Producer Connection is Standard Insurance Company's bi-monthly online newsletter for Employee Benefits producers.
Let us know what you think of Producer Connection and how we can make it better.
Producer Connection is Standard Insurance Company's bi-monthly online newsletter for Employee Benefits producers.
Let us know what you think of Producer Connection and how we can make it better.
Most producers who work with The Standard know the company offers high-quality group Life and Disability insurance. What you may not know is that The Standard also offers an excellent group Dental insurance product.
Dental coverage, according to a recent LIMRA study, is the second most requested employee benefit after medical coverage. John Hewitt Associates reports that Dental insurance is the most frequently purchased voluntary employee benefit. You can provide your clients with a highly valued benefit by including Dental along with the other coverages you offer.
Plan Design
The Standard offers a full range of insured dental products with numerous features that can be adjusted to meet most of your clients' needs. These include a number of plan options for coinsurance, deductibles, benefit maximums, methods for determining maximum allowable charges and placement of procedures in benefit categories. Voluntary Dental plans with low participation requirements are available as well as high/low plans and core/buy-up plans. The Standard also offers a Max Builder option, which allows a certain portion of an unused annual maximum benefit to be rolled over to the next plan year.
PPO Options
The Standard can offer your clients a PPO network of over 7,000 provider access points in New York. Our available PPO plans include both single and dual coinsurance schedules. The Standard also offers lower-cost Maximum Allowable Charge (MAC) plans in areas with high panel density where the maximum charge allowed for a dental expense is the PPO panel dentist contracted fee whether the provider used is a panel or non-panel dentist.
Cost Effective Solutions
Flexible plan designs enable The Standard to create a plan that fits your client's budget while providing excellent service to insured members. We also use a one price approach with no additional fees or charges to your clients for COBRA administration or basic reporting. The Standard also offers a Performance Guarantee for all cases of 100 or more lives.
Claim Administration
The Standard employs a state-of-the-art claim system which supports electronic claim submission and adjudication of straightforward claims without claim analyst intervention. We also work to ensure that plan participants can quickly and easily obtain the claim information they need. Insured members and dentists can verify eligibility, obtain benefit summaries and obtain information about a paid claim or pre-determination for benefits via a toll-free customer service line, an interactive voice response system and Web site.
Plan Administration
With The Standard your clients can get flexible billing options, depending on the number of lives in the plan. Smaller cases are generally list-billed to allow for ease in maintaining detailed eligibility records. Larger cases sometimes demand summary billed premium statements. All lines of coverage a client has with The Standard appear on a single bill. There is a single point of contact for account management of all coverages.
More Information
Contact your Sales Rep to learn more about how The Standard can help you sell more group dental insurance plans.
| 2005 | |
|---|---|
| Average Claim Turnaround | 4.1 Workdays |
| Claim Accuracy | 98.9% |
| 2004 | |
| Average Claim Turnaround | 6.4 Workdays |
| Claim Accuracy | 98.2% |