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- What is the process used to become a broker for Olympia LHSO, Inc?
- How does the broker compensation plan work?
- What do I need to do to obtain a quote request?
- Does Olympia offer Individual and Family Dental Plans? If so, how do you handle such quotes?
- What is the difference between the Plan 5000 and the Plan 5500?
- How does a Group, Individual and/or Family apply for dental coverage?
- When does Group, Individual and/or Family coverage become effective?
- What is the process used to become a broker for Olympia LHSO, Inc?
Interested individuals or Agencies need to complete the appropriate Producer Participation Agreement and send it to Olympia for processing. To facilitate the process, attach a copy of your current Illinois Producer's License to the agreement. You will be assigned an Olympia broker number that will be used for tracking and commission payments. Full details are listed on the Broker Program page of this website.
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- How does the broker compensation plan work?
The broker will receive a higher than the average industry standard commission rate. The commission will be paid on monthly premiums paid or on the annual premium, in those cases where the entire annual premium is paid in advance. The commission rate remains in force for the life of the plan; that is, the commission rate for the out years remains the same as that offered for the initial coverage year. Commissions will be paid at the end of the month following receipt of payment for the Dental and/or Vision coverage.
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- What do I need to do to obtain a quote request?
Olympia's standard Dental Plan designs, including rates, are available on this website. We do not have underwriting requirements, making it easy to obtain a quote. Premium Plans 5000 and 5500 along with Discount Plan 4500 can be used to quote any size group. The premium rates do not change because of the size of the group. For groups requiring customized plan designs, please contact Olympia for assistance.
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- Does Olympia offer Individual and Family Dental Plans? If so, how do you handle such quotes?
Olympia offers Individual and Family EPO Dental Plans. We are unique in that we do not charge different rates for Individuals and Families seeking dental care when compared to the corresponding rates charged to our group members using a standard plan. The monthly individual rate is $15.45 for the Premium Plan 5000 and $23.15 for the Premium Plan 5500. For family coverage please review the rate sheet for specific details. Only annual payments will be accepted for Individuals and/or Families.
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- What is the difference between the Plan 5000 and the Plan 5500?
The difference between the plans is in the members' co-payment schedule, the cap on Laboratory expenses, and premiums. The Premium Plan 5500's slightly higher premium results in a lower co-payment schedule and a lower cap on certain associated Laboratory fees for the member. For example, the co-payment for an amalgam filling is $25.00 under the Premium Plan 5000 and $18.00 under the Premium Plan 5500. Laboratory fees are capped at $195.00 with the 5000 Plan and $175.00 with the 5500 Plan.
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- How does a Group, Individual and/or Family apply for dental coverage?
For group applications, the broker completes a group application for their client along with the enrollment applications for the employees. These documents along with the first month's premium is submitted to Olympia for approval and processing. Although the minimum period of coverage is one year, small groups (less than ten covered employees) have the option of paying premiums on a monthly or annual basis. Larger groups (ten or more employees) are billed on a monthly basis. Individual and/or Family (that is, non-group) applicants complete an Individual and/or Family enrollment application and submit that document accompanied by the annual premium to Olympia for approval and processing. Monthly payments are not available for Individuals and/or Family policies.
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- When does Group, Individual and/or Family coverage become effective?
All coverage (Group, Individual and/or Family) becomes effective the first day of the month following receipt and acceptance of the application and premium. Applications and premiums must be received by the 15th day of the month to ensure coverage on the first day of the following month.
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