The Insurance Exchange

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Survey FAQ 2010

 

Frequently Asked Questions

 

What information will I receive by participating in the survey?  

You will receive a FREE Individual Custom Report (ICR) with Summary of results showing your plan(s) benchmarked to 4,848 other employer survey Participants locally and nationally over the last two years covering the following:

 

 

§  Deductibles                                                                       

§  Office Visit Copayments 

§  Retail Prescription Drug Copayments 

§  Medical Plan Cost Increases 

§  Monthly Premiums (Single/Family) 

§  Monthly Employee Contributions (%)

             (Single/Family) 

§  Wellness Initiatives  

§   Other Benefits Offered 

 

This report will give you invaluable information as you go to make strategic benefit planning decisions in this tough economy.

  

Is other more detailed information available? 

Yes!  The survey contains 35 questions and over 1,000 different data elements.  Due to printing and timing limitations during the data collection process, we are unable to distribute all of these initially so we have selected the most frequently requested items for the FREE Individual Custom Report given to all Survey Participants.  Additional information is available and may be requested based on your specific needs.

 

Will my information remain private?  

We take your privacy very seriously and take every precaution to ensure your trust is not violated.  Your information is confidential, and we do not share your specific results with anyone but you.  All information is aggregated and de-identified when shared publicly.  Additionally, all information sent through the Internet is secured though password protection and firewall security.  

 

Is the survey easy to complete? 

 Yes!  We hired a highly respected actuarial consulting firm with national experience in this area to produce a survey that is quick and easy to navigate.  You can complete the survey online in an average of about 30 - 60 minutes. 

 

Before you begin, you will need the following information available on hand:

  • Plan designs for all health and welfare plans (typically found in your Summary Plan Description)
  • Total monthly premiums (or budgeted rates), employee contributions (monthly dollar amounts) and enrollment for your plans
  •  Vacation, wellness, third party disease management, voluntary benefits, leaves of absence and other miscellaneous benefits you offer 

Additionally, if you need to take a break, the survey allows you to save your results and come back to them later.  This feature is useful if you have to stop before you answer all of the questions or if you want to return to the survey to change an answer you previously entered. 

 

Each subsequent year, you can just log in and update your answers from the prior year which should only take 5 to 10 minutes, and recieve the FREE Individual Custom Report (ICR). 

  

How can I participate and when will I receive my results?  

If you would like to participate, you can obtain access by doing the following:

 Go to :1. For returning participants - Open the survey site and click on Returning User? Please click here.'  to the enter the login area.  Then, enter the e-mail address you entered last year and the password tie-inc in the appropriate boxes.  This will take you directly into the 2010 survey pre-populated with your responses from last year (or 2008 if that's when you last completed the survey). 

https://2010survey.millimanomaha.com/survey/246792/f6c1/?LQID=1&b=TIE

 

2. For new participants - Open the website and go to the main login area.  To login, create a new account by entering your company name, e-mail address, password, and confirm password information in the boxes below the label, ‘Never taken the survey? Sign up for a New Account below.'  Once your account is established, you will enter the 2010 survey and have ongoing access to your survey if you need to finish/modify your responses at a later time.  Please note that all e-mail addresses within the survey database are unique to your response.

 

Note:  E-mail addresses are necessary in order for respondents to save and view responses at a later time.  We do not use e-mail addresses for any other purpose.

 

We will be offering a pre-recorded webinar throughout the summer, where you can view the survey results.

The survey results webinar was recorded on May 21, 2010.  

Presenters were Joseph Buyalos, The Insurance Exchange - Partner & Employee Benefits Practice Leader and Scott King, Milliman - Vice President.

 

  

Who can I contact if I have questions?  

Rebecca Fuller,

The Insurance Exchange, Inc.

9713 Key West Avenue, Suite 401

Rockville, MD 20850

Phone: 301-545-1569

E-mail: fuller.r@tie-inc.com

 

 

Who is The Insurance Exchange? 

The Insurance Exchange, Inc. is a large regional, boutique style high-service insurance brokerage and consulting firm focused on the Middle Market, defined as employers 50 to 5,000 emplyees. Our areas of specialty range from employee benefits consulting to commercial property casualty, retirement plan services, safety and loss control, bonding, risk management, HR compliance, and wellness programs.


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