Formula Benefits
Self-Funded Dental
Administration
Each tooth in the human mouth has a
predictable life
cycle and a maximum expense that it can incur. The reasoning behind
insurance is to protect people from damaging, unexpected financial losses. The
chart below shows that when dealing with dental expenses there really are
no damaging,
unexpected financial losses especially since
most plans are
capped between $1,000 and
$1,500. Dental care expenses are
highly
predictable, quite small, and are
not over
utilized by individuals. This is the ideal set of circumstances for
self-funding.
Additional
reasons to self-fund your dental
benefit:
-
Low
Monthly
Administration
Fee
of
$2.65
per employee per month, regardless of single or family coverage.
(Groups over 20 employees)
-
Flexibility
to create your own plan design.
-
Free
Access to the Formula Dental Provider Network.
Over 800
providers in the TC Metro Area.
-
Access
to the Premier Dental Network of Providers for and additional $1.15
pe/pm.
-
Money
is spent only on those
employees
who actually utilize the benefit.
WHERE YOUR DENTAL BENEFIT DOLLAR
IS GOING
