A significant majority of our fully insured small groups (2-50 lives) renew in the 4^th Quarter. The Renewal Notices are typically released ~ 60 days before the anniversary date, but our clients are eager to start budgeting for the new year.

We’ve been reviewing our October 1 and November 1 renewals. Assuming they’re predictive of what’s coming, picture this ‘Carnac’ holding the “hermetically sealed” envelope to his forehead, and saying;

“What is 7%?”

The question inside of course is, “Average premium increases this year.”

That kind of material would get the real Carnac the hook! Maybe from our clients, we’ll garner a smattering of applause.

Let’s try another.

During this same time frame, 100% of our individual health insurance policyholders (under age 65) will receive their January 1 renewal offers. Rates for 2022 have been filed but are kept under wraps until late October.

But ‘Carnac’ is “all knowing.” Holding a second envelope, he “divines” this answer:

“Tips’ popularity premiums for 2022.”

The question inside: “What will be down 4%?”

Hey! You think this is easy?

For eight minutes of real laughs, click HERE.