MetLife Rolls out New Dental Program to Meet the Needs of More of Today’s Employers and Workforce
May 23 2016 - 9:30AM
Business Wire
MetLife TakeAlong Dental℠ created to make
dental insurance available to more employees
MetLife announced today the launch of MetLife TakeAlong
DentalSM, a new program specifically designed as a complement to
employers’ traditional MetLife group dental benefits. MetLife
TakeAlong Dental allows employers to provide dental coverage to
employees who are not eligible to participate in a traditional
employer-sponsored dental plan – including part-time or consultant
workers, and retirees.
MetLife TakeAlong Dental provides robust coverage with the same
network of pre-screened providers, online access and quality claims
handling that are available to all of MetLife’s Group Dental
benefits customers, and MetLife supports the end to end
administration from enrollment, to employee/retiree billing, to
ongoing service.
As employers continually strive to attract and retain the best
talent, dental insurance is a key benefit. According to the 14th
Annual MetLife U.S. Employee Benefit Trends Study (highlights
available here), 80% of employees indicate dental benefits are
important when deciding whether to accept a job. And, compared to
those who don’t have dental insurance benefits, employees who have
dental benefits are significantly more likely to indicate they will
stay at their employer – 82% versus 70% – and that they are
satisfied with their benefits – 88% versus 42% – so the
implications for employee loyalty are significant. Yet, many
workers do not have access to any sort of dental program, and many
employers have not been able to fill this gap.
Multiple trends in the American workforce in recent years have
caused fewer workers to have access to traditional dental coverage
at work. These include the presence of more part-time employees, by
choice or due to under-employment, as well as the challenges
employers face dealing with increased health-care costs and
regulatory requirements. “Given the many options outside the
traditional workforce now available to employees, employers can use
Dental as a differentiator: according to the most recent MetLife
U.S. Employee Benefit Trends Study, employees consider dental
insurance a ‘must have’ benefit, along with health insurance,
prescription drug coverage, and a retirement plan,” said Alan
Hirschberg, vice president of Supplemental Health Products at
MetLife.
Sixty-three percent of employees in MetLife’s Study say that
dental is a must-have benefit for retirees, yet only 42% of
employers offer it – in fact, over half of employees say that their
employers do not offer any nonmedical benefits to retirees. Yet,
retiree benefits are a driver of employee loyalty, with four in ten
employees saying that retiree benefits are a key reason to stay
with their employer. This is particularly true among
Millennials.
Added Hirschberg, “At MetLife, helping employers find the right
mix of solutions to better balance costs and employee needs is what
we do. MetLife TakeAlong Dental allows employers to be confident
that they have made the best decision for their business: having
the ability to complement their traditional group dental plans
without additional benefit costs to them, while providing their
employees with quality dental insurance. We like to say it is, ‘the
last dental program they will ever need.’”
MetLife TakeAlong DentalSM has been approved by regulators in
most states. To determine if TakeAlong Dental is available in a
given ZIP code, visit metlifetakealongdental.com. Brokers and
consultants can find more information about TakeAlong Dental at
www.metlife.com/brokers, and employers at
www.metlife.com/employers.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
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MetLife, Inc.David Hammarstr�m, 1-212-578-2736
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