While discount dental health plan are often presented to sound similar to dental insurance plans, they are different. Unlike conventional dental health insurance, discount dental plans do not pay for procedures. However, they do provide an affordable alternative to dizzyingly costly dental procedures by offering discounts on the performed work.
Discount dental plans have various differences from traditional dental insurance plans. However, the most glaring difference is how they save money for plan holders. With conventional dental health insurance, the health insurance provider will cover for the majority of the procedures while they do not offer any discount. Normally with dental insurance, the patient is required to pay for a portion of the expenses of the coverage.
Who can benefit from discount dental plans?
Individuals who may be self-employed, works under a company that do not provide dental insurance in their benefit package are the ones who will benefit best from dental discount plans. While dental discount plans do not provide absolute insurance coverage, they offer an affordable alternative to expensive insurance premiums.
One of the most obvious differences between a discount dental plan and a dental insurance is the cost. Almost anyone can have access to discount dental health plans. A discount plan normally offers a low monthly or annual fee for basic preventative and diagnostic dental services. These types of plans usually appeal to younger patients because there is absolutely no paper work involved, and there are no deductibles or yearly limits.
The good news is that since there is no high deductible or premium to worry about, discount dental health is extremely affordable as compared with regular dental insurance plans. Instead of paying the monthly charges on your insurance plan, you could be saving or investing your hard-earned money on more important things such as your children’s college funds.
The payment processing is similar to joining a gym or health club. You pay an annual fee to be part of the discount plan and in return, the plan negotiates a lower price for you when you make an appointment to your dentist.
The price for an individual discount plan ranges from $80 to $100 per year. On the other hand, a regular dental insurance plan goes as high as $35 per month. Not only that. Insurance plans are bound to have yearly limits. If you are required to pay all or a portion of the premiums for dental insurance, then it’s best to settle for a discount plan because it gives almost the same benefits without the crippling costs!
Conventional Dental Health Insurance Drawbacks
You Pay More
Conventional dental insurance does have its own share of disadvantages. Besides the expensive premium amount, you are most likely to have only basic dental care coverage. If you need care that is not covered by your insurance policy, you will have to pay the full amount of the procedure out of your own pockets.
Another problem with traditional dental insurance plan is that you will have to face is higher deductibles. If you not don’t visit your dentist often and your deductibles is fairly high. You will find that you never spend enough on dental health care to cover the high deductible. If this is the case for you, you are possibly wasting thousands of dollars on an insurance policy that you never get to benefit from.
Not All Dentists Accept Insurance as Payments
What your insurance agent might not tell you is that there are some dentists who do not accept insurance as payment for their services. Patients from these dentists are required to pay the expenses for the procedure being perform right off the bat. It’s up to the patient to ask for payments from their respective insurance provider.
The worst part is that it is not uncommon for insurance providers to pay only a fraction of the amount required rather than the whole charges incurred. This means that insurance holders are likely to have unexpected expenses once they undergo major dental procedures.
While purchasing a dental insurance plan seems like the best option, it is not. This goes especially for people who are not able to afford the dental insurance’s high costs. Contrary to popular belief, discount dental health plans, though much less expensive compared to its counterpart, does not compromise on the quality of procedures. You could choose the services of a renowned dentist and still pay less.