What providers will want

By Joseph Iannicelli
|Canadian HR Reporter|Last Updated: 03/25/2003

Any time an insurance carrier is contacted about the possibility of taking on a new plan the first thing they look for is a detailed list of plan specifications.

From those specifications, the carrier completes a pricing quote with rates based on the existing plan’s experience (premiums versus paid claims) and demographics (gender, average age).

Aside from these details, to more accurately reflect the risk and assess potential customer needs, the carrier may ask for additional information such as: