial insurance where previous accident and\/or&nbsp;<a href=\"https:\/\/www.4autoinsurancequote.com\/blog\/why-your-claims-history-is-important-to-insurers\/\" target=\"_blank\" rel=\"noreferrer noopener\">claims history<\/a>&nbsp;follows the client to the new provider in order to properly assess risk. Providers will not quote on an unknown risk when the information is available.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What the information can tell us:<\/h3>\n\n\n\n<ul><li>Was the reason for a rate increase due to inflation trend, teaser rates or increased usage?<\/li><li>Resizing \/ layoffs \u2013 increased usage if staff are afraid of losing plan<\/li><li>Turnover \u2013 problem with the waiting period?<\/li><li>Affordability<\/li><li>Reduce unnecessary risk<\/li><li>Recent hiring<\/li><li>Plan design<\/li><li>Unusual high-value claims<br><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Why Do We Ask For Employee Information?<\/h3>\n\n\n\n<ul><li>Average age \u2013 is someone older than the termination age of our plan?<\/li><li>Province of residence \u2013 Each province has different medical plan coverage \u2013 as Extended Health&nbsp;plans pick-up where provincial plans leave off, rates are different per province<\/li><li>Dental rates are also different in each province<\/li><li>Family status \u2013 accurate pricing \u2013 esp. couples vs. family<\/li><li>Job description \u2013 if that occupation eligible for all benefits?<\/li><li>Employment Start Dates \u2013 long term staff or high turnover, recent hiring<\/li><li>Incomes are for 2 purposes \u2013 disability benefits &amp; measuring affordability<\/li><li>Hours worked \u2013 help create definition of \u201cpermanent full-time\u201d you want to provide coverage to<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Why Do We Ask For The Most Recent Renewal \u2013 Including Rates &amp; Claims?<\/h3>\n\n\n\n<ul><li>Creates understanding of your current situation<\/li><li>Can tell if you were provided artificially low \u201cteaser rates\u201d that may have created an unrealistic expectation of what your level of benefits should have cost.<\/li><li>Is this a 1st year renewal?<\/li><li>If a company changes providers frequently \u2013 why<\/li><li>Does the client have higher or lower than typical usage<\/li><li>Prior years experience tells us if there is an upward or downward claiming trend<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Billing Statement?<\/h3>\n\n\n\n<ul><li>Does the information match the employee information?<\/li><li>Do the volumes of coverage match the employee information?<\/li><li>Are there differences in the family status compared to the employee information?<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Booklet With Current Plan Design<\/h3>\n\n\n\n<ul><li>Has the plan kept pace with changing consumer trends?<\/li><li>Does it manage drug risk?<\/li><li>Is coverage over-weighted in some areas and need to be rebalanced?<\/li><li>Are there multiple classes of staff?<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Our objective is to provide you with enough information to help you make informed decisions, so that you can make the best long term choices for your business.<\/h3>\n\n\n\n<p><a href=\"https:\/\/clearbenefits.ca\/contact-us\/\">Get In Touch With Us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why we need detailed quote information from your current plan? Detailed Quote Information tells us a story, enabling us to create the right solution Getting involved in a&nbsp;Group Benefits&nbsp;program is different than purchasing a commodity. Most consumers are familiar with purchasing commodities and supplies on a one-time transactional or for a set period or services. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[15,6],"tags":[60,12,69],"_links":{"self":[{"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/posts\/39878"}],"collection":[{"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/comments?post=39878"}],"version-history":[{"count":0,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/posts\/39878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/media\/39925"}],"wp:attachment":[{"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/media?parent=39878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/categories?post=39878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clearbenefits.ca\/wp-json\/wp\/v2\/tags?post=39878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}