In a study done by the National Association of Dental Plans, about 64% of US residents have dental insurance coverage. The global dentistry market is rapidly growing following increased cosmetic surgeries and periodontal diseases.
Are group dental plans worth it? Employers often opt to buy group insurance plans for their employees. These dental plans are cost-effective and help them retain their employees.
Employees with dental insurance are more satisfied with their work environment since they know they are well cared for.
Here are some of the factors you should consider before choosing insurance coverage.
The Coverage
The cost of dental insurance depends on benefits, deductibles, and premiums. Good dental insurance should cover preventive maintenance, restorative, and orthodontic services. It’s important to ask the insurance company for a plan of the services covered.
If you want comprehensive coverage, go for insurance with in-network and out-of-network facilities. They are pricier but flexible since they have a larger provider network.
Consider a dental health maintenance organization (DHMO) if you are working on a budget.
Annual Maximums
An annual maximum is the amount of money that an insurance provider will pay during the benefit period of a calendar year. When you max out this value, the insurance company isn’t stipulated to cover your bill until it’s reset for the next benefit period.
Good dental insurance should have Health Reimbursement Arrangements (HRAs) to pay for your employee’s medical expenses. This is applicable in cases where the insurer uses their own money to cater to medical expenses.
Deductibles
This is the amount of money you have to pay before your medical insurance starts to work. On average, most deductibles range between $25 and $100 per year. The higher the deductibles, the less you pay for insurance.
Your insurance coverage should be flexible and have a coinsurance plan. This plan works on a percentage basis where you share costs with the insurance provider.
Waiting Periods
It’s very important to know how long you’ll wait before your dental insurance starts. The waiting period ranges from a month to a year from the date you purchase the insurance.
Most insurance companies still cover preventive maintenance and dental exams despite waiting. Make sure to choose an insurance company with more benefits and little to no waiting periods.
Customer Satisfaction
It’s important to check the providers’ ratings before settling for them. The ratings are calculated using customer reviews and complaints.
The reviews often disclose how the company meets the customers’ needs. You can also ask other employers about insurance companies with the best group dental plans. This measure cuts the hassle and saves you time.
Get the Best Group Dental Plans
Going to the dentist can be scary. This is because of the inconveniences involved when finding a dentist covered by insurance. It’s frustrating to visit a dentist only to find that your insurance doesn’t cover the dental plans.
Are you looking for insurance coverage with group dental plans for your employees? Contact us now, and we will help you figure it out.
