CompBenefits to Provide Dental Insurance
for New Federal Employee Dental and Vision Benefits Program;
Regional Firm Aims to Help Millions "Brush Up"
on their Dental Insurance Plans
Atlanta, GA, September 5, 2006 CompBenefits has been awarded a seven-year contract by the U.S. Office of Personnel Management to provide dental insurance for active and retired government employees eligible for coverage under the new Federal Employee Dental and Vision Benefits Program. Throughout its history, CompBenefits has earned a reputation as an innovator in dental products, along with its technology-friendly communications and servicing support to its customers.
According to Mr. Kirk Rothrock, Chairman and CEO of CompBenefits, "We believe that our ability to innovate by offering unique dental plans that deliver value to families and individuals is one of the chief reasons for our selection. Our excellence in providing service support that makes our plans easy to use and understand is another factor in our success." CompBenefits' service area in the program encompasses 23 states including the South East, Mid-West and Mid-Atlantic regions, which represent more than 55% of the eligible Federal population of eight million people.
This is the first year federal employees have had the opportunity to use pre-tax dollars to pay for their dental premiums. Those eligible for the program will be able to enroll in the CompBenefits dental Advantage plan during open enrollment season beginning November 13th through December 11th of this year, with the coverage becoming effective on December 31st. CompBenefits will work closely with the U.S. Office of Personnel Management to ensure employees have every opportunity to learn about this new program. Among the efforts underway is the development of a website specifically for Federal Employees to learn more about the CompBenefits dental Advantage plan.
Says Rothrock, "We know our plans are unlike any available in the industry for their flexibility and affordable pricing structure. We believe they will be widely selected by Federal employees because we designed them to offer excellent value. Our experience in developing affordable dental plans is the result of listening to our customers families and individuals who care about their dental health and well-being and seek options to enhance their purchasing power."
In addition to its reputation for product innovation, CompBenefits has nearly four decades of experience serving the public sector. Understanding the special demands of government entity programs, the Company has long advocated transparency in pricing with an emphasis on dental and vision care quality. CompBenefits currently provides coverage to employees of seven state governments and more than 40 of the nation's largest school districts.
CompBenefits is one of five dental insurers to be designated by the U.S. Office of Personnel Management in its region.
CompBenefits is the vision and dental benefits carrier for nearly 5 million members in 31 states. With Dental HMO, PPO and indemnity insurance, as well as flexible hybrid products, the Company offers plans to fulfill a wide variety of needs. In addition to the more traditional benefits, CompBenefits offers many money-saving programs based on an expansive network of vision and dental care providers nationwide. For more information visit www.compbenefits.com.