Page 11 - S & S Die Company 2020 Renewal Presentation

S & S Die Company Dental and Vision Renewal

November 2020

DENTAL Current Renewal
# of
employees Delta Dental Delta Dental

Single 14 $37.69 $37.69
Two Person 10 $70.28 $70.28
Family 17 $130.21 $130.21

Est. Monthly Premium 41 $3,444.03 $3,444.03
Est. Annual Premium $41,328.36 $41,328.36
NO INCREASE
Benefits
Deductible $50/$150 $50/$150

Preventive Services 100% 100%
Basic Services 80% 80%
Major Services 50% 50%

Yearly Maximum $1,000 $1,000

Orthodontic Services 50% 50%

Lifetime Maximum $1,000 $1,000
2019 No increase, 2018 Moved to Delta although it was more expensive,
2017 initial increase was 8.5%, go it down to 5%, Moved to Guardian in 2016 and rec'd no increase from
Principal's current rates. 2014 saved 22% by moving to Principal and rates were guaranteed for two years.
Met Life was initially asking for a 10.5% (2014), 2013 Met Life rates increased 5.5%, 2012 Changed from
Guardian to Met Life and saved 26.5%.
VISION Current Renewal
# of Eye Med Eye Med
employees

Single 15 $7.24 $7.24
Employee & Spouse 7 $13.76 $13.76
Employee & Child(ren) 6 $14.48 $14.48
Family 15 $21.29 $21.29

Benefits
Eye Exam $10 $10

Frames Combined $25 Copay Combined $25 Copay

Lenses Combined $25 Copay Combined $25 Copay

Contact Lenses $150 allowance $150 allowance

Frequency 12/12/12 12/12/12
Renews Nov 2024
Moved to Eye Med in 2016 and saved almost 9%. Prepared July 2020
2014 saved 2% by moving to Principal, plus enhanced the allowance and rates were guranteed for two years.