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Explaining Quartiles used in Benefits Basic Ranking.

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2 comments

  • Matt Lister

    Advisor Question: What does it mean when all three values are the same?

    CloudAdvisors Answer: When all three values are the same it means that all groups in the middle 50% of that sample size have the same value.  For example, if the value is $2500 then all groups between the 25th and 75th range have $2500.  It's important to remember this doesn't mean that all groups in the sample size have the same value as 25% of groups sit below the bottom and 25th above the upper.  In our example, it means that those groups have equal to or lesser than $2500 or equal to or greater than $2500 respectively.  It is important to consider relevant sample size and this may be an indication that your reporting sample size is not large enough.  The minimum sample size for a report is 5 but you can adjust industry, region and group size filters to increase sample size as needed.

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  • Matt Lister

    Advisor Question: Why are some rankings presented from high to low and others low to high?

    CloudAdvisors Answer: Rankings are presented from the perspective of perceived value to plan members (not necessarily value for employers).  The assumptions for plan member value are that more coverage is better and benefits that are easier to claim are more valuable.  By showing rankings in this manner an upper ranking row by row will reveal a pattern of higher perceived value to members across the report.

    Example:

    A benefit maximum, the total amount of eligible coverage is presented from low to high, ie. $3000, $4500, $6000

    An elimination or waiting period, the time required before a member is eligible to claim from high to low, ie. 120 days (bottom) to 112 days (upper) if applicable in that sample size.

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