FAQ--Free Mid-Market Survey

FAQ (Frequently Asked Questions)

Who is 7Company® LLC? 

7Company LLC is a 100% woman-owned business representing a consortium of healthcare professionals dedicated to providing education and services that enhance wellness in the workplace. 

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 employees.  Our areas of specialty range from employee benefits consulting to commercial property casualty, retirement plan services, safety and loss control, bonding, risk management, claims management, HR compliance, and wellness programs.     

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 other Survey Participants both Locally and Nationally over the last two years covering the following:

• 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 900 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 showing actuarial evaluations is available to clients of The Insurance Exchange 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. 

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: Washington/Baltimore Mid-Market Health Benefits
 

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 2009 survey pre-populated with your responses from last year (or 2007 if that’s when you last completed the survey). 

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 2009 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. 

To participate in the aggregated results for the Washington/Baltimore area and the seminar presentation, you need to have your response in by July 15, 2009. 

Who can I contact if I have questions?

Tobin Seven

The Insurance Exchange, Inc.
9713 Key West Avenue, Suite 401
Rockville, MD 20850

To take survey: Washington/Baltimore Mid-Market Health Benefits