By The National Association of Dental Plans
According to the 2011 NADP/DDPA Joint Dental Benefits Report on Enrollment, only one percent of the U.S. residents with dental insurance have their benefits through an individual policy. But that does not mean that purchasing dental coverage is not an individual decision. With employers’ benefit budgets accommodating continued increases in health care costs, many employers turn to voluntary coverage to provide highly valued dental coverage to their employees at no cost to the employer.
Accordingly, significant growth is expected in employer offerings of voluntary coverage—particularly with the implementation of health care reform’s requirement for small employers and individuals to include children’s dental.
As you can see, voluntary coverage is becoming an important part of benefit packages, one that allows companies to keep costs in line with their cash flow and still provide access to coverage.
As the ACA creates new norms, offering the most appropriate complementary benefits to address potential out-of-pocket exposure for employees requires integrative strategies.
The employee benefits world will continue to get more complicated and more personal over the next year. Employers will be faced with many tough decisions as they prepare to ”play or pay” in 2014, and most of 2013 will be spent modeling the financial impact of health care reform and
When the first provisions of the Affordable Care Act (ACA) go into effect in 2014, dental benefits in the individual and small group markets will be different. With these changes come new challenges and opportunities for brokers who understand and are prepared for the following impacts of both the proposed
What's the first thought that comes to your mind when you hear the term "health care reform"? If you're like most HR or benefit professionals, your mind probably darts to the impact of the heavily debated legislation on employee medical benefits. That makes a lot of sense; after all, health
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