Post on 24-Jun-2015
MY HONORS PROJECT INTERVIEWWith David Riddle
RIDDLE HEALTH INSURANCE
RIDDLE HEALTH INSURANCECompany Selection
COMPANY SELECTION
Riddle Health InsuranceLocated in Tampa Florida
www.riddlehealthinsurance.com
RIDDLE HEALTH INSURANCEWhat The Company Offers
Multitude of health insurance options. Preferred Provider Organization Point of Service Fee For Service plans
Different types of health insurances Individual and family Medicare supplemental Dental insurances Life insurance Disability insurance Hospital and surgical gap Accidental policies
WHAT RIDDLE HEALTH INSURANCE OFFERS
RIDDLE HEALTH INSURANCEOwner’s Bio-Data
OWNER’S BIO-DATA DAVID OWEN RIDDLE
Education: Montana State University, Havre MT B.S. Elementary Education Bloomington High School South, Bloomington, IN Diploma
Certification: 2006 - Health and Life Insurance License
Accomplishments: 2008 – Sold over 1.3 million dollars worth of health insurance policies 2000-2005 - Increased company sales revenue from 1.2 Million to 3.8 Million 1998 - Instrumental in negotiating the start up of a 700 seat call centers and the creation of 500
additional jobs by renovating and upgrading an old mall.
Work Record: Owner Riddle Health Insurance 10/09-Present Regional Manager USA Benefits Group 04/10-Present District Manager/ Affiliated Health Insurers 07/06-04/10
Insurance Agent Manufacturer Representative/ Delta Computer Systems 02/00 -04/05
Regional Sales Manager Real Estate Broker Coldwell Banker/REMAX 06/91-02/00
RIDDLE HEALTH INSURANCEInterview Questions
INTERVIEW QUESTIONS Riddle Health Insurance Company is a sole
proprietorship. Why did you decide to take this risk over deciding to have a partnership or a corporation?
What capital goods did you invest into your company? Does the use of technology have an impact on your
costs and the supply of health insurance policies you offer?
Being that many people were no longer carried under Large Employer Group Health Insurance, what impact did the recession and rising unemployment have on demand of individual policies?
Considering our government’s new health reform bill, do you believe the private sector will lose consumer sovereignty over health insurance?
RIDDLE HEALTH INSURANCEInterview With David Riddle
INTERVIEW WITH DAVID RIDDLE
INTERVIEW WITH DAVID RIDDLE
Why take the risk by choosing to have a sole proprietorship over a partnership or corporation?
INTERVIEW WITH DAVID RIDDLE
There was no benefit in paying taxes twice with a C-Corporation.
There are the same deductions for either one, the LLC or the personal—or “sole proprietorship”
The same tax deductions There has to be over three
million in sales
INTERVIEW WITH DAVID RIDDLE
Capitol goods are needed?
INTERVIEW WITH DAVID RIDDLE
A thousand dollars to get everything started.
One Needs:A LicenseOffice equipment
Computer Fax machine Printer
INTERVIEW WITH DAVID RIDDLE
The impact that the Internet and technology has on costs and supply of health insurance policies?
INTERVIEW WITH DAVID RIDDLE
It is the vehicle of choice now
Web and Internet marketing and sales is going to have a huge impact
More and more people are using the internet”
It’s going to increase your sales
In every industry it’s going to affect how things are bought and sold
INTERVIEW WITH DAVID RIDDLE
Change in demand for individual policies due to recession and unemployment?
INTERVIEW WITH DAVID RIDDLE
It actually increased demand People have lost their health
insurance through their company or through unemployment
They still want to be able to insure their families
It actually increased our prospects
INTERVIEW WITH DAVID RIDDLE
Will the private sector lose consumer sovereignty over health insurance because of our government’s new health reform bill?
INTERVIEW WITH DAVID RIDDLE That’s the biggest fallacy or
misrepresentation In no way, shape, or form was
the government actually going to take over the health insurance business
Huge number of increased business for private companies
Health insurance in the private sector in this market is going to gain a thousand folds new customers
RIDDLE HEALTH INSURANCEWhat I Learnt So Far…
WHAT I LEARNT SO FAR
David Riddle is knowledgeable about : business, the law, and supply and demand of his
product. Corporations must make a certain amount of profit
to benefit from being a corporation. Computer technology is important to our economy
More people of all ages conduct business through this means.
Government intervention can increase consumer sovereignty in the private sector. Consumers will be forced to carry insurance
However There is great potential for customers and their
demands to control: what is offered in the market costs
RIDDLE HEALTH INSURANCEWorks Cited
WORKS CITED
Riddle, David. “David R Resume.” Message to the author. 12 June 2010. E-mail.
Riddle, Jean. Telephone interview. 12 June 2010.
Riddle Health Insurance: Answering the Riddles of Health. Riddle Health Insurance,2009. Web. 5 June 2010. <http://www.riddlehealthinsurance.com/>.