Dental insurance is confusing…It really should save you money, but it depends on your circumstance and needs. So read on to discover how dental insurance can effect your smile and your wallet!Insurance might make more sense under the following circumstances;if you..

And depending on your needs, certain plans could be more beneficial:

But, dental insurance only covers a percentage of dental care expenses in exchange for a monthly premium.

This means for most people, the less one can pay in premiums the better. Because in most cases the dental work you’ll really wish you had insurance for will be far beyond any plans maximum.

So what are these expenses…

The Costs of Dental Insurance

Dental care can be expensive, even with insurance. In addition to a monthly premium payment, there is usually a co-payment at each visit and a coinsurance responsibility. Understanding these costs takes time and a good way to find out what you’re actually paying is to analyze all your annual dental expenses versus what was covered… and remember to include the cost of the dental plan itself.Additional expenses can include:Deductible: The specific out-of-pocket expense before the insurance company begins making payments for any claims. It is not part of the copayment.Copayment: The fixed amount paid at the time of the dentist’s visit. It is a separate charge and not applied toward your deductible, which you need to reach before insurance kicks in.Coinsurance: Given as a percentage, coinsurance is what you pay after satisfying the co-payment and/or deductible for the plan. This can vary for different services.Maximum out-of-pocket cost: is the total amount policyholders will have to pay for dental care throughout the year.That sounds like a lot, so what is covered….

Included Dental Services

Dental insurance companies separate dental care services into various categories and based on the service you require you may need to buy a bigger plan that can bundle more treatments together.These service categories can include:

In general, every plan covers preventive care and basic procedures, but it’s uncommon to find insurance that covers major dental work past a certain dollar amount.

(RELATED: We have a great offer for you. Get a dental exam without insurance, (including xrays and cleaning) to keep your teeth in top shape. Uninsured New Patient Exam only $89.)

So which is best?

Comparing Coverage

Premiums vary greatly, not only by the type of plan, but by location and age. So you’ll want to obtain a few quotes from insurance companies that provide coverage in your area. You’ll also want to verify that your dentist accepts your chosen insurance before you sign up with a new provider.Here are some plans to think about.

DPO/PPO Plans

Pros

Cons

HMO/Prepaid Plans

Pros

Cons

Traditional Plans (Indemnity or Fee-for-Service)

Pros

Cons

Discount Plans

Pros

Cons

But what if it doesn’t add up?

Can I Cancel or Change My Dental Insurance?

Dental insurance is purchased separately from health insurance and generally you can cancel a dental plan at anytime, by not paying, if it’s a stand-alone dental plan. If you have a plan that includes dental, you can switch it during open enrollment, but can’t drop the dental part of the plan without dropping the whole plan.Or, what will happen if I just do nothing?

The Cost of Reactive Care

You could be the most dedicated brusher and flosser and still have dental problems if you go years without seeing a professional.“I’ve had patients with excellent home dental care still develop severe gum disease from years of tartar build up” says Dr Gopisetty, a dentist in Wicker Park, Chicago. “Also patients that fail to come for regular checkups and cleanings can have decayed teeth that were previously small, fixable issues.”While some financial planners suggest dental insurance may not be worth paying for, our math shows it is usually worth it, provided you attend all of your allowable preventive exams and cleanings. We also learned that if you need any type of work such as a root canal or filling, you will definitely notice cost savings.In addition to financial costs, there’s pain and often embarrassment that comes with dental problems. Few pains are as brutal as a toothache and few imperfections make you more self-conscious than missing teeth.

Should I Buy Dental Insurance?

For some people, buying dental benefits may cost more than paying a dentist’s office directly, so you need to consider what kind of care you receive from your dentist. Are your regular checkups enough, or do you routinely need procedures (like cavity fillings) performed?Talk to your dentist about your dental history and possible care needs before making your decision and because your health is always changing, revisit these conversations with your dentist before your policy is renewed each year.Then you can start to save money.

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