MetLife and SafeGuard to Provide California Employers with New Dental Benefit Options.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & ALISO VIEJO, Calif. -- MetLife and SafeGuard Dental & Vision jointly announced today that they have entered into an agreement to provide employees of California businesses an innovative dental benefit offering. Under the agreement, employers will be able to make a dual option dental benefits offering available to their employees, consisting of -- SafeGuard's dental health maintenance organization (DHMO DHMO Di-Hydrogen Monoxide (water) ) product alongside MetLife's insured dental preferred provider organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there ) product. This agreement offers employers a multi-product dental solution with a single point of administration for billing and eligibility. The offering is expected to be available July 1, 2005. James E. Buncher, chairman and chief executive officer of SafeGuard, said, "We are excited to work with MetLife to offer SafeGuard's dental HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, product alongside MetLife's dental insurance Dental insurance is insurance designed to pay the costs associated with dental care. Dental insurance pays a portion of the bills from dentists, hospitals, and other providers of dental services. products -- providing California businesses with maximum flexibility and choice with simple administration. This new arrangement is a win/win for all stakeholders." "MetLife continually seeks opportunities to provide customers with innovative products and services. Our new relationship with SafeGuard provides businesses with an easy and convenient way to provide employees with dental benefit solutions to meet their needs," said Paul Michael, vice president, MetLife Dental Product Management. This new dental benefit offering will be available in California to businesses and groups with 200 or more employees or members. About MetLife MetLife is the largest commercial dental administrator in the United States, administering dental benefits for over 20 million Americans at thousands of companies and organizations of all sizes. MetLife, a subsidiary of MetLife, Inc. (NYSE NYSE See: New York Stock Exchange : MET), is a leading provider of insurance and other financial services to individual and institutional customers. The MetLife companies serve individuals in approximately 13 million households in the U.S. and provide benefits to 37 million employees and family members through their plan sponsors. Outside the U.S., the MetLife companies serve approximately 9 million customers through direct insurance operations in Argentina, Brazil, Chile, China, Hong Kong, India, Indonesia, Mexico, South Korea, Taiwan and Uruguay. For more information about MetLife, please visit the company's Web site at www.metlife.com. About SafeGuard Dental & Vision SafeGuard Dental & Vision is a family of companies that are part of SafeGuard Health Enterprises, Inc. SafeGuard is committed to the dental and vision business with over 30 years experience providing dental and vision HMO, PPO, indemnity, and ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there products to over 1.5 million members primarily in California, Florida, Nevada and Texas. For more information, visit SafeGuard's Web site at www.safeguard.net. |
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