Array Bulletin: Service & Market Updates for August 2008
We hope you have enjoyed your summer and are looking forward to year-end. Over the next several weeks we will be sending you additional updates and tools to help you sell our service.
New Array Office
Our new address is:
200 West Mercer Street Suite E 507 Seattle, WA 98119
We have moved to a larger office space to accommodate our recent growth. The new office is in lower Queen Anne. If you are ever in the area, please feel free to drop by.
New AARP Survey on WA Businesses and Health Benefits
In June the AARP published a survey entitled, "Condition Critical: A Survey of Washington Businesses about the Future of Employee Health Care Benefits." The survey was of over 400 Washington businesses equally segmented and weighted by employee population size.
The survey collected the following information by employer size about the average monthly cost of health insurance for single coverage.
We were surprised to learn small businesses are paying approximately 75% more for their health coverage than mid-sized businesses. With the economy moving towards recession, it is imperative that small businesses have access to affordable options.
New Commission Reporting Feature
Brokers who use Array are the Broker of Record on all policies generated through our platform. Brokers keep all carrier commissions, typically 7.5 - 8% on individual coverage.
We have released a new tab on the broker administration portal where brokers can view estimated carrier commissions segmented by employer and policy.
This report can help brokers ensure that they are compensated appropriately by insurance carriers for business generated through Array.
If you have questions or requests, please don't hesitate to give us a call.
Sincerely,
Christopher Moneta
Director of Sales
1-800-640-7086
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