Premium reductions for dental benefits 

4/22/2020 12:00:00 AM

Assumption Life understands that many of your clients and business owners are experiencing financial hardships due to the COVID-19 crisis. To avoid additional stress, premiums for dental benefits will be reduced by 70% for the months of April and May 2020.

This adjustment will automatically be made to all plan members with dental benefits on our fully insured business. Plan administrators and plan members will not have to do a thing.

Other important points to consider:

  • The premium reduction will not affect members’ benefit plan.
  • The premium reduction will be reflected as a credit and will not impact rates.
  • The premium reduction will be retroactive to April 1 and the adjustment will be applied to members’ June invoice.
  • Commissions will not be impacted by the premium reduction.
  • The premium reduction does not apply to any benefits managed on an Administrative Services Only basis, to refund accounting plans, individual plans or to Student Plans.

We will be in touch with the Plan Administrators shortly to confirm the processing of this premium reduction.

We thank you for your continued support and invite you to contact your Sales Manager should you have any questions.