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In its latest round of investment funding, Beam Dental, the country's fastest growing dental benefits provider, secured $55 million in venture capital. “Beam’s focus on delivering a market leading customer experience and their innovative use of technology and data is unique in the industry,” said their lead investor Georgian Partners.
Venture Beat reports that "as of May 2018, more than 1,000 small and medium-sized business customers had signed up to provide their employees plans through Beam" and that the funding "will be used to develop new products, grow Beam’s workforce to over 200 employees, and expand its dental plans to reach over 90% of the U.S. population by the end of this year."
Register to attend UnitedHealthcare's broker meeting to hear about exciting new plans and programs, gain insights for success, and experience the UnitedHealthcare Motion Progam, a personalized wellness program that rewards employees' engagement.
Date: Thursday, June 20, 2019
Time: 10:00 am - 12:00 pm
Place: Sacramento Marriott Rancho Cordova, 11211 Point East Drive, Rancho Cordova, CA
Food and refreshments will be served. Space is limited. Register now.
The language in a carrier’s coverage contract can make a big difference in the determination of when–or if–an employee qualifies as disabled. Principal’s definitions of disability can be advantageous to employers considering group disability coverage. Here are a few examples:
Principal’s “or” Definition of Disability Using the small word “or” in the definition of disability means employees who aren’t totally disabled may still qualify for benefits. Employees qualify for benefits by meeting either of the following criteria:
Unable to perform the majority of substantial duties of their own job (for short-term disability) or occupation (for long-term disability). or
Unable to earn 80% of their pre-disability income while working in a modified capacity.
Principal’s “own job” Definition for Short-Term Disability Principal uses an “own job” definition of disability instead of the more common “own occupation.” That means they look at the job the employee was performing on the date of the disability—not the occupation.
With our convenient FAQs, quickly find answers about the ACA, Covered California for Small Business, the San Francisco Ordinance and, in the General section, managing your agency during times of change.
IN THIS ISSUE Beam Dental Raises $55 Million in Series D Funding Round ---------------------------------- UnitedHealthcare Sacramento Broker Meeting June 20th ---------------------------------- Carrier Spotlight: Principal Disability Insurance — Definitions Matter ---------------------------------- Question of The Week
IMPORTANT DATES June 5 • Application Deadline: • Delta Dental • Humana ---------------------------------- June 6 • Application Deadline: • Blue Shield of CA • MetLife ---------------------------------- June 7 • Application Deadline: • Beam Dental • Choice Builder • Principal • UnitedHealthcare • OCAHU Celebration Women in Business ---------------------------------- June 12 • SBAHU Meeting ---------------------------------- June 13 • IEAHU Meeting • LAAHU New Member Potluck • SVAHU 'After Dark' ---------------------------------- June 14 • SDAHU Summer Classic Golf Tournament ---------------------------------- June 15 • Application Deadline: • TASC ---------------------------------- June 16 - 18 • Ease Innovation Conference ---------------------------------- June 17 • IEAHU Golf Tournament ---------------------------------- June 19 • SAHU Member Lunch - Ethics ---------------------------------- June 20 • DCAHU Member Lunch and CE • GGAHU Meeting • IEAHU Breakfast Meeting and CE • NCAHU "Live from NAHU" Webinar • UnitedHealthcare Sacramento Broker Meeting ---------------------------------- June 27 • SVAHU Golf Tournament ---------------------------------- June 29 • NAHU Annual Convention ---------------------------------- August 12 • GGAHU, SAHU, and SVAHU 5th Annual Medicare Summit
As always, we'll keep you informed about healthcare reform issues and news affecting you and your clients. Our knowledgeable team is here to help you succeed.
