In response to the temporary closure of most dental offices, Principal has announced the following actions:
Dental Premium Credit1
Fully-insured dental groups (both contributory and voluntary) will receive a 10% premium credit on their June through October 2020 invoices. The premium credit calculation is based on the prior month’s billed premium2.
PPE Payments to In-Network Providers1
A $7 payment for personal protective equipment (PPE)3 will be paid to in-network providers with each member’s dentist visit from June 1 through December 31, 2020. This payment will help offset the additional expenses for dental offices to maintain up-to-date infection control procedures and to reduce the risk of exposure to members. Additionally, this payment may help decrease the member’s out-of-pocket costs.
1 Excludes self-funded coverage. 2 Self-accounting customers can calculate a 10% reduction in premium for their June-October 2020 billing. 3 PPE payment does not count toward the member calendar year maximum. Eligible visits are based on the date of service from June 1- December 31, 2020. *Applies to all existing lines excluding accident and critical illness.
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