ADA Members Insurance - American Student Dental Association

Report
ADA Membership and You
Dr. Mike Durbin, ADA Council on Membership
Jaclyn Agy, Great-West Financial
@ASDAnet
#ASDAnet
What is the ADA?
•
•
•
More than 158,000 total dentist members, with over 20,000
dental student members
More general practitioners and specialists than any
dental organization in the U.S.
Most diverse dental association in the country, with the
largest segments of women,
ethnic/diverse and
non-U.S.-trained dentists
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What is the ADA?
ADA Mission Statement
Help all Members
Succeed
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ADA Student Membership
• Dental students join ASDA and ADA
• ADA Student membership dues are $5,
collected at the same time as ASDA dues
• Access to all ADA Member benefits
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ADA Center for Professional
Success
Help with the business side of
your career:
• World class practice
management resources
• Executive business
certificate programs
• Health and wellness
information, help balancing
your work and life
• Risk Management
Resources
Success.ADA.org
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ADA Center for Professional
Success
Calculators to help you
manage your finances:
• Estimate monthly
payments
• Identify how extra
payments could help you
become debt-free faster
• Determine how much you
can reasonably afford to
borrow
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The ADA Library
Library Services
• Reference Assistance
with PubMed searches
• Online access to ADA
Archives and over 280
online journals
• Personalized research
assistance and
recommendations
ADA.org/library
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ADA Center for Evidence Based
Dentistry™
• Evidence-Based
Dentistry (EBD) is the
point where scientific
evidence, the dentist’s
expertise, and the
patient’s treatment
needs and preferences
all intersect
EBD.ADA.org
Evidence
EBD
Clinical
Expertise
Patients
needs &
preferences
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ADA CE Online
• ADA student
members can access
ADA CE for free!
• Courses feature
embedded video,
live-patient dental
procedures, and case
study examples
ADACEonline.org
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Student resources at your
fingertips!
• Financial planning
guidance
• Licensure information
• Career path information
• Success Dental Student
Programs
• Student Loan Contract
Analysis
• Insurance Protection
ADA.org/student
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Dentists working together
• When the ADA speaks, it’s really you and
me speaking.
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Dentists working together
• The ADA Supports the Student Loan Interest
Deduction Act (H.R. 1527)
• Stay on top of important legislative issues
by subscribing to ADA Action Alerts
ADA.org/engage
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Dentists Doing Good
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Get involved!
• Not just the future … you’re the today.
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We Are Here to Help!
[email protected]
ADA.org/student
newdentistblog.ada.org
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ADA-sponsored Student
Members Insurance
• One of the most valuable benefits of your
ADA student membership.
• Insurance protection offered at no cost to
ADA student members.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
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ADA Members Life Insurance
•No cost to student members during dental
school and residency
•$50,000 of Term Life insurance
•$50,000 of Accidental Death insurance
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
ADA Student Members Disability
Insurance Plan
•No cost to student members during dental
school and residency
•$2,000/month disability income protection
insurance for up to 7 years
•Up to $150,000 to help repay student loans
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
Coverage After Graduation
ADA Members Life Insurance
No Cost During Dental
School
$50,000 Term Life
insurance
After Graduation
$100,000 Term Life
insurance
$50,000 Accidental Death $100,000 Accidental Death
Coverage
Coverage
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
Coverage After Graduation
ADA Student Members Disability Insurance
No Cost During Dental After Graduation
School
$2,000/month disability
income insurance
$2,000/month of Disability
Income Protection
Up to $150,000 to help
repay student loans
$2,000/month of Office
Overhead Expense
(coverage includes student
loan repayments)
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
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What Happens to Your
Coverage After Graduation
•In January following your graduation:
convert the no-cost coverage you enjoy as
a student to ADA Members Insurance Plans
for practicing ADA member dentists.
•More than 100,000 ADA member dentists,
student members and their family members
choose ADA Members Insurance Plans.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
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Insurance: the Cornerstone of
a Solid Financial Plan
Annual Review
Retirement/Wealth Transfer
Discretionary
Purchases
Income
Growth
Insurance
Protection
Children’s
College
Debt
Management
Investment
Strategy
Succession
Planning
Savings &
Investments
Tax & Estate
Planning
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#ASDAnet
3 most common uses of ADA
Members Insurance among
ADA member dentists
1. Debt protection
Insurance helps pay off your student
loans and other financial obligations in the
event of disability or death.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
“I recognized the incredible amount of debt
I had going to dental school, and if I died, I
wanted my parents to have the insurance
money to pay off my student loan. If I was
disabled, I wanted a source of income to
keep me in my apartment.”
Joseph Matrullo, DDS
Cranston, RI
The testimonials reproduced in this presentation were obtained in response to questions posed by
Great-West Life and Annuity Insurance Company concerning the value of insurance.
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3 most common uses of ADA
Members Insurance among
ADA member dentists
2. Dental practice start-up and/or
acquisition financing
Insurance serves as collateral to finance
a loan to build or buy your dental practice.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
“When the owner of the practice I entered as
an associate wanted to sell, I jumped at the
chance. I was referred to a lender to finance
the loan, and the only collateral they would
accept was life and disability insurance.”
Kathy Pawlusiewicz, DDS
Glenview, IL
@ASDAnet
#ASDAnet
3 most common uses of ADA
Members Insurance among
ADA member dentists
3. Protecting your insurability
Insurance enables you to be protected
and stay protected while your career
advances, regardless of your health as
you get older.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
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“Less than two years out of dental school, a
car crash landed me in intensive care for
nearly three months. When I recovered, I
bought as much disability insurance as I
could. If a disability ever happened again, I
wanted something to fall back on.”
Randolph Hatten, DDS
Cornelius, NC
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How can I take advantage of
this valuable ADA student
member benefit?
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Request Activation of Coverage
•All eligible ADA student members can request
activation of the no-cost term life and disability
insurance benefits of membership by creating a
login at:
insurance.ada.org/RegisterNow
•If you’re not already insured, you’ll be prompted
to request activation of your coverage.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
#ASDAnet
insurance.ada.org/RegisterNow
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#ASDAnet
Reward for you
•ADA student members who create a login by
May 31, 2015 will receive a complimentary $5
Starbucks eCard!
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
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Reward for your ASDA chapter
•ASDA chapters that have at least 80 percent
of its ADA student members insured by
May 31, 2015 will earn $500!
Insured ADA student members
ADA student members
≥ 80%
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
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Insurance Plan Specialists
•Discuss features and options under ADA
Members Insurance Plans.
•ADA Member Value – compare plans and
ADA member-only premiums!
•Answer questions about converting your
coverage after graduation – or applying for
additional limits of coverage under ADA
Members Insurance Plans.
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Insurance Plan Specialists
Cathryn Hopson
Michelle Robison
Nancy Fix
303.737.5169
[email protected]
303.737.3787
[email protected]
303.737.5072
[email protected]
@ASDAnet
#ASDAnet
Visit our table!
• Have your passport stamped – we’re
giving away a Nokia Bluetooth Speaker
• We’ll help you create your login or answer
any questions you have
• Grab a gift – everybody who stops by gets
a goodie!
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Important Information
•Proof of good health is required for ADA student
members 45 or older.
•Benefits are not payable for death or disability resulting
from a sickness, disorder, physical condition or symptom
that existed or was treated prior to enrollment.
•Certificates of Insurance will be mailed to eligible
students confirming the effective dates and terms of
coverage.
ADA Members Insurance Plans are underwritten and administered by Great-West Life & Annuity Insurance Company
@ASDAnet
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Important Information
This material is not a contract. Benefits are provided under respective Group Policy Nos.
(104TLP Term Life, 1108GDH-SDP Student Disability, 1105GDH-IPP Disability Income
Protection, and 1106GDH-OEP Office Overhead Expense Disability) filed in the state of
Illinois in accordance with and governed by Illinois law, issued to the American Dental
Association, and underwritten by Great-West Life & Annuity Insurance Company.
Coverage renews automatically each academic year. Each insured receives a Certificate
of Insurance explaining the terms and conditions of the respective policy. Individuals may
convert coverage to the plans for practicing dentists after graduation by paying ADA
member premiums and maintaining ADA membership. Term Life Premiums increase
annually based on age. Disability Income Protection premiums increase every 5 years
and Office Overhead Expense every 10 years based on age. Premium credit for Term
Life is not guaranteed but reevaluated annually. Premium credit for Disability Income
Protection and Office Overhead Expense is not guaranteed but reevaluated semiannually. The ADA is entitled to receive royalties from the ADA Members Insurance Plans.
ADA is a registered trademark of the American Dental Association.
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Contact Us
Phone: 855.411.5199
Email: [email protected]
Online: insurance.ada.org
@ASDAnet
#ASDAnet
Jaclyn Agy
Great-West Financial
303.737.4452
[email protected]
@ASDAnet
#ASDAnet

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