A great deal of attention is being paid to the cost and options available to insure workers for health, dental and other medical coverage throughout the country, and for good reason.
In the property and casualty markets their is a cycle of pricing that ranges from "hard" or higher prices to "soft" or lower prices for coverage.
The market cycle in property and casualty insurance tends to look like a an economic chart with a rising and lowering line tracked by months and years.
The market cycle for health insurance follows a much different curve. It simply goes up! The degree of increase is what concerns employers and employees alike.
This is the reason InsurancePen is focused on the creation of health insurance groups. Our current focus is in the state of Michigan, but our goal is to create groups in other states soon.
InsurancePen has created two health insurance cooperative groups for the state of Michigan. The first group is for public entities, and the second focuses on small business employers. Our next focus for the state of Michigan will be creating industry specific health insurance groups and partnering with trade associations and others to bring employers together to create new health insurance solutions for their company.
Michigan's health insurance market has grown to become quite competitive over the last couple of years. The problem seems to be that employers do not have the time or resources to effectively search the health insurance marketplace.
InsurancePen is solving this issue by making it easy for the employer to enter their health insurance plan information wants, and use it many times with different insurance carriers to obtain their proposals. As a bonus, the groups that form on InsurancePen will be presented to insurance carriers for their consideration of volume discount pricing, or other alternative plan structures that are not available to individual companies.
Whether you are a private-sector or public sector employer, we hope that you get involved in our health insurance project in Michigan. There is not a lot to lose and plenty to gain.
You can get started today by going to our application section of the website, completing your forms and then joining the cost of buying groups that you wish to become a member of.
As always, you can call us directly with any questions or concerns related to your specific situation that you have.
