Dental insurance can seem like a luxury, especially when the high cost of dental procedures—which are already not covered by insurance—is taken into account. However, according to Bill Schantz, there are many benefits to getting dental insurance, and it can be worth the investment, especially if you are prone to cavities or other major issues that cost more than the average person pays in dental insurance premiums annually.
Whether or not dental insurance is worth it depends on your age, medical history, income level, etc. To know more about dental insurance plans, have a look at this guide by Bill Schantz.
What is Dental Insurance Plan?
Dental insurance pays for a portion of your dental expenses, with some plans offering full coverage for preventive procedures. According to Bill Schantz, these plans generally include an annual maximum benefit amount lower than typical health insurance plans.
Most insurers require you to pay a percentage of covered expenses and provide a plan discount if you sign up during open enrollment, which varies by company but typically occurs between January and March each year.
Why Bill Schantz Recommends Investing In Dental Insurance Plan?
Bill Schantz suggests that dental insurance can save you money over time as there are many benefits to health insurance.
While paying for a root canal or other expensive procedure out of pocket sounds like a nightmare, it doesn’t have to be if you have coverage. Many insurers cap annual and lifetime benefits, so your bill will never go above a certain amount no matter how much dental work you need.
The average employer-sponsored plan also covers preventive care, so you don’t have to worry about going in for regular cleanings and checkups; these are necessary not only for maintaining oral health but overall wellness as well.
According to Bill Schantz, some plans cover more than regular procedures: these include orthodontics (braces), restorative work (tooth implants), and even cosmetic dentistry (whitening). Some plans also cover treatment for those issues if you have an existing condition that requires special attention, such as gum disease or TMJ disorder.
However, most plans do not cover cosmetic procedures that aren’t medically necessary.
How to Use Dental Insurance Effectively?
Dental insurance is an excellent tool for people who already have major dental problems; for anyone with a clean bill of health (i.e., no cavities or major issues), it could cost you more than it saves in fees and co-pays.
To use your dental insurance effectively, always ask your dentist if they accept dental insurance before making an appointment. If they don’t, you will still be able to save by finding out what they accept and choosing a cash discount instead.
If your dentist accepts your insurance, check with them first to make sure your plan includes coverage for preventive services such as cleanings and x-rays. Many plans only cover these services once you have already developed cavities or other problems; it is usually cheaper to go ahead and pay for cleanings annually instead of waiting until you need to visit the dentist for something else.
Talk with them about how much of your treatment will be covered; some plans only cover 50% or 70%, which can add up quickly if you have expensive procedures done at one time.
Bill Schantz Recommends to Choose According to Your Needs:
The pros and cons of dental insurance are complicated and nuanced, but when looked at objectively, it becomes clear that for some people, such as those with a more complex or serious oral health issue, insurance may be well worth it.
For others, dental insurance may not offer any advantages over simply paying out-of-pocket. Either way, an analysis of your unique situation is going to help you decide whether or not dental insurance is right for you.