In the wake of the Affordable Care Act, you might be struggling to effectively market your health insurance company. Health insurance advertising is now as competitive as it is expensive, which makes it a struggle for many marketers trying to navigate the industry amidst new laws and regulations.
If you want to learn more about how you can market your health insurance company online, keep reading, and give us a call at 888-601-5359.
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Let’s take a look at some of your options for health insurance advertising online:
Choosing which of these are right for your insurance company will require a thorough examination of your budget and goals. And if you want to maximize your return on investment, consider the following tips for health insurance advertising.
As you create your strategy, you should have separate campaigns for Medicare, Individual, and Group. This way, you can properly align your ads with the right audiences and tailor them to specific demographic needs.
If you use a PPC platform like AdWords, it’s also important to bid on and protect your brand name. Sometimes your competitors will bid on your brand and use it their advertisements in an attempt to lure customers searching for you by name. If this happens to you and your brand is trademarked, you can file a complaint.
Along the same lines, you should remember that using your brand name as a keyword is always wise. Many people who are ready to purchase insurance have already done their research — and the easier you make it to find you, the more likely they’ll be to enroll.
There are only small windows of opportunity where Medicare enrollees and individual health insurance enrollees can switch insurance agencies. During these open windows, there will be a huge influx of people looking for coverage. Your advertising budget should correlate with enrollment dates so you can get the most return on your investment.
Keep in mind that there are also special enrollment periods based on life events. When someone gets married, for example, they’ll be permitted to join their spouse’s plan. And when they turn 65, they become eligible for Medicare. Keep your advertising budget targeted for these special enrollment periods.
Bill Craig WebFX President
To maximize your reach, you should launch advertising campaigns on multiple search engines and platforms. Google is — of course — the powerhouse of search and by far the most popular, but that doesn’t mean you should neglect adverting on Bing, social media sites, and other popular online locations.
Everyone is required by law to have health insurance, which translates to an enormous and very diverse demographic that is searching for what you have to offer. Your ads can be effective on a variety of online locations, so use as many as your budget allows when you’re creating your advertising strategy.
Just as it’s important to advertise on multiple platforms, it’s also wise to test a variety of ads. Consider using banner ads and video ads along with your regular PPC ads to see how they perform.
During open enrollment, you’re spending a great deal for advertising, so you can’t afford to ignore your landing pages. You should test them extensively to determine what layout, design, call to action, and overall messaging best resonates with your prospective enrollees.
Consider using the following tools to test your landing pages:
And if you’ve never run tests on your site before, be sure to check out our beginner’s guide to A/B testing.
Negative keywords — or keyword exclusions — are the ones that you don’t want to include in your ads. If you haven’t added any to your campaign yet, this list of 25 is a great place to start. Negative keywords are extremely important in health insurance advertising because there are so many different types of insurance available.
Be sure to exclude people in the market for car, auto, life, pet, and dental insurance. Also, keep in mind that people who already have health insurance might use specific keywords to access information about their current policy, using keywords like “login” or “make payment”, and they can be excluded as well.
People looking for health insurance are likely going to shop around before they commit to a policy. This means you should continue to target them after they leave your website. Keep your company fresh in their minds with strategic retargeting.
Given its competitive nature, the health insurance industry can be a difficult one to advertise in. But if you want to improve your strategy and generate more enrollments, WebFX can help.
Our Internet marketing team has years of experience creating comprehensive plans for our clients, and we can do the same for your insurance company. Contact us today to speak with a strategist!
Find out how WebFX can create an effective Internet marketing strategy for your website. Call 888.449.3239 or contact us online today for a free evaluation.