Give them that information, and ask if there's anything you might have missed. If the lowest premium quoted to you comes from an insurer with a shaky financial record, consider going with a stronger company, even if the premiums are higher. If you're excited by your first few premium quotes, do a reality check to make sure that your final premiums will be within that range. Often, the first quote an insurer gives is based on scant information about the group, and almost never considers the health history. Unfortunately, it's not always reflective of the final premium, because it does not consider the group's health.
Employers see preliminary rates, and they are enticed.
So they make an application, and have 20 employees fill out health questionnaires, only to have the carrier respond that based on their applications, the final quote will be a 30 percent increase from the preliminary rate. Torrey tries to avoid that disappointment by having employers fill out full applications, including employee health histories, before she even looks for a preliminary quote. But if we can supply insurers with the details they like to see before offering a final premium quote, we can avoid disappointment. It's prudent to have some kind of generic application that we can send to different companies. What insurers want to know Once you're ready to apply for coverage, you'll need to complete a full application.