Self-Insureds Report Difficulties In Getting Quotes, Closing Claims
Self-insured health plans are finding it harder to get insurance quotes and to settle claims, a survey has found.
Preliminary survey results found the majority of respondents had changed quoting relationships two or three times this year, yet received fewer quotes on average, according to Jack Zoeller, president of AtlantiCare, Inc., who discussed the study here at the Self-Insurance Institute of America’s annual meeting.
In addition, more underwriters declined to quote and there was an upturn in claims disputes, Zoeller noted.
The “2001 Stop-Loss Industry Survey” was mailed recently to 600 firms representing a wide assortment of players in the self-insurance business, including third-party administrators, brokers, reinsurers and consultants, according to Zoeller.
He said the survey would be concluded online at the Vienna, Va.-based managing general underwriters Web site at the end of this month (www.AtlantiCare.com). AtlantiCare specializes in medical and life insurance benefits for employer groups.
Zoeller said 56% of respondents reported changing two or more quoting relationships this year, yet one-third of the respondents reported getting two or fewer quotes on average because underwriters declined to quote, a trend noted by 95% of those responding.