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January 5, 2006
First Commonwealth Introduces Dental Maximum Rollover Benefit
Allows Customers to Save Up Dental Benefits When Needed Most
Marks Expansion of Guardian's Maximum Rollover Feature
NEW YORK, N.Y., January 5, 2006 — FirstCommonwealth (FCW), a subsidiary of The Guardian Life Insurance Company of America (Guardian), today announced the launch of a Maximum Rollover feature that allows their PPO members to roll over a portion of their unused annual maximum into a personal Maximum Rollover Account (MRA), in case the need for more extensive dental care arises in the future. Traditionally, many plans offered by other carriers employ a "use it or lose it" model for their dental products.
The First Commonwealth launch marks the expanded-availability of the Maximum Rollover benefit. Maximum Rollover was introduced for Guardian group Dental products in November of 2004.
"Maximum Rollover is a popular feature with brokers as well as plan holders and the wider-availability of this benefit reinforces our ongoing commitment to provide flexible, innovative options to allow employers to continue to meet all of their employees' dental needs," said John Foley, President, First Commonwealth. "Maximum Rollover distinguishes our product and is a strong selling point for brokers. The ability to rollover unused benefit dollars can be valuable to members who want to accumulate these funds in the event that they need more extensive dental care in the future. Consumers can save it and use it, as opposed to use it or lose it."
If a member uses the services of FCW Preferred Providers exclusively during the year, they can rollover an even larger amount. Additionally, the program rewards long-term employees by allowing unused account balances to accumulate over time. The longer employees stay with the network plan the more they can accumulate for future dental care.
To qualify for Maximum Rollover, a PPO member must submit a claim and not exceed their plan's pre-determined paid claims limit during the benefit year. Maximum Rollover is available for 10+ cases.
For more information, please contact your local Guardian Group Sales Representative.
About Guardian
Founded in 1860, The Guardian Life Insurance Company of America, New York, NY (Guardian) is the fourth largest mutual life insurance company in the United States. As of December 31, 2004, Guardian and its subsidiaries had $39.5 billion in assets. With more than 5,000 employees and 2,900 financial representatives, as well as over 80 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses and their employees with life, disability, health and dental insurance products, and offer 401(k), financial products and trust services. More information about Guardian can be obtained at: www.guardianlife.com.
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