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Changes to dental, vision and worksite benefits could cut employee costs, broker says
Summary
Higginbotham reported a small dental rate increase and reductions or flat renewals in vision and life lines; moving worksite benefits from American Fidelity to Blue Cross was presented as a way to cut employee premiums by about half and produce a small medical-rate benefit.
The presentation reviewed ancillary benefits: dental with Blue Cross showed a roughly 3% increase (about $1,800 at the plan level), vision and basic life lines were flat or reduced, and voluntary lines were unchanged. Higginbotham noted moving worksite benefits to Blue Cross could save employees about 50% on those products and shave roughly 0.5 percentage points off medical rates.
The broker recommended bundling the ancillary moves with the proposed medical plan redesign to produce overall plan savings. Council asked about employee take-up and communications; Higginbotham said a post-enrollment communications campaign will explain value-added Blue Cross resources and any lifestyle programs available to employees.
