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Specialized Insurance - US

Published by: Mintel International Group Ltd.

Published: Aug. 1, 2009 - 114 Pages


Table of Contents


Scope and Themes

What you need to know

Consumer survey data

Online surveys

Greenfield Online

Experian Simmons National Consumer Studies

Advertising Creative

Abbreviations and terms

Abbreviations

Terms



Executive Summary

Industry overview




Competitive Context

Key points



Marketing Channels

Key points

Most receive specialized insurance products through their employers

Figure 1: How obtained specialized insurance, May 2009

Figure 2: How obtained specialized insurance obtained on your own, May 2009

Obtaining vision insurance

Figure 3: How obtained vision insurance, by gender and age, May 2009

Figure 4: How obtained vision insurance, by HH income, May 2009

Figure 5: How obtained vision insurance, by employment status, May 2009

Figure 6: How obtained vision insurance obtained directly, May 2009

Figure 7: Who pays the vision insurance premium, by age, May 2009

Figure 8: Who pays the vision insurance premium, by HH income, May 2009

Figure 9: Who pays the vision insurance premium, by employment status, May 2009

Obtaining dental insurance

Figure 10: How obtained dental insurance, by gender and age, May 2009

Figure 11: How obtained dental insurance, by HH income, May 2009

Figure 12: How obtained dental insurance, by employment status, May 2009

Figure 13: How obtained dental insurance obtained directly, by gender, May 2009

Figure 14: Who pays the dental insurance premium, by age, May 2009

Figure 15: Who pays the dental insurance premium, by HH income, May 2009

Figure 16: Who pays the dental insurance premium, by employment status, May 2009

Obtaining prescription drug insurance

Figure 17: How obtained prescription drug insurance, by gender and age, May 2009

Figure 18: How obtained prescription drug insurance, by HH income, May 2009

Figure 19: How obtained prescription drug insurance, by employment status, May 2009

Figure 20: How obtained prescription drug insurance product obtained directly, by gender, May 2009

Figure 21: Who pays the prescription drug insurance premium, by gender and age, May 2009

Figure 22: Who pays the prescription drug insurance premium, by HH income, May 2009

Figure 23: Who pays the prescription drug insurance premium, by employment status, May 2009



Market Drivers

Key points

Changes in age of U.S. population

Figure 24: U.S. population and projections for speciality insurance products, by age, 2002-12

Employment of the U.S. population

Figure 25: Unemployment rate of the U.S. population, January 1999-June 2009



Leading Companies

Key points

Blue Cross/Blue Shield leads in vision insurance

Figure 26: Vision insurance provider, by gender and age, May 2009

Figure 27: Vision insurance provider, by employment status, May 2009

BCBS also leading insurer for dental insurance

Figure 28: Dental insurance provider, by gender and age, May 2009

Figure 29: Dental insurance provider, by employment status, May 2009

UnitedHealthcare/AARP is runner up for prescription drug insurance

Figure 30: Prescription drug insurance provider, by gender and age, May 2009

Figure 31: Prescription drug insurance provider, by employment status, May 2009



Brand Qualities

Key points

Blue Cross Blue Shield delivering high consumer satisfaction

Figure 32: Results from J.D. Power & Associates 2009 National Health Insurance Study



Innovation and Innovators

Key points

Aetna has been an active developer of new products for dental insurance

Humana launches new products and makes headway with social media

UnitedHealthcare’s Golden Rule Insurance

BCBS in MD emphasize preventive care

Guardian Insurance makes costs of dental services more transparent



Advertising and Promotion

Key points

Overview

Dental, vision and prescription drug plan insurance - e-mail marketing

Figure 33: Dental Insurance from ALL Care e-mail advertisement, June 2009

Figure 34: Dental Insurance from DentalPlans.com e-mail advertisement, June 2009

Figure 35: Dental Insurance from AmeriPlan e-mail advertisement June 2009

Figure 36: Dental Insurance from AmeriPlan e-mail advertisement, June 2009

Dental insurance - print ads

Figure 37: Delta Dental Insurance print advertisement, August 2008

Figure 38: Southwest Dental Group Dental Insurance print advertisement, April 2008

Figure 39: Blue Cross/Blue Shield of Kansas City print advertisement, May 2007

Prescription drug coverage for retirees and the self-employed - direct mail

Figure 40: Blue Cross/Blue Shield direct mail advertisement, November 2008

Figure 41: UnitedHealthOne from Golden Rule Insurance Company, direct mail advertisement, November 2008

Figure 42: AARP Essential Premier health Insurance from Aetna Life Insurance Company direct mail advertisement, April-July 2008

Figure 43: AARP Essential Premier health Insurance from Aetna Life Insurance Company direct mail advertisement, November 2008-March 2009

Prescription drug coverage as Medicare Part D Supplement - direct mail

Figure 44: SMARTChoices Spring 2008 Newsletter from UnitedHealthCare Insurance Company, March 2008- October 2008

Figure 45: UnitedHealthcare Insurance direct mail advertisement, December 2007

Informing seniors about the coverage gap - direct mail

Figure 46: Blue Cross/Blue Shield of Minnesota direct mail Advertisement, September 2007

Figure 47: OSF HealthPlans direct mail Advertisement, October 2007

Figure 48: UnitedHealth Rx Newsletter, June -July 2007

Prescription drug coverage - print ads

Figure 49: Medica Health Plans print advertisement, March 2009

Figure 50: Universal Health Care Insurance Company print advertisement, March 2009

Figure 51: SecureHorizons MedicareDirect health Plan from UnitedHealthcare Insurance Company print advertisement, March 2009

Figure 52: Aetna Life Insurance Company print advertisement, December 2008

Figure 53: Humana health Insurance print ad, November 2008

Dental insurance - TV commercials

Figure 54: Woman gives reasons why dental hygiene is important, 2008

Figure 55: Animated family wants to save money on dental care, 2009

Figure 56: Woman eats marble and not popcorn, 2009



The Consumer - Dental and Vision Insurance

Key points

Ownership of dental and vision insurance

Figure 57: Types of specialized insurance owned and whether consulted professionals in past year, October 2007-December 2008

Figure 58: Types of specialized insurance owned and whether consulted professionals in past year, by gender and age, October 2007-December 2008

Figure 59: Types of specialized insurance owned and whether consulted professionals in past year, by ethnicity, October 2007-December 2008

Figure 60: Types of specialized insurance owned and whether consulted professionals in past year, by HH income, October 2007-December 2008



The Consumer - Prescription Eyewear

Key points

Incidence of wearing prescription eyewear

Figure 61: Percentage of respondents who wear prescription eyewear, October 2007-December 2008

Figure 62: Percentage of respondents who wear prescription eyewear, by gender and age, October 2007-December 2008

Figure 63: Percentage of respondents who wear prescription eyewear, by ethnicity, October 2007-December 2008

Figure 64: Percentage of respondents who wear prescription eyewear, by ethnicity and income, October 2007-December 2008

Types of prescription eyewear worn

Figure 65: Types of prescription eyeglasses or contact lenses worn, October 2007-December 2008

Figure 66: Types of prescription eyeglasses or contact lenses worn, by gender, October 2007-December 2008

Figure 67: Types of prescription eyeglasses or contact lenses worn, by age, October 2007-December 2008

Figure 68: Types of prescription eyeglasses or contact lenses worn, by ethnicity, October 2007-December 2008

Figure 69: Types of prescription eyeglasses or contact lenses worn, by household income, October 2007-December 2008

Types of eyewear purchased in the past 12 months

Figure 70: Whether bought prescription eyeglasses or contact lenses in last 12 months, October 2007-December 2008

Figure 71: Types of prescription eyeglasses or contact lenses bought in last 12 months, October 2007-December 2008

Figure 72: Types of prescription eyeglasses or contact lenses bought in last 12 months, by gender, October 2007-December 2008

Figure 73: Types of prescription eyeglasses or contact lenses bought in last 12 months, by age, October 2007-December 2008

Figure 74: Types of prescription eyeglasses or contact lenses bought in last 12 months, by ethnicity, October 2007-December 2008

Figure 75: Types of prescription eyeglasses or contact lenses bought in last 12 months, by household income, October 2007-December 2008



Retail Stores - Eyewear

Key points

Figure 76: Outlet where prescription eyeglasses or contact lenses were purchased in the past 12 months, October 2007-December 2008

Figure 77: Outlet where prescription eyeglasses or contact lenses purchased in the past 12 months, by gender, October 2007-December 2008

Figure 78: Outlet where prescription eyeglasses or contact lenses purchased in the past 12 months, by age, October 2007-December 2008

Figure 79: Outlet where prescription eyeglasses or contact lenses purchased in the past 12 months, by ethnicity, October 2007-December 2008

Figure 80: Outlet where prescription eyeglasses or contact lenses purchased in the past 12 months, by household income, October 2007-December 2008



The Consumer - Prescription Drugs and Insurance

Key points

Figure 81: Percentage of respondents who have taken prescription drugs in last 12 months, October 2007-December 2008

Figure 82: Percentage of respondents who have taken prescription drugs in last 12 months, by gender, October 2007-December 2008

Figure 83: Percentage of respondents who have taken prescription drugs in last 12 months, by age, October 2007-December 2008

Figure 84: Percentage of respondents who have taken prescription drugs in last 12 months, by ethnicity, October 2007-December 2008

Figure 85: Percentage of respondents who have taken prescription drugs in last 12 months, by household income, October 2007-December 2008

Incidence of prescription drug insurance coverage

Figure 86: Ownership of prescription drug insurance, by gender, May 2009

Figure 87: Ownership of prescription drug insurance, by age, May 2009

Figure 88: Ownership of prescription drug insurance, by HH income, May 2009

Figure 89: Ownership of prescription drug insurance, by employment status, May 2009



The Consumer - Attitudes Towards Health, Diet and Nutrition

Key points

Figure 90: Attitudes towards medicines, October 2007-December 2008

Figure 91: Attitudes towards health, October 2007-December 2008

Figure 92: Attitudes towards diet and health, October 2007-December 2008



The Consumer - Attitudes Towards Specialized Insurance

Key points

Consumer attitudes towards specialized insurance

Figure 93: Attitudes towards specialized insurance coverage, summary of top two boxes (strongly agree/agree), by gender, May 2009

Figure 94: Attitudes towards specialized insurance coverage, summary of top two boxes (strongly agree/agree), by age, May 2009

Figure 95: Attitudes towards specialized insurance coverage, summary of top two boxes (strongly agree/agree), by HH income, May 2009

Figure 96: Attitudes towards specialized insurance coverage, summary of top two boxes (strongly agree/agree), by employment status, May 2009



APPENDIX: SIMMONS MOSAIC ANALYSIS

Figure 97: Whether have specialized insurance, consulted with professional, and wear eyeglasses/contact lenses, October 2007-December 2008

Figure 98: types of prescription eyeglasses or contact lenses worn, October 2007-December 2008

Figure 99: types of prescription eyeglasses or contact lenses bought in last 12 months, October 2007-December 2008

Figure 100: Outlet where prescription eyeglasses or contact lenses purchased in the past 12 months, October 2007-December 2008

Figure 101: Whether have taken prescription drugs in last 12 months, October 2007-December 2008



APPENDIX: OTHER USEFUL CONSUMER TABLES

Figure 102: Vision insurance provider, by HH income, May 2009

Figure 103: Dental insurance provider, by HH income, May 2009

Figure 104: prescription drug insurance provider, by HH income, May 2009



APPENDIX: TRADE ASSOCIATIONS


Abstract

Not only is health care and its attendant costs a number-one concern in the country at the present time, but different forms of government-sponsored health insurance for those who are uninsured are also being considered.

Companies may want to consider the opportunity to align seniors with specialized insurance packages that include vision and dental. The best way to reach seniors would be through direct mail efforts targeted to these households. Many seniors have become well versed in selecting their own insurers for Part D coverage, which is typically done through a personal call to the insurance company or agent. For this reason, there would be a certain comfort level among those 65+ to seek out insurers for this type of coverage. However, any communications through the internet may not resonate as this group is not reliant on the internet for information. Although Walmart, Target and Walgreens have new on-site programs that provide vision and dental services, seniors are the least interested of all in pursuing this channel.



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