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Dental Insurance
Buying Group Dental Insurance

Dental Insurance - Buying Group Dental Insurance

Dental Insurance - Buying Dental Insurance

Would you pay $160,000 per year
to insure your $320,000 home?

Would you pay $500 per year
for $1,000 of dental insurance?


Here's a typical group dental insurance plan ...

Premium = $42 per month = $500 per year
Preventive Services:
100%
(rate shown is for an individual) Restorative Services: 80%
Maximum Annual Benefit = $1,000 Major Services: 50%

Let's say you need an $800 root canal (restorative) ...

You first pay the $50 deductible.
The dental insurance pays $600 (80% of $750).
You then pay the remaining $150 (20% of $750).  

You've now paid $500 for the dental insurance, $50 for the deductible, and $150 for the root canal.  That means you've paid out a total of $700 to receive $600 from the dental insurance.  Does that really make sense?

What if you didn't need dental care other than maybe a couple of cleanings during the year?  And, how many people really have two cleanings each and every year?  If you did have those two cleanings (about $100 each), you'd still have $300 in your wallet instead of having paid out the entire $500 to the dental insurance company.

There's a lot more to this equation ...

The American Dental Association tells us that "almost 35% of people with dental plans do not receive dental care in a given year.  Of those who do receive dental care, most incur dental care of just less than $300 annually."

We can now make a case for dental insurance, no dental insurance, partial self-funding by the employer, no partial self-funding and voluntary dental insurance.  Which one fits you?

One thing is clear ...

As dental care plans, dental care and dental insurance costs continue to increase along with health insurance, gas prices, food prices and everything else, we should begin looking at things differently.  Would taking another look at dental insurance be the place to start?


If you want to control your dental insurance costs, we can help.

Want More Info? ... Russ Swallow ... 508-831-0805
(or use e-mail address below)

We're located in Worcester and serve the dental insurance needs of the small to mid-size business located in Worcester, Worcester County, the MetroWest area, Massachusetts, Connecticut, Rhode Island, Pennsylvania and Maryland.
   

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russ@benefitslab.com

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