As the year is coming to an end, it’s time to plan for the next one. For many of us, this includes decisions about health and dental insurance plans.
Whether you’re looking to choose a dental insurance plan or change your current plan for the upcoming year, consider these important factors before you decide what will work best.
Review Your Current Dental Insurance Plan
If you have treatment outstanding, please reach out to us soon so that we can complete it before the year is out, especially if you have already met your deductible for the year.
Plan Ahead for Next Year
Some people choose to forgo dental insurance. If you’re wondering whether or not you really need it, you’ll have to do some math to figure it out.
First, add up the cost of monthly premiums and copays required during the year. Then, weigh that against the full-price total for the same services, including preventive care. Which of the two costs more?
If you have children or are prone to dental disease, a dental insurance plan may be a good idea as it may help to reduce out-of-pocket expenses for your household.
What to Consider When Choosing a Dental Insurance Plan
When selecting a dental insurance plan, there are several factors you want to keep in mind:
- Pre-existing conditions: Read the fine print because some plans exclude pre-existing conditions.
- Waiting periods: Sometimes, you’ll have to wait six months to a year before your coverage starts.
- Limitations: Some plans will cover only one crown or implant per year. If you know you’re going to need a significant amount of dental care, definitely be sure to review these details.
- Maximum coverage: Typically, once a deductible is met, most dental insurance plans will only cover about $1,500 per year.
- Copays: Even after your deductible is met, there will likely be copays. Depending on the service and provider, copays usually run anywhere from 50%–80% of the total.