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MetLife Holds Rates & Offers COVID-19 Support

Apr 14, 2020
Category
Carrier News

MetLife will hold rates (no rate increase) for all renewals with June 1, 2020 to September 1, 2020 renewal dates for groups with fewer than 500 lives. MetLife is also offering comprehensive solutions and resources for small businesses

Dental PPO Premium Refund
Customers with fully insured dental PPO plans will receive a 25% premium credit on a future bill for April and May 2020. (May be subject to regulatory approval in some states.)

PlanSmart® Financial Wellness
Employees get access to credentialed financial planners who provide guidance on COVID-19 related topics like cash flow, tax relief, government legislation, and more. It’s available to all small business owners (with under 100 employees) and their employees at no cost. No existing MetLife customer relationship required.

Financial Wellness Hub
Visit a new online hub designed to help employees navigate smart financial choices in a volatile environment.

Dedicated COVID-19 Hotline
Call 1-800-366-1192 with all your COVID-19 related questions. It’s available until September 30, 2020.

No Rate Increases For <500 Lives
MetLife will hold rates for all renewals from June 1, 2020 to September 1, 2020 for groups with fewer than 500 lives.

MetLife Legal Plans
MetLife Legal Plans is providing free document review and consultation through July 31, 2020 to all employers that offer MetLife Legal Plans. Employees can access network attorneys for questions related to legal issues and have them review documents or insurance forms.

Extended Grace Period 
MetLife will be extending premium grace periods for Group Products to the lesser of 90 days from premium due date or July 31, 2020, unless a different grace period is required by law (applied for all premiums due March 1, 2020 and forward as well as applied to any premium within the current 30 day grace period). 
 
Visit this link for COVID-19 updates and resources for small businesses.

Contact your LISI Regional Sales Manager for more information.

For more information, contact your LISI Regional Sales Manager.
 

Tags
MetLife
Coronavirus (COVID-19)

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