It is crucial that you understand your coverage if you are looking for cheap health and dental insurance plans. Between the time that transpires between getting dental insurance quotes online and signing up for coverage you should learn how your dental insurance policy works.
Three things to look out for are the cost shares (deductible, coinsurance and copayments), the waiting period and the maximum benefit. Sometimes the waiting period is too long and/or the cost share is too high and/or the annual cap is so too low. In these cases, you may be better off self insuring.
Both the potential dental expenses and the available dental coverage are more limited when compared to medical care. If the best policy that you can get will cover $5,000 per year, this is the most that you will lose if you don’t have coverage.
Unfortunately, most policies that you can buy directly from the insurer will have even lower annual limits. Some will have $1,000 annual caps.
Health care is not something that you can self-insure for. This is because you can have medical expenses that can be hundreds of thousands of dollars if you are in a major accident or develop a serious medical disease. A good health insurance policy can pay the bulk of these expenses after you have met your deductible.
Many dental insurance policies will have waiting periods before you are allowed to use the major benefits. This can mean that even though preventative care is covered right away, you may not be able to use your coverage for a dental extraction until you have been insured for 2 or 3 years.
The cap on benefits is often so that your annual premiums come too close to the maximum you can get back from the policy in a year. This is not a good sign. If this is the case, consider self insuring.
Although it is important to have good dental care, it is often not necessary to have dental insurance. Dental insurance is a good benefit to have, but not an essential one. Be sure that you are able to understand how any insurance policy works before you commit to a policy.