About PRISM

At their December meeting, the EIA Employee Benefits Committee approved a $5M dividend for the EIA Dental Fixed Rate PPO Segment members of record as of January 1, 2020. Over the past 5 years, the Committee has been very mindful of the program surplus by approving renewals that would utilize unrestricted program equity in order to benefit all program segment members.

The EIA Dental - Fixed Rate PPO Segment has grown to represent 121 program members, cover 35k primary subscribers, and represents $35M in premium volume. This segment of the EIA Dental Program is a self-funded dental pool where members contribute premium towards the payment of claims and administrative costs. The Fixed Rate PPO Segment has continued to have multiple years of favorable claims experience, which was well below expected dental trend and since 2010 has accumulated $17M in program equity. After the setting of designated reserves, which included the 2020 renewal buy-down to a rate pass/reduction, as of September 30, 2019, the unrestricted program equity was $9M. While the $5M dividend represents just over half of the available unrestricted program equity, the Committee agreed to continue to monitor program performance in order to continue to move forward with program equity reduction.

Notification of the declared dividend will go out to applicable program members in the coming weeks. If you have any questions regarding your dental program membership or your entities eligibility for the dividend, please contact Sidney DiDomenico at 916.850.7300.