CHICAGO, Ill.--(EON: Enhanced Online News)--Chicago-based Source 1 Benefits, Inc., a leading, national general agent of ancillary benefits, is pleased to announce that they will implement and manage the dental and vision benefits for retiree members and their families of the Milwaukee Professional Firefighter IAFF Local 215 and the Milwaukee Police Association IUPA Local 21, effective January 1, 2014.
“Like defined contribution plans, which many employers are moving to with the implementation of the Affordable Care Act, group programs such as these will become more common in the marketplace for retirees”
The Unions identified the need for a Voluntary Group Dental and Vision Program for retirees since their current retired public safety officer healthcare package does not offer dental and vision benefits beyond the COBRA period. They selected Source 1 for its expertise in managing these types of programs for other Fire, Police and Labor Unions throughout the country. The plan design for this group product cannot be purchased on the individual market or upcoming state exchanges and is exclusive to the Milwaukee Fire and Police retirees.
President Dave Seager of Milwaukee’s Firefighter Local 215 commented, "As an organization, we are extremely excited to work alongside Source 1 Benefits in providing an option for our members and their families, which they never truly had prior. We look forward to a longstanding relationship with Source 1 so that we can continue to facilitate this important benefit option to all our retired fire fighters and police officers."
“Like defined contribution plans, which many employers are moving to with the implementation of the Affordable Care Act, group programs such as these will become more common in the marketplace for retirees,” says Source 1 Vice President Jack Byrnes. He adds, “Retirees who are pre- and post-Medicare age want access to quality and affordable dental and vision care like they had as active employees—and are willing to absorb the full premium amount on a group level.”
About Source 1 Benefits
Source 1 Benefits is the largest general agency of ancillary benefits in the Midwest. Source 1 provides full-service, one point of access for dental, vision, life, disability and worksite benefits to agents, brokers and consultants nationwide.