Please note that all changes highlighted in this update will take effect for all policies renewing on or after 1 May 2024.
In March, we met with Allianz to review the claims performance of our plans over the past year and plan for the next.
As you will have experienced in other areas of life, inflation has pushed up the costs of many of the goods and services that we all use. This includes the cost of medical treatment around the world.
This has meant that although we have had a similar number of claims, the claim amounts have been higher. Our premiums need to rise to meet the cost of claims, so we have to increase both our Alpha and Omega premiums in 2024.
Alpha premiums will increase by 8.5%.
Omega premiums will increase by 5%
Benefit Changes
Dental Option Changes
We will be introducing a much more comprehensive Dental option that covers dental surgery, orthodontics, periodontics, implants, etc.
After researching what people were asking for and exploring what our underwriters were able to build, we now have a new dental option that offers much more value.
The new dental option benefits are:
- Dental treatment $500 (20% co-insurance)
- Dental surgery $500 (20% co-insurance)
- Periodontics $500 (20% co-insurance)
- Orthodontics $2,000 (50% co-insurance)
- Dental Prostheses & Implants $1,000 (50% co-insurance)
The cost of the new dental option is $367 per person
The old routine dental option will no longer be available from your next renewal. However, many of the same routine dental benefits are now included as standard in your policy as part of the improved wellness benefits
We will check with you at your renewal if you want to include the new dental option.
Notes on what is covered
Dental treatment
An annual check-up, simple fillings related to cavities or decay, root canal treatment, and dental prescription drugs.
Dental surgery
Surgical extraction of teeth, as well as other tooth-related surgical procedures such as apicoectomy and dental prescription drugs. All investigative procedures that establish the need for dental surgery such as laboratory tests, X-rays, CT scans and MRI(s) are included under this benefit.
Periodontics
Dental treatment related to gum disease.
Orthodontics
The use of devices to correct malocclusion (misalignment of your teeth and bite).
- Increased overjet > 6mm but <= 9 mm
- Reverse overjet > 3.5 mm with no masticatory or speech difficulties
- Anterior or posterior crossbites with > 2 mm discrepancy between the retruded contact position and intercuspal position
- Severe displacements of teeth > 4
- Extreme lateral or anterior open bites > 4 mm
- Increased and complete overbite with gingival or palatal trauma
- Less extensive hypodontia requiring pre-restorative orthodontics or orthodontic space closure to obviate the need for a prosthesis
- Posterior lingual crossbite with no functional occlusal contact in one or more buccal segments
- Reverse overjet > 1 mm but < 3.5 mm with recorded masticatory and speech difficulties
- Partially erupted teeth, tipped and impacted against adjacent teeth
- Existing supernumerary teeth
Dental Prostheses
Crowns, inlays, onlays, adhesive reconstructions/restorations, bridges, dentures and implants as well as all necessary and ancillary treatment required.
Our Team
Pansy has left us a great legacy, and to prepare for this change, she spent last year establishing Sarah Thum and Mabel James as her replacements, raising them up to take on the mantle of leadership in Customer Success and for the future of Talent Trust.
Our number of members continues to grow (up by 8.5% in 2023), and our team continues to grow to ensure that we can serve you effectively. In the past 6 months, Esther Dominic, Sharon Koh, and Bryan Looi have joined to ensure that we can provide you with the service that you deserve.
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