Healthcare
GIC Selects Metlife for State Retiree Dental Plan | GIC Selects Metlife for State Retiree Dental Plan |
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2007 MAR - Lower Premiums Beginning This July - Soon there will be a new face to the state’s retiree dental plan. It belongs to Snoopy, the famous beagle from the Peanuts comic strip.
That’s because MetLife, the multinational insurance company with
whom the Snoopy character has become so closely identified, has been
selected by the state’s Group Insurance Commission (GIC) as the new
administrator of its retiree dental plan. MetLife will succeed the
current administrator, Altus Dental, on July 1.
“There was extremely stiff competition among the finalists,
including Altus, Delta Dental and MetLife, all of whom are recognized
leaders in this business,” reports John Brouder of Boston Benefit
Partners, which was the GIC’s consultant in the selection process.
“It’s a testament to how this plan has grown since its inception in ’02
and how well regarded it is now by those who are in the know.”
According to officials, there were a number of factors that led
to awarding MetLife a three-year contract with a two-year option. Among
them, the monthly dental premiums beginning this July will be 11% less
than the current rates (Individual: $27.13 to $23.93; Family: $64.69 to
$57.64).
Another selling point for MetLife is that on average, the
discounts given by dentists in its network (MetLife Preferred Dentist
Program) are greater than in the networks for the other insurers. There
are approximately 90,000 participating dentist locations nationwide in
the MetLife program. Editor’s Note: It will be important for enrollees
to check to make certain that their dentist is part of the MetLife
network in order to be eligible for the discounts.
“I share Cheryl’s enthusiasm over the plan’s future,” comments
MetLife’s Senior Account Executive Shelley Molnar. “We look forward to
meeting and talking with your members, as well as all retirees, about
the plan at the GIC’s upcoming health fairs. |
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