When it comes to our health, one of the most neglected areas of our body is often our teeth. As much as we hate to admit it, regular dental checkups are not always a high priority. Yet leaving dental issues undetected and untreated could lead to more severe problems in the future. (Image Credit: Andrea Piacquadio/Pexels)
Many people put off care due to the worry of expenses. It’s no secret that dental work can be costly, that’s why taking out appropriate dental health insurance for you and your family is crucial.
Below we have compiled our three top tips to help you find the best dental insurance coverage for you and your family this year.
Understand the Different Kinds of Plans and What They Cover
Before you go rushing ahead and signing up for a plan because it looks like the best deal, it’s paramount you understand the different types of plans available to you and what each covers. By doing this little bit of homework, you could save yourself from footing the bill when you didn’t expect to.
There are three primary types of dental insurance plans that individuals, groups, and families can opt for.
An Indemnity plan tends to be the most expensive. With these plans, your insurers will place a spending cap on various procedures. The insurer will not pay out until you’ve had the procedure and filed a claim. If you spend over the cap, that difference is yours to cover. The main advantage of this type of plan is you have freedom of choice over who completes your work.
Preferred Provider Organization Plans
Otherwise known as PPO, this type of insurance is one of the most common in the health market. These plans allow you to choose between a network of providers who have negotiated a fee structure with insurers. If you have to use a specialist or a professional outside of the network, then you are liable for the costs.
Health Maintenance Organization
An HMO plan is the cheapest of all the options. Through these plans, you will be appointed a dentist and must live in the area of said professional. It is the most restrictive type of insurance. However, prices are kept low due to the dentists agreeing on set fees for each specific service.
After choosing which type of plan would best fit your lifestyle and dental insurance expectations, it’s time to get a quote. Many websites offer free quotes for dental plans, so you can find the perfect option.
Consider Your Families Needs
It’s hard to predict the future of yours and your family’s dental health. Nevertheless, most would agree that it’s better to have some cover than none at all.
Try to take stock of your current family situation and find a plan that will cover what you need the most. Do you have teenage children that may need braces? Or do you have an elderly family member that perhaps could need a new set of dentures in the future?
Taking a look at what your family may need in the upcoming years is the best way to start building a tailored plan.
Crunch the Numbers for Your Budget
Don’t be fooled by flashy deals and companies boasting about low premiums. Behind the scenes of these deals are often horrid figures. These include large deductibles, low annual maximums, and unimpressive coverage percentages.
You may also find that the lower your monthly premiums, the longer waiting times there are to claim for services through your new policy.
Take the time to crunch the numbers and decide what you can afford each month. Aiming too low and not reading the fine print could see you paying out more in the future regardless.
On the other hand, signing up for premiums that you can’t afford in the long term could land you in serious debt and without cover.
The Bottom Line
When preparing to take dental insurance for you and your family, first stop and think. Decide what your needs are from your plan and what compromise you’re willing to make. Take some time to research the different insurance types and choose which one would be a better fit for your family.
Once you have done this evaluation, it’s time to think about your finances. Make an incoming and outgoing plan to ensure you stay within your means each month. After all of these decisions have been made, you can then sit down and browse the most appropriate dental plans and gather quotes.
Taking out dental insurance may sound like a headache, but it doesn’t have to be. Follow our simple tips to find the best plan for you and your family.