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Procurement Market Intelligence Report

Group Dental Insurance Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Group Dental Insurance?

What is the average price of Group Dental Insurance?

This procurement report includes pricing information to help you purchase Group Dental Insurance. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Group Dental Insurance been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Group Dental Insurance yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Group Dental Insurance?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Group Dental Insurance with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Group Dental Insurance?

Market share concentration for group dental insurance is moderate. There are an estimated 300 providers of group dental insurance in 2018, and the top four suppliers collectively earn about 45.0% of market revenue. Concentration has trended upward during the three years to 2018 as operators have consolidated in order to... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Claims Fulfillment

What is the process for submitting a claim?

What is the process for disputing the results of a claim?

How long, on average, does it take your company to pay claims?

How often do you provide reports detailing new claims and enrollees?

How did your claim turnaround and accuracy performance for the past 12 months compare with the standard you have set for your company?

Coverage Add-Ons

What tools do you offer to help clients evaluate the potential costs of their dental procedures?

What other types of insurance do you offer? Can I earn a discount by purchasing multiple policies?

What resources do you provide for clients to review their claims history and other aspects of their plan?

Aside from insurance, what other services does your company provide?

Does your company provide services other than insurance? If so, can I earn a price discount by bundling my insurance policy with these other services that your company offers?

Customer Service

How do you resolve client complaints and concerns?

Will a client representative be assigned to my policy, or do all customer service staff handle policies?

What types of support services do you provide?

Do you have toll-free customer service phone numbers available for claims and administrative support? If so, what are they and when are they reachable?

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Key elements for every RFP

What should my Group Dental Insurance RFP include?

Project Budget

Buyers should request a detailed breakdown of insurers’ premium rates and deductibles.

Buyers should seek clarification on any other costs, such as administration fees.

Buyers can consult the pricing information in the Benchmark Price section of this report for help determining how much they should pay for dental insurance.

Selection Criteria

Buyers should assess an insurer based on the type and scope of benefits offered.

Buyers should take into account the out-of-pocket costs that employees will incur on a specific plan.

Buyers should evaluate the financial stability of an insurer.

Buyers should consider the customer service that an insurer offers.

Buyers should examine any coverage add-ons available from an insurer.

For a detailed outline of the key criteria buyers should consider when evaluating potential providers, see the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should state the date they expect coverage to begin.

Buyers should indicate the preferred contract length.

Buyers should provide a list of all important dates, such as bid submission deadlines, dates for interviews and when the award will be announced.

Evaluate major factors to mitigate risk

How risky is the Group Dental Insurance supply chain?

The supply chain risk for group dental insurance is moderate. Providers of group dental insurance source inputs from a number of upstream suppliers, including custody, asset and securities service providers, portfolio managers and office supply wholesalers. In particular, securities service providers and portfolio managers present moderate supply chain risk because... Subscribe to learn more.

HIGH

MEDIUM

LOW