AI TOOL PROFILE
PerfectQuote: Group Benefits Quoting Platform
- Finance and Accounting
- Insurance Quoting
- Insurance brokers
- General agents
- Group benefits specialists
- Benefit agencies
Pricing
Plans start at $141 per user per month for ACA. Higher tiers include ACA+ at $217 and Flagship at $272. Enterprise pricing is available upon request and requires a 2-year commitment with a 2-user minimum.
At a glance
- Best for
- Insurance brokers, General agents, Group benefits specialists, Benefit agencies
- Key use cases
- Group Health Insurance Quoting, Benefit Renewal Processing, Supplemental Health Inclusion, Carrier RFP Management
- Integrations
- BenefitPoint, Employee Navigator
- Official website
- Visit perfectquote official website
How AI is used
PerfectQuote is a quoting platform for insurance brokers and general agents. It supports benefits including medical, dental, vision, life, disability, and supplemental health plans across all 50 states.
The software is designed to support Request for Proposals (RFPs) and plan comparisons. It includes a Proposal Reader that scans data from over 400 carrier formats, which may reduce manual data entry during the renewal process.
For agencies, the tool supports contribution modeling and the generation of customized spreadsheet presentations for clients. It also integrates with specific agency management and benefit administration systems.
Buyers should confirm that the software requires a specific onboarding period and typically involves multi-year contract commitments. The platform does not support ICHRA, stop-loss, or self-funded plans.
Key Features
Proposal Reader
Scans and extracts plan details and rates from over 400 carrier proposal formats.
RFP Workflows
Supports the creation, transmission, and tracking of carrier requests within the platform.
Plan Comparisons
Supports the comparison of medical, ancillary, and supplemental health benefits across different carriers.
Contribution Modeling
Tools to model employer and employee contributions for benefit plans.
Customized Presentations
Generates client-facing spreadsheets with options for agency branding.
Use Cases
Group Health Insurance Quoting
Quoting and comparing medical, dental, and vision plans for groups of various sizes.
Benefit Renewal Processing
Managing the annual renewal cycle by using the Proposal Reader to compare new carrier quotes.
Supplemental Health Inclusion
Including accident, critical illness, and hospital indemnity plans in client presentations.
Carrier RFP Management
Sending census files and plan requests to carriers and organizing responses in one platform.
Integrations
- BenefitPoint
- Employee Navigator
FAQ
What is the PerfectQuote Proposal Reader?
- It is a tool designed to scan carrier proposal files and SBCs to extract plan details and rates, which may reduce manual data entry.
Does PerfectQuote offer a free trial?
- No, PerfectQuote does not offer a free trial as the platform requires specific training.
Which insurance plans are not supported by PerfectQuote?
- The platform does not support ICHRA plans, stop-loss, or self-funded plans.
What are the contract terms for PerfectQuote?
- Contracts are generally two-year commitments and typically require a minimum of two user licenses.
Source category: Finance & Accounting
Source subcategory: Insurance Quoting
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