New MetLife Simply Smart℠ Bundles Provide Benefits Solutions Tailored to Fit the Needs and Budgets of Small Businesses
September 29 2016 - 8:15AM
Business Wire
Optional MetLaw® legal
services plans are available in the small business market for the
first time ever
MetLife announced today the launch of MetLife Simply Smart℠
Bundles, which provide brokers and small business owners with
employee benefits that enhance their ability to compete in their
local markets. Designed specifically for businesses with 10-99
employees, the Bundles include a combination of dental and vision
insurance. They will also provide the opportunity to add on an
employee-paid group legal services plan to give employees access to
a nationwide network of qualified lawyers on a prepaid basis – the
first time MetLife is making this benefit available to small
businesses.
MetLife Simply Smart Bundles are designed to meet the benefits
needs of small businesses in different local markets. Through
extensive data mining of dental and vision plans quoted and sold
across the country, MetLife created pre-built, tiered plan options
to match the coverage and pricing needs of small employers in each
geographical area.
“Every local market has factors as unique as its businesses.
Drawing on MetLife’s sixty-plus years of experience in small
business benefits, our experts have mined local data to craft plans
that have the pricing and coverage that small business owners
require to be competitive. To help them stabilize their budgets, we
lock in pricing for 24 months across products – a two-year rate
guarantee,” said James Reid, executive vice president, regional
& small markets at MetLife. “Plus, our tiered local options
give them the flexibility to select the right plan with confidence.
We like to say they are ‘simple, smart, local,’” he added.
Jessica Moser, vice president, regional & small business
strategy at MetLife, said, “We pride ourselves on putting our
customers and small business brokers at the forefront of everything
we do. Based on our knowledge of the current and emerging benefits
needs of small businesses, we are expanding our offerings –
starting with MetLaw, a prepaid legal services plan. It’s the same
plan that we have previously only offered to larger employers, but
now will be available as an exclusive, voluntary option with
MetLife Simply Smart Bundles, with no minimum participation
requirements.”
MetLife Simply Smart Bundles include Dental and Vision coverage
– among employees’ most-desired and “must have” benefits after
health insurance, as reported in the 14th Annual MetLife U.S.
Employee Benefit Trends Study. They are easy to set up for both
brokers and employers. Online quote submission capabilities for
brokers makes it a snap for them to look up the bundle options for
their local market and submit a quote request by providing some
basic information online. MetLife also provides, at no additional
cost, an interactive decision-making video to help employees make
their choices so employers can increase engagement and
participation.
MetLaw is exclusively available to groups with 10 – 99 employees
as part of the bundle, and participating employees get convenient,
full-service access to local attorneys at a competitive monthly
rate. MetLaw is provided by Hyatt Legal Plans, Inc., a MetLife
company, and will be available as an optional part of a MetLife
Simply Smart Bundle for groups with effective dates of 12/1/16 or
later.
Brokers can see what Bundle options are available in their
markets in one step at MetLife.com/SimplySmartBundles.
Like most group benefits programs, benefit programs offered by
MetLife contain certain exclusions, exceptions, waiting periods,
reductions, limitations and terms for keeping them in force. Ask
your MetLife group representative for costs and complete
details.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information visit
www.metlife.com.
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MetLife, Inc.David Hammarstr�m, 1-212-578-2736
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