"Insurance" Posts

Ask the right questions.

Over the last 10 years, renewals in health insurance have varied from low single digit increases to the mid-twenties and as of recently, settling around 10 to 12 percent increases. The real concern is how can these increases be controlled and what questions should be asked to determine if an increase is warranted?

There are several factors that affect renewals in health care: trend, losses, demographics and location. Although most health insurers are calling “trend” around 10 percent, that is an extremely misleading number. The carriers will cite inflation and contract negotiations, as well as new …