Austin, TX Health Insurance Rate Changes in 2011
Posted by
Andrew Day on Mon, Nov 28, 2011 @ 03:17 PM
Business Intelligence Software Gives Insurance Companies Visibility Into the Austin, TX Market
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Business intelligence software for insurance companies gathers large amounts of data quickly and automatically. The data can be turned into information that is useful to everyone from procurement and sales through intelligence teams and executives.
The following rate change chart displays the overall health insurance rate changes for a 42 year old male in 78745 - Austin, TX over the course of 2011. The chart was produced quickly and easily from software for insurance companies.
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Insurer
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Month
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Change Detail
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Aetna
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April
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$1-$2 Increase
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July
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2.5% Increase
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October
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3% Increase
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Assurant
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Jan.-Dec.
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18% Increase
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Blue Cross Blue Shield TX
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April
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11% Increase
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Celtic
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April
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3% Increase
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July
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3.3% Increase
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October
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2.7% Increase
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Cigna
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April
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3% Increase
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July
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3% Decrease
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October
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3% Increase
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Companion
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May
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Left Austin
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Health Ins. Innovations
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April and August
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Changed Coverage
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Humana One
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Jan. - Dec.
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Rate changes almost every month (Net amounts included)
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$1-$2 Increase to HSA Plans
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13% Increase to Short Term Plans
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$1-$2 Increase to Copay Plans
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IHC Group
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Jan. - Nov.
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1% Increase Each Month
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December
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8% Decrease
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Scott and White
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April and December
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Changed Coverage
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Texas Health Pool
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May
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1.5% Increase
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United
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July
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2.3% Increase
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October
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1.2% Increase
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There were no companies in Austin that decreased rates overall during 2011. TX Health Pool had the smallest increase at 1.5%. Health insurance Innovations and Scott and White each made complete coverage overhauls twice this year. Assurant and Blue Cross Blue Shield Texas had the largest increase to their rates by a factor of 13% and 11% respectively from January to December.
You may be able to draw any number of conclusions from this data. This particular view merely describes the actual rate changes that occurred over the course of 2011. Business intelligence software for health insurance companies provides the facts that allow for the competitive insights that can be applied to marketing, sales, and executive management decisions.
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