Customized Group Renewal Rate Options
Renewals can take a lot of time. We know spending time negotiating with the insurance carrier for each group can be overwhelming. We want to help. Dental Select will soon be including customized rate adjustment options in each monthly group renewal.
What You Can Expect to See
Currently, the renewal format you receive includes both the existing and renewal rates within the same single page letter. But the new format will first include a letter with general instructions about who to contact should you want to make any rate adjustments. On the second page, you will see current and renewal rates, plan modification options with rates and if applicable, a review of MaxRewards levels.
Not every dental group will receive plan modifications. Based on standard underwriting guidelines, options will be shown to either offer ways to decrease monthly rates or increase employee benefits. If a group does not qualify for these options, only the standard renewal rates will be displayed. Vision only groups will not receive plan modification options at this time. Both the broker and the group will receive the same renewal information.
By including this new information, Dental Select expects to give our brokers the power to work with their client more effectively. Rather than going back and forth with us to negotiate rate adjustment, our brokers can now discuss reasonable options with their clients first. This is just one more way we are making it easier to do business with Dental Select.
Look here for a sample. (PDF) For additional questions, please contact your Dental Select Sales Representative.