Aflac is offering a new voluntary dental insurance policy that offers multiple levels of coverage and benefits ranging from higher annual maximums to enhanced orthodontic coverage, the company announced.
Aflac Dental has no participation requirements, network restrictions, deductibles, or annual premium reviews. It's an insurance policy designed to meet the needs of employers in the face of growing employee demand, the company said.
"With more and more companies shifting away from employer-paid benefits to voluntary insurance, Aflac Dental is the right benefits solution at the right time for both employers and employees," said Tom Morey, Aflac vice president. "With Aflac Dental, employers are able to enhance their benefits package at no direct cost to the company while providing valuable dental benefits -- a safety net -- their employees can rely on when they need it most."
Features include:
- Annual maximum building benefit: This new benefit increases each covered person's policy year maximum by $100 after each 12 consecutive months the policy is in force, up to a maximum of $500 per covered person.
- Orthodontic rider benefit: The enhanced rider benefit will pay $500 for the initial orthodontic treatment and then $50 for continuing treatment each month up to 18 months.
- Dependent age extended: The dependent age has been increased to 26.
- Issue age extended: The issue age has been increased to 70.
A recent Aflac study found 33% of consumers are not offered dental plans at work, while 86% said employer-offered dental benefits are important to them and that dental insurance is the third most desired benefit after major medical insurance and retirement benefits.
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