- 190
Do any individual carriers offer a discount if premium is paid 1 year in advance?
Yearly Discount?
- Thread starter Krono
- Start date
- Staff
- #2
- Thread starter
- #3
- 190
Uh...this is in the Individual Health Insurance Forum Section.
You know, the usual suspects...Unicorn, BC/BS, Humana, GR, Celtic, Assurant & Aetna.
- Staff
- #4
- 11,280
Are talking about 2 years in advance or just paying one annual premium?
- Thread starter
- #6
- 190
1 annual.
BTW...I checked w/Unicorn. They will take an annual payment via cc, but no discount...12 x monthly...
- 11,280
Thats wierd. I "assumed" that it would be cheaper to pay annual. SOme of my senior market companies are like that.
- 901
Would you stop pacing up and down for a second and listen to me?
Well, ok never mind.
Yes, those companies DO take annual payments, but no discounts (that I know of).
Why?
The discounts have to be made up for with ROI on the dollars collected up front. Returns are so miserably low that companies were actually losing $$ by encouraging people to pay 12 months up front by offering a discount. If they offered a realistic discount, nobody would jump on it, so they just basically blew it off.
Of course, I'm sure they might be willing to cut your commish in order to provide greater discounts.
- 11,280
Of course, I'm sure they might be willing to cut your commish in order to provide greater discounts.
I would LOVE that!!
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