Oxford Benefit Management (OBM)
OBM was started off as a stand-alone company back in NJ.
It eventually got acquired by Oxford Health, and Oxford Health Insurance was acquired by UHC (United Health Group)
OBM provides employers with a unique selection of products to offer employees.
It offers a Nationwide PPO dentist networks (with access to United Healthcare National Dental Network) & has a very low easy to join (minimum of 2 employees enrolled).
OBM bundle these specialty benefits into packages that include
- dental,
- vision,
- and optional life insurance.
3 benefits in one for a long price of around $30-$100/month.
OBM Sample Rate
OBM – Elite vs Voluntary
Participation requirements
Elite Plan: Groups enrolling in Contributory plans must have at least 75% of the active eligible employees enrolled, excluding those waived with spousal coverage (not to fall below 50% of all eligible employees).
[Check List: Employer Contribution needs to be over 50%]
Voluntary Plan: Groups enrolling in Voluntary plans must have at least 2 people enrolling to be eligible for coverage.
[Check List: Employer Contribution needs to be 49%]
*For orthodontia, an employer group must have a minimum of 10 enrolling employees. Orthodontia benefits are for dependent children only up to the age of 18.
Why OBM Elite? If you are eligible to join.
The elite plan is a great value plan, but the gating factor, which is 75% participation ratio is hard to meet. (i.e. if a small family with of 3 siblings, all 3 needed to join before there can join the elite tier.)
The major difference between OBM Elite specialty option is that the coverage for Class III procedure is at 80% vs only 50% for the Voluntary plan.