The Employee Benefits Group division of Sun Life Financial Inc.* (NYSE:
SLF, TSX: SLF) today announced that it has entered into an agreement
with Humana (NYSE: HUM) to offer a greater choice of dental plans to
employer groups in select markets. The marketing agreement allows
employers to purchase Humana’s dental HMO ("DHMO”) as the low-cost
option on a Dual Select Dental Plan, with a Sun Life plan* as the
high-cost option. Plans will be available through Sun Life in Texas,
Florida and Illinois.
"We’re excited to expand our dental plan offerings through this new
relationship,” said Sue Schoch, Vice President of Dental Products at Sun
Life Financial. "Adding DHMO to our Dual Select Plans allows us to offer
customers another option when choosing a comprehensive dental plan for
their employees.” Schoch went on to say, "Humana’s provider strength and
tremendous reputation in these target markets made them a superior
choice to round out our dental offerings.”
DHMO dental plans are offered by HumanaDental Insurance Company, and
underwritten by CompBenefits Dental Inc., DentiCare Inc. and
CompBenefits Company, all of which are Humana subsidiaries. With the
DHMO, a member may see a primary care dentist, within the network, as
often as necessary. There are no yearly maximums, no deductibles to meet
and no waiting periods.
Plan administration will be seamless to employers, with both plans
easily administered through Sun Life’s Plan Administrator Web portal.
Employees have access to either Sun Life’s or Humana’s plan member
sites, for user-friendly provider searches and online explanation of
benefits.
"Sun Life shares our mission of providing customers with the plans and
information they need to make the best decisions for themselves and
their family members,” said Beth Bierbower, chief operating officer of
Specialty Benefits at Humana. "That’s why we’re so excited that Sun
Life’s network of brokers will now be able to offer Humana’s Dental HMO
plan, along side their other options.”
Sun Life has more than 25 years experience providing group dental
coverage with an average four-day turnaround on claims decisions. All of
Sun Life’s dental plans are backed by a money-back service guarantee
that covers claim service, customer service and overall satisfaction.
*Group Dental Insurance is underwritten by Sun Life and Health Insurance
Co. U.S. (Wellesley Hills, MA.)
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China and Bermuda. As of June 30, 2009, the Sun Life
Financial group of companies had total assets under management of US
$341.9 billion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF. Visit Sun Life
Financial's website at www.sunlife-usa.com.
About Humana
Humana Inc., headquartered in Louisville, Ky., is one of the nation’s
largest publicly traded health and supplemental benefits companies, with
approximately 10.3 million medical members and 6.8 million specialty
members. Humana is a full-service benefits solutions company, offering a
wide array of health and supplementary benefit plans for employer
groups, government programs and individuals.
Over its 48-year history, Humana has consistently seized opportunities
to meet changing customer needs. Today, the company is a leader in
consumer engagement, providing guidance that leads to lower costs and a
better health plan experience throughout its diversified customer
portfolio.
More information regarding Humana is available to investors via the
Investor Relations page of the company’s Web site at http://www.humana.com.
SLPC 20845 (8/09)
Exp. 8/11