Like all things financial, determining the differences among dental plans, dental insurance, discount dental plans, and dental health plans may soon have you throwing up yurt hands in despair. So forget about all of that. The two combatants in an article on plans versus insurance are plans, and insurance. Sounds much less confusing now, does not it?
Most of us, thanks to having medical insurance (at least those of us who DO have medical insurance) understand the concept of insurance, and only two decades ago insurance pretty much had the financial assistance field to itself. Insurance was commonly available through an employer, or as an employee group benefit, or could be added to an employee's medical benefits for a nominal premium increase. But that was then; this is now; and my, how times have changed. There are estimates that as many as 70% of all Americans are without insurance of any kind.
And those who are "lucky" enough to have insurance coverage are shelling out hefty premiums ($ say 600 a year for an individual or $ 1200 a year for a family) for policies that have both hefty annul deductibles and annual coverage caps, do not cover pre -existing conditions, and will only pay a percentage of all but routine procedures (and that's only if you meet your deductibles) like cleanings, fillings, and X-rays.
Is it any wonder, then, that the topic this article is Dental Plans Versus Dental Insurance?
Dental plans are the professionals' answer to the rising costs and diminishing returns associated with insurance, and are membership based plans which offer, for a nominal monthly fee, discounts on all Care visits and procedures. Plans have networks of participating dentists, any of whom you can use, and all of the dentists in a plan have agreed to charge the same reduced fee for their services. The only catch is that the patient must pay for the service at the time it is performed.
In the Plans Versus Insurance debate, the dentists who belong to dental plans come out ahead because they get paid immediately, and do not have to bother with filing insurance claims which could take months to be reimbursed, or even worse, be denied for some obscure reason hidden in the patient's policy.
Dental plans can save patients as much as 50% on the cost of all procedures, and even better, they will treat pre-existing conditions. And there's' no qualifying period; your plan discounts will be available to you as soon as you get your membership card.
No premiums, no deductibles, no exclusions for pre-existing conditions. And if you do not like your first choice of network dentists, you can simply see some others until you find one who meets your needs.
Dental plans versus dental insurance – and the clear winner is … (You decide!)