CompBenefits

What CompBenefits does

CompBenefits Corporation was a U.S. dental and vision benefits administrator headquartered in Atlanta, Georgia, with operational support in Tampa, Florida. Founded on dental and vision operations dating to 1968 and legally formed in July 2000 when CompDent Corporation acquired Florida-based OHS and rebranded, the company built a multi-product portfolio covering dental HMO (C Series, CS Series), PPO (Elite Preferred), indemnity (Elite Choice, Schedule D, Schedule 75), discount (CompSave, Texas Dental Plans, NationalDental Plans), and hybrid (AdvantagePlus) plans, along with vision products (VisionCare Plan, Primary Plus). Its proprietary MyCompBenefits.com portal supported member self-service, provider search, eligibility verification, electronic EOBs, and ACH applications, and the company offered medical-integration capabilities to share dental/vision encounter data with medical carriers and disease management vendors.

The company served roughly 17,000 employer groups and nearly 5 million members across 31 states (with discount plans in 36 states), spanning employer-sponsored, individual, and government segments including a seven-year Federal Employee Dental and Vision Benefits Program contract covering 23 states and more than 55% of the 8 million eligible federal population. Distribution was primarily through an extensive agent and broker network with commission-based and advance-commission compensation, supplemented by direct-to-consumer online enrollment (CompBenefits Direct) and provider referrals; pricing was subscription-based on monthly billing across plan tiers.

CompBenefits was backed by private equity sponsors TA Associates, Golder Thoma Cressey Rauner, and Fleet Venture Resources from the 2000 OHS acquisition onward, reached 501-1,000 employees, and grew at approximately 10% annually in 2005 (with 30%+ growth in six states). The company filed for an IPO in December 2006 but ultimately accepted an acquisition by Humana Inc. (a Fortune 500 health benefits company with ~11.3M medical members), announced June 2007 and completed October 2007.

Name

CompBenefits

Legal name

CompBenefits Corporation

Website

https://compbenefits.com

Company type

Private

Founded year

1968

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

CompBenefits was a U.S. dental and vision benefits administrator serving roughly 17,000 employer groups and nearly 5 million members across 31 states, with multi-channel distribution through agents, brokers, and direct enrollment. It was acquired by Humana in 2007.

Ownership category

akta.pro rank

Product category

Dental and Vision Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Agencies and Brokerages (524210)

SIC

Accident & Health Insurance (6321)

akta.pro primary industry

Employer-Sponsored Dental & Vision (Group) (FSAIAHAH)

akta.pro secondary industries

Group Dental Plans (Employer-Sponsored) (HLAEAIAG), Combined Dental & Vision Insurance (FSAIAHAC), Vision Provider Networks (PPO/HMO) (FSAIAHAG), Dental PPO Plans (HLAEAIAA)

Keywords

• Dental insurance plans
• Vision insurance plans
• Employee dental benefits
• Dental HMO PPO products
• Vision care coverage

Headquarters

HQ city

Roswell

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: CompBenefits generates revenue through premium payments from employer groups, government programs, and individual members for dental and vision insurance coverage. The company offers multiple plan types including DHMO, PPO, indemnity, and discount plans with varying premium structures.
2. Agent and Broker Commissions: Agents and brokers sell CompBenefits products and earn commissions on new group enrollments. The company offers advance commission payments where annual commissions are advanced following first month bill reconciliation for new groups meeting minimum enrollment thresholds.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

CompBenefits designs, underwrites, and administers dental and vision insurance plans for U.S. employer groups, government programs, and individuals. Its offering spans DHMO, PPO, indemnity, discount, and hybrid dental plans (including the AdvantagePlus hybrid line) plus VisionCare and Primary Plus vision products, distributed through an agent/broker network, direct online enrollment, and provider referrals across 31 states.

Product overview

CompBenefits offers a comprehensive portfolio of dental and vision care insurance products and services. The company provides multiple dental plan types including discount plans, dental HMOs (C Series and CS Series), hybrid plans (AdvantagePlus), PPO plans (Elite Preferred), and traditional indemnity plans (Elite Choice, Schedule D, Schedule 75). For vision, the company offers the VisionCare Plan for eye exams, glasses, contacts, and LASIK discounts, and Primary Plus for routine and medical eye care. Products serve employer groups, government-sponsored plans, and individuals across 31 states with nearly 5 million members.

Differentiator

Problem solved

Functional benefit

Brands

• AdvantagePlus: Next-generation hybrid dental plan combining features of DHMO and PPO plans, costing 30–40% less than traditional dental insurance with no hidden costs, no claims to file, no deductibles, no annual maximums, and no waiting periods.
• VisionCare Plan
• Primary Plus
• CompSave
• Elite Preferred PPO
• Elite Choice
• C Series / CS Series Dental HMOs
• Access Plans

Products and services

• Dental Discount Plans (Direct Discount Dental, CompSave, Texas Dental Plans, NationalDental Plans) Discount dental plans that provide access to care from a network of screened dentists at reduced fees, with no pre-existing condition limitations, no claim forms, and no waiting periods; available to individuals and groups across 36 states.
• C Series Dental HMO Dental HMO plan covering routine and preventive care with small office visit co-pays; no hidden costs, no deductibles, no benefit maximums, and no waiting periods. Available in AL, FL, GA, IL, IN, KS, KY, LA, MO, MS, NC, OH, TN, TX, WV.
• CS Series Dental HMO Dental HMO plan similar to C Series that includes orthodontia benefits and set co-payments for specialist care. Available in AL, FL, GA, IL, IN, KS, KY, MO, OH, TN, TX.
• Dental AdvantagePlus Hybrid Plan Hybrid dental plan combining HMO-style ease of use with PPO-scale dentist networks, featuring fixed co-payments, no claims filing, no deductibles, no annual maximums, and no waiting periods; available in FL, IL, IN, KS, KY, MO, OH, TN, TX.
• Elite Preferred PPO Preferred Provider Organization dental plan with in-network and out-of-network options, easy-to-read schedules of benefits, simple claims filing, and deductible and plan maximum provisions.
• Elite Choice Traditional dental indemnity insurance plan offering freedom to seek care from any licensed dentist without network restrictions; nearly full reimbursement for cleanings, x-rays, and oral examinations; deductibles and plan maximums apply.
• Elite Schedule D and Schedule 75 Indemnity insurance plans providing fixed reimbursement schedules based on a schedule of benefits, allowing members to see any licensed dentist and submit claims for reimbursement.
• VisionCare Plan Vision insurance plan covering routine eye examinations, glasses, contacts, and LASIK surgery discounts, with dual choice between in-network and out-of-network providers and periodic comprehensive eye exams.
• Primary Plus Vision Plan Vision health plan providing routine eye care, eyewear, medical treatment of eye diseases, and surgical care through a network of optometric physicians and ophthalmologists tailored to match health plan benefit designs.

Quantifiable outcome

• 30-40% cost savings compared to traditional dental insurance plans with AdvantagePlus
• +4 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• HumanaflagshipOthers · 19 June 2007Humana acquired CompBenefits Corporation in 2007. Humana is a Fortune 500 company headquartered in Louisville, KY and one of the nation's largest publicly traded health benefits companies with approximately 11.3 million medical members. The acquisition enhanced Humana's dental member base and expanded its portfolio of health insurance products and related services.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Guardian Life Insurance Company of America: Mutual insurer offering dental, vision, and other employee benefits primarily through employer/worksite distribution; competes with CompBenefits in mid-market employer dental and vision benefits.
• MetLife: Large diversified insurance carrier offering dental, vision, and other employee benefits; competes head-to-head with CompBenefits in mid-market employer dental/vision benefits as part of a much broader product portfolio.
• Cigna: Global health services company offering dental and vision insurance alongside medical coverage; competes with CompBenefits for employer-sponsored dental and vision benefits, often through integrated total-benefits packages.
• Anthem (Elevance Health): Major Blue Cross Blue Shield-affiliated carrier with dental and vision products sold to employer groups; comparable to CompBenefits in employer-sponsored dental/vision benefits and state-level market presence.
• Aetna (CVS Health): National health benefits carrier with dental and vision product lines serving employer groups; a broad incumbent competitor with greater scale, integrated medical-dental offering, and brand recognition in the employer benefits market.
• UnitedHealthcare (UnitedHealth Group): Largest U.S. health insurer with dental and vision offerings sold to employers and individuals; overlaps with CompBenefits in group dental benefits and agent/broker distribution.

Emerging players

• Careington International: Privately held dental and vision discount-plan provider; competes most directly with CompBenefits' CompSave / discount product line and shares the multi-state discount-network business model.
• Solstice Benefits: Specialty carrier offering dental, vision, and ancillary employee benefits; comparable niche competitor in the dental/vision benefits space with similar distribution through brokers and employers.

Direct peers

• Delta Dental: The largest U.S. dental benefits carrier operating through a network of independent Delta Dental member companies; directly competes with CompBenefits for employer-sponsored and group dental plans with comparable DHMO/PPO products.
• Humana Inc. Acquirer of CompBenefits in 2007 and a Fortune 500 health benefits carrier offering medical, dental, and vision plans; the most directly comparable carrier given product overlap and ultimate consolidation of CompBenefits into Humana's dental and vision portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/humana
• Facebookfacebook.com/humana
• LinkedInlinkedin.com/company/compdent-dental-provider

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CompBenefits