Many medical carriers offer discounts for bundling lines of coverage, but this option may not produce the expected results. While a bundled plan may look good on the surface, it could lack important benefit components as well as anticipated savings. Before signing this type of agreement, evaluate the pros and cons of the plan. The best strategy for ancillary plans, such as dental, may be to contract with a carrier that specializes in that specific line of coverage.
Medical carriers frequently tout the cost savings employers will enjoy by working with one carrier for two or more products. Some will offer a flat discount to employers who agree to add an ancillary dental plan. While the advertised price may be attractive, carefully evaluate the proposal based on these factors: View full article »
