What Are The Differences Between Dental Insurance And Dental Savings Plans?
dental insurance and dental savings plans, an alternative to dental insurance,
can help you maintain your oral health and overall wellness. Which option you choose
is an individual decision, which should be based on your dental care needs, budget,
Here are some issues to consider when deciding between dental insurance and dental savings
Cost of Dental Insurance
The typical cost of an individual dental insurance policy is around $350 a year.
For a family, the cost is around $550, annually. Dental savings plans are typically
priced at about half of that cost. Dental insurance is usually billed monthly, while
dental savings plans are paid annually. Exceptions can sometimes be made regarding
billing times if requested.
Dental Insurance Deductibles
Usually, insured individuals must meet their plan deductible before dental insurance
begins to cover their dental care. Annual deductibles can vary from $25 to $50 per
covered individual, depending on the dental insurance policy. Dental Savings Plans do
not have deductibles. Members pay an annual membership fee, allowing them to pay
discounted rates at participating dental providers at the time services are rendered.
Dental Insurance Caps
The majority of dental insurance plans cap the amount of reimbursement that they
pay to an annual maximum, usually $1,000 to $1,500 per year. The insured individual
is responsible for any costs incurred after that. This may present a challenge for
people who need a significant amount of dental work done. That said, some insurers
such as Cigna offer members discounted rates, as available, even after the annual
cap is met.
Dental savings plans do not have annual caps.
Dental Insurance Reimbursements
Some individuals with dental insurance policies complain about the process of getting
reimbursed for their dental care. Their issues include having to manage written
claims procedures, exclusions on pre-existing conditions, and waiting periods for
Dental insurance plans will frequently refuse to cover certain procedures or impose
long waiting periods. For example, many dental insurance policies have exclusions
on pre-existing conditions and may require a 6 to 18 month waiting period before
paying for major dental treatment. Conversely, most discount dental plans are free
of these limitations and activate within 3 business days, allowing plan members
to join and start saving on their dental care as quickly as possible. Additionally,
select discount dental plans offer significant savings on dental specialties, such
as orthodontics and teeth whitening, while dental insurance policies very rarely
cover these procedures.
Dental savings plans do not reimburse members, instead members pay a discounted
rate at the dentist. There are no pre-existing condition exclusions or waiting periods
to get care.
Dental Insurance or Dental Savings Plans?
When compared against each other, it’s easy to conclude that dental savings plans
are the best buy. But it’s important to consider your (and your family’s needs,
if you are purchasing a family plan) carefully first.
A good place to start is at your dentist, assuming you have one that you would prefer
to continue seeing. Find out what type of plans your dentist accepts and recommends.
No regular dentist? You may want to choose a dentist by checking his or her online
reviews (you can use the search engine on dentalplans.com to find local dentists).
Once you’ve found a dentist, find out what plans they accept.
Alternatively, you can find dental insurance or a
dental savings plan that meets your treatment needs – whether its cosmetic
surgery, implants, root canals and crowns, or basic maintenance – and then find
a dentist who accepts your selected plan. Here again, dentalplans.com is a great
resource for finding dental insurance and dental savings plans by dental procedures.
Confused by all of the options? Call :DentalPlans’ dental savings experts at 888-632-5353,
explain your needs, and let them help you to pick the perfect plan.