Renaissance Adds Vision to Growing Portfolio of Coverage Options
INDIANAPOLIS (September 30, 2015) –
As healthcare changes continue to put a strain on employer groups and brokers, Renaissance, a leading ancillary insurance carrier of customizable dental and vision plans, is helping to ease the financial burden by offering a seamless buying experience for a full suite of ancillary insurance solutions.
“We’re really achieving our strategic objective, which is to bring more solutions to the table,” said Robert P. Mulligan, President and Chief Executive Officer of Renaissance Dental.
Renaissance has partnered with industry leader VSP®
Vision Care, to form Renaissance Vision. This bundled selling approach is further demonstrated through a marketing agreement with Security Mutual Life Insurance Company of New York, which allows Renaissance to offer Life and Disability insurance to its group customers.
“As the market demand for bundled solutions continues to grow, our agreements with Security Mutual Life and VSP Vision Care enable us to diversify our product line while continuing to deliver an exceptional level of service to our customers and members,” said Jeff Kolesar, Vice President, Sales and Market Development of Renaissance Dental.
Brokers and benefits administrators can now package vision, life and disability with the company’s flagship product, Renaissance Dental.
“Packaging these products together allows Renaissance to offer discounted pricing thanks to our streamlined administration process. We can now offer a combined bill to customers eliminating the headache of dealing with multiple carriers,” said Mulligan. “We also want to simplify the decision-making process for brokers, making them even more valuable to their customers in an increasingly complicated benefits environment” added Mulligan.
Renaissance Vision is powered by the nation’s largest vision benefits and services company, VSP Vision Care. For 60 years, VSP has been the nation’s largest national not-for-profit vision benefits and services company. With a network of 32,000 providers and 75 million members worldwide, VSP is focused on connecting its members with providers for excellent eye-care and eyewear services.
“As an ancillary benefit, vision care is an important and low-cost way to support overall health. Eye exams help detect chronic diseases such as diabetes, high blood pressure, and high cholesterol,” said Kate Renwick-Espinosa, incoming VSP Vision Care president. “Working with Renaissance, we can expand access to eye care services which provides the opportunity for early detection and ultimately better health for members.”
Renaissance is also thrilled to engage with Security Mutual Life, a company that has been helping to protect policyholders from the financial burdens resulting from death, disability and retirement for more than 128 years. Security Mutual Life customers will benefit from the flexible, affordable dental products and services provided by Renaissance Dental.
“The synergies in our product blend and distribution, plus our combined experience in the ancillary market, make Renaissance a natural fit,” said Bruce W. Boyea, chairman, president and chief executive officer of Security Mutual Life. “Like Renaissance, we have sought to broaden our service offerings as a means to helping employer groups and employees more effectively manage their benefits, and to enable brokers to strengthen relationships with their customers.”
Renaissance Dental and Vision products are available in all 50 states. Renaissance Life and Disability, powered by Security Mutual Life, is initially available to employer groups across the North and Southeast. For more information on selling Renaissance ancillary benefits, visit www.renaissancedental.com/sell
or contact a Renaissance sales representative.
About Renaissance Dental
Renaissance Dental is part of the Renaissance Family of Companies, which was founded in 1957 and has offices in Arkansas, Georgia, Indiana, Kentucky, Michigan, New Mexico, New York, North Carolina, Ohio, South Carolina and Tennessee. Collectively, Renaissance companies cover 13.1 million people with annual paid claims of nearly $3 billion. Renaissance Dental provides quality and affordable dental insurance to organizations and individuals nationwide. Customizable dental options can be designed for groups as small as two enrollees. Renaissance Dental is the flagship product of Renaissance Life and Health Insurance Company of America and Renaissance Health Insurance Company of New York. Visit www.renaissancedental.com/pr
About Security Mutual Life Insurance Company of New York
Founded in 1886, Security Mutual has emerged as one of the leading mutual life insurance companies in the United States. From $15,000 in assets its first year in existence, Security Mutual has grown to $2.67 billion in assets with $31 billion of life insurance in force. The company is a strong and stable financial institution and is now in its 128th year of honoring the commitments made to its policyholders. Today, Security Mutual is licensed in all 50 states, the District of Columbia and the U.S. Virgin Islands. As a mutual company, Security Mutual has no shareholders and accordingly is maintained and operated for the benefit of its policyholders. A New York-domiciled company, Security Mutual operates under the regulation of the New York State Department of Financial Services, among the strongest and most respected insurance regulators in the country. Visit www.smlny.com
About VSP Global
VSP Global® unites industry-leading businesses to bring the highest quality eye care and eyewear products and services to help people see across the globe. VSP Global businesses include not-for-profit VSP® Vision Care, the largest vision care company with more than 75 million members and a network of 32,000 eye doctors in the U.S., Australia, United Kingdom, Canada and Ireland; Marchon® Eyewear Inc., one of the three largest global manufacturers, designers and distributors of quality fashion and technologically advanced eyewear and sun wear; Eyefinity®, the largest EHR and premier practice management software company for the eye care industry; VSP Optics Group, industry leaders in new lens technologies, production processes, service and logistics; and VSP Retail, delivering a memorable consumer experience through a variety of channels that meet the diverse needs of VSP customers. VSP Global businesses operate in 100 countries on 6 continents. Visit https://www.vsp.com/