Medicare Supplement Product Development
We recognize the importance of speed to market when introducing a new Medicare supplement product. This package is designed to provide you with all of the essential analysis so that you can get to the market quickly and with confidence. The following services will be provided at a fixed cost dependent on the number of proposed states and plans.
High-level line of business pro forma model results
Initial draft premium rates for each state and plan
Competitive benchmarking for each state and plan ·
Participation in discussions with business partners such as reinsurer and marketer ·
Premium rate revisions based on discussions with business partners ·
Actuarial filing materials for submission to state departments of insurance and responses to questions from the state reviewers ·
Documentation necessary to support product implementation