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Principal’s Promotions and Updates

Jul 13, 2020, < 1 Minute Read

Principal has announced the following updates for new and renewing dental business:

• California dental rates have been reduced on average 12% effective July 1, 2020.
• Dental and vision rate passes have been extended until April 2021.
• COVID-19 dental premium credit¹ of 10% for the months of June-October 2020 (based on the prior month’s billed premium²) to employers who have a fully insured dental policy (both contributory and voluntary) with Principal. Broker compensation will not be impacted.
• Real-time API integration with Ease for all Principal products.
• Voluntary participation requirements waived for all products – only 3 lives per product needed to enroll. Many Principal competitors require the greater of 10 lives or 20% of the eligible group.
• eBenefits Edge Promotion – the PEPM will be waived for 12 months when a 2-year contract is signed. Available on a first come first served basis in 2020.

Get answers to common questions about the impact of COVID-19 on Principal’s policies.

Start quoting Principal today!

Questions?
Contact your Claremont team at 800.696.4543 or info@claremontcompanies.com.

¹ Excludes self-funded coverage.
² Self-accounting customers can calculate a 10% reduction in premium for their June-October 2020 billing.

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