Do you or your company engage in researching and pulling quotes and benefit information from rate sheets and quoting engines on a schedule that is anything other than monthly?
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| Monitoring rates semi-annually leaves you at a serious disadvantage.
Do you or your company engage in researching and pulling quotes and benefit information from rate sheets and quoting engines on a schedule that is anything other than monthly?
Here's a few statistics based on historical data from monitoring select statistical areas across all 50 states.
- 80% of the insurers adjust rates semi-annually.
- 50% additionally adjust rates quarterly.
- 20% additionally adjust rates in an ad-hoc manner.
Rate changes are happening every month. If you are not monitoring rate changes on a monthly basis then your competitors can and will capitalize on windows of opportunity to obtain your subscribers.
Monitoring rates monthly allows you to react to changes in the market that have the potential to result in lost subscribers.
Learn More About Plan Pricing & Benefits Competitive Intelligence. Visit us at the AHIP Fall Conference in Chicago.
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The Oxlo Insight Team
303-285-2408
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AHIP 2011 Fall Conference
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Oxlo provides strategic individual health insurance pricing and benefits competitive intelligence data and services to Health Plans.
Oxlo is an affiliate organization supporting member of America's Health Insurance Plans (AHIP), the national trade association representing the health insurance industry.
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