While going to the dentist is one of the top fears for most Americans, it’s a necessary part of life in order to ensure your overall health. But, not everyone knows the best way to pay for dental work.
While many people have insurance through their employer, a dental savings plan may be a better option under certain circumstances.
Not sure where to start? Don’t worry, we’ve got you covered.
Let’s take a look at everything you need to know about discount plan risks vs insurance.
Discount Plans
As the name implies, discount plans are a form of coverage that’s centered around saving money. The amount you’ll pay each year is often significantly less than a traditional insurance plan, and you’ll receive a notable discount on procedures and other services.
Those with this form of coverage will also be pleased to learn that there’s often little to no wait time.
But, it’s uncommon for these plans to cover more than half the cost of preventive care or emergency procedures. In extreme scenarios, this could leave you with a bill for thousands of dollars.
This option is most suitable for individuals or families who need to save as much money as possible.
Conventional Insurance Plans
You’ll pay more per year for a dental insurance plan, but you’ll also receive 100% coverage for two preventive care visits each year. These include X-rays, sealant application, and routine cleanings.
Those with this type of coverage will also have access to a network of dentists, providing them with more flexibility when it comes to dental care options. You can also bundle your dental plan with a vision plan in order to save money.
The maximum your insurance provider pays will vary from person to person and is often influenced by your how much you pay for your monthly premium.
But, those who use dental coverage to pay for procedures often experience wait times.
Which Is Best?
That depends on whether or not you have expected dental procedures coming up.
Insurance will more than likely cover the cost of anything work that you need to have done. If it doesn’t, insurance coverage is almost guaranteed to drastically reduce the cost that you would have paid without it.
If you’re going to need root canals, fillings, etc. in the near future, you’ll pay far more with a dental discount plan. As previously mentioned, this often amounts to thousands of dollars.
Those with good overall dental health who are looking to save extra money should be fine with a discount plan. Just keep in mind the risks associated with it (such as paying for a crown after unexpectedly breaking a tooth).
Understanding Dental Discount Plan Risks Can Seem Difficult
But it doesn’t have to be.
With the above information about discount plan risks in mind, you’ll be well on your way toward making the decision that’s best for you.
Want to learn more about how we can help? Feel free to get in touch with us today to see what we can do.