- 102
Hi all:
I have been reading about all who carve out dependents to individual plans. When I quote group I never carve out individual because it increases the group's rate. The group has less premium dollars to spread over the risk. Also, the only dependents that sign up for group is the sick ones. Thus your initial rate will be higher and your renewal will be pretty high.
So my question is this. Do you explain to the business owner or decision maker that the group rates will be higher because you are carving out dependents and keeping the sick dependents on the plan?
Also, do you quote the group/individual carve outs together against just the group plan? Seems to me this would be fairly complicated.
Thanks,
Nesha Holmes
I have been reading about all who carve out dependents to individual plans. When I quote group I never carve out individual because it increases the group's rate. The group has less premium dollars to spread over the risk. Also, the only dependents that sign up for group is the sick ones. Thus your initial rate will be higher and your renewal will be pretty high.
So my question is this. Do you explain to the business owner or decision maker that the group rates will be higher because you are carving out dependents and keeping the sick dependents on the plan?
Also, do you quote the group/individual carve outs together against just the group plan? Seems to me this would be fairly complicated.
Thanks,
Nesha Holmes