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Far too many Americans are putting off crucial dental care. In fact, more than half of all Americans delay or skip recommended dental procedures.
Cost is the primary reason that people are delaying care. For a reasonable monthly premium, you can use dental insurance to help cover the costs.
Shopping for dental insurance can seem overwhelming. There is so much to consider like copays, deductibles, and coinsurance.
Read on for a simple guide on how to choose dental insurance. Explore tips for picking dental insurance and what to look for when shopping around.
Biweekly or Monthly Premiums
Typically, people manage their finances with a monthly budget. The first thing to see is how much dental insurance you can afford on a monthly basis.
Premiums are withheld from your paycheck if your employer manages dental insurance. This often occurs on a biweekly basis.
For those buying insurance privately, there is more flexibility. You are not beholden by your employer’s withholding practices. Some people elect to pay premiums monthly instead of biweekly.
Monthly premiums are only one part of the equation. You can get an affordable dental plan that does not provide quality coverage.
At the same time, you can find overpriced plans. You can strike the right balance by diving into the policy’s specifics.
One thing to look for is the policy’s deductible. You may find an insurance plan with low monthly premiums and a high deductible.
Full coverage does not kick in until you reach the deductible amount. Consider a plan that has a $1,000 deductible. This means that you will not see coinsurance applied until you spend $1,000 in out-of-pocket dental costs.
In an ideal situation, you want to find a plan with a low deductible and monthly premiums. The next step is to weigh the coinsurance coverage.
Coinsurance means that the price of dental services is split between the patient and the insurance company. When you are shopping for dental insurance, you want to find the most favorable ratio.
For example, quality coverage may be a ratio in which the insurer covers 80% of dental costs and you pay 20%. One thing to note is that insurance companies have different tiers of coverage depending on the complexity of the procedure.
You may see plans in which preventative dental care is covered 100%. Routine corrective procedures like fillings may have coinsurance rate of 75%. However, more complex procedures like crowns may be covered at a 50% rate.
Each policyholder has different needs. Some carry dental insurance so they can get their family members x-rays and biannual cleanings.
Others need more extensive coverage. Perhaps their children need orthodontic coverage for braces. Some people have extensive oral health issues and need to ensure specific dental procedures are included. It is important that you review the policy’s brochure for these details.
A Recap of How to Choose Dental Insurance
Do not push off dental care until it becomes a more costly procedure. Delaying a dental procedure can result in negative health consequences as well.
The solution is to find an insurance plan with extensive coverage and a low deductible. If you enjoyed this article about how to choose dental insurance, check out our blog for more great content.