To keep you current on information critical to your business, below are updates and resources to support your sales and service efforts. To access our full library, visit the News and Industry Perspectives site.

$55 Million Raised in Series D Funding Round

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."

Learn more about Beam's dental plan options, nationwide network, Perks, Lighthouse, SmartPremiums, and vision coverage through VSP.

Sacramento Broker Meeting

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.

Disability Insurance – Definitions Matter

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.

Learn more about Principal's group disability insurance and how it works.

Question
Can an employer increase the lifetime maximum for orthodontia coverage during the plan year or at renewal? Get the answer.

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.

Get The Latest News with Text Messaging!
Your success is important to us, and we’re actively working on new solutions to support you throughout the year. To get the latest news via text messaging in the future, simply provide your cell phone number here.

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.

Questions?
Contact the small group experts at 800.696.4543 or info@claremontcompanies.com.

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