Everything You Wanted To Know About Dental Insurance!
How exactly does Dental Insurance work?
Most dental plans have networks of providers, or preferred dentists. If you choose a HMO or preferred provider organization plan, using an in-network dentist will save you the most money. You can still see an out of network provider but the costs per visit may be slightly higher.
Types of dental insurance networks include:
An HMO network, in this case you must use a particular provider which you have an option to change but typically these types of insurances completely cover only your basic cleaning and very little of the more complex procedures.
A less restrictive PPO network, where you can pick your provider more easily but may have to pay a larger amount if you decide you want to choose an out of network provider
There are also idemnity plans but in these plan you always pay completely up front and then file a claim and hope the insurance pays you
Dental PPO plans are the most common and generally have an annual/yearly deductible up to as much as a $100. A deductible is the amount of money that you have to pay the provider before the insurance plan begins to pay. After paying your deductible, depending on your insurance they typically still only pay a percentage of services. The most common is the “100-80-50 plan” that covers:
100% of preventive cleanings and care.
80% of common procedures such as cavity fillings.
50% of major work such as bridges and extractions.
Indemnity and PPO dental plans generally cap the total amount they pay toward your care in a year. This is called the annual maximum benefit. Annual maximums are important to consider if you are thinking about getting full mouth restorative work done.
HMOs usually also have deductibles that you have to pay but they are lower and you also have to pay them every time you go into an office. Also, HMOs usually only provide you a discount on other services outside of preventative care and those discounts are never close to the percentage savings that you would get with a PPO. In an HMO you are also regulated to using a single dentist so if you are considering the HMO route you may want to consider using a multi specialty dentist to avoid a circumstance where you aren't able to get the work you require without having to go completely out of pocket.
Group dental insurance
Over 90% of Americans get their dental coverage through their employer. Because employers get a group rate and often pay a portion of workers’ dental insurance premiums, group dental insurance is also the lowest cost dental coverage.
If your employer offers dental insurance, this is going to be your cheapest option of achieving suitable coverage for all your dentistry needs.
Individual dental insurance
The alternative option if your employer doesn't offer you insurance or if you are self employed is to seek out a dental insurance plan online. They generally cost less than $50 dollars per person but often have rules that group dental insurance doesn't have such as:
12-month minimum contracts.
Six- to 18-month waiting periods before they will pay for serious or expensive procedures.
Dental discount plans
Also called dental savings programs, these plans are an alternative to dental insurance and operate more like a membership club than an insurance plan. They can't be added to a dental insurance plan and also have networks of dentist so before you choose a dental discount plan make sure that your network doesn't have providers that are very far away from where you live or work. The dental discount plan will give you a discount on the cash rates that are posted at your dentist office but are still going to be more than you would pay if you had a dental group insurance plan.
Paying in cash
Paying in cash obviously provides you with the flexibility to choose your provider and timing of your treatments. Most providers tend to give steep cash discounts to these patients which can be helpful but if you are seeking dental work that reaches into the tens of thousands of dollars, dental insurance may have provided a larger savings.
The right dental coverage for you
Whatever you situation is with your teeth finding the right coverage that fits your lifestyle is important as without proper general care you are certainly going to have larger downstream costs to worry about. We hope this information provides you some insight into what might work best for you. As always, make sure that wherever you are getting dental treatment you look over your treatment plan before beginning a procedure and ask questions about what costs you may incur.