Alongside health insurance and life insurance, dental insurance is considered one of those expenses that, despite its relative expense, just isn’t worth missing out on. Our teeth are highly important, and issues that can arise over time can quickly change from painful annoyances into incredibly costly or otherwise painful experiences. From fillings to teeth removal, dental work tends to be expensive.
For this reason, the vast majority of working adults take the cost in stride and purchase insurance for their teeth, either through their employer’s discounted package or independently. This allows a professional to keep their teeth healthy and clean, often through routine and regular check-ups. It’s thought of as a financial necessity, and for millions of hardworking professionals, it certainly is.
However, there’s a hidden secret of dental insurance that many people fail to realize. Despite the high importance of the service itself, a lot of the cost of dental insurance goes towards goods and services that we’re never likely to need. A large portion of your policy may be used for expenses that you’re unlikely to encounter, grossly inflating the total cost of your dental insurance policy.
This is a reality of insurance – all types of insurance, in fact – that often flies over people’s heads due to their insistence on buying the most comprehensive and costly package available. As far as mindsets go, it’s one that’s easy to understand. With plenty to risk in a worst-cast scenario, many people opt to protect themselves against all risks, purchasing dental insurance that’s too thorough.
Thankfully, it’s possible to save large amounts of money on your dental insurance by purchasing a policy that isn’t loaded up with unnecessary services and coverage for things you’re unlikely to see on a dental bill. As insurance policies should be built to meet your needs, it’s often important that a policy is custom-built for your particular requirements, rather than being built for the masses alone.
Most people have healthy, well cared for teeth, despite the efforts of dentists and dental products companies to convince us otherwise. We eat relatively healthy foods, clean our teeth on a regular basis, and practice good oral hygiene. However, the majority of dental insurance policies tend to appeal to those that don’t, providing coverage that, for many people, just isn’t really necessary.
You can avoid this unnecessary coverage – often bonus check-ups, dental exams, and other things that are superfluous to real dental care – by purchasing a low-cost dental insurance policy. Despite the fear in many consumers of low-cost or discounted insurance, the vast majority of cheap dental insurance policies don’t provide poor service, merely a less comprehensive service than others do.
For example, if you’re a young and healthy adult, the likelihood of you requiring dental implants or replacement teeth is so low that mitigating against the risk of this situation with a costly insurance policy just doesn’t make sense. Likewise, people that need only once-annually check-ups aren’t in a position to purchase ultra-comprehensive coverage, as it just isn’t necessary, and is quite wasteful.
By cutting this ‘fat’ from your dental insurance policy and instead investing in a low-cost dental insurance scheme, you can cut a significant portion from the cost of your insurance. You’ll keep almost all of your access, too, with the vast majority of dental services still covered. From quick check-ups to fillings and braces, most services are covered under low-cost dental insurance.
There are, however, situations in which the least expensive dental insurance policy isn’t the ideal option. Many people, in search of the cheapest coverage possible, choose to purchase a low-cost dental plan rather than insurance. These plans don’t offer coverage as such, and instead let those who invest in their services pick from a range of cheap providers, often at lower than standard rates.
The upside of this policy is that in the event of you not requiring dental care, you’re unlikely to run into anything more than the bare minimum of expenses. However, should something go wrong and you require dental procedures, the costs can be quite significantly. You’ll still save money, but you won’t end up with overall cheaper coverage than you’d receive with a full dental insurance policy.
However, if you believe that you’re unlikely to run into dental issues, these plans can be a smart and cost-effective investment. It’s worth noting the expense of various dental treatments before you pick one, however, as these can be quite expensive. Dental implants, braces, and other services can often run into the thousands of dollars, making a ‘cheap’ plan an expensive option in the worst of cases.
Alternatively, it might be worth speaking with your employer to see if they offer any level of dental care with their healthcare insurance. Many employers aren’t forthcoming with information on all of their coverage options. However, once you speak with them – either through a representative or just with a human resources advisor – you may find that you already have access to dental insurance.
As with all forms of medical and personal insurance, dental insurance isn’t something to be passed over in search of a quick saved buck. However, in many cases, low-cost dental insurance can help just as much in tight situations, all the while saving you money. Do your independent research and understand exactly what your policy offers, and you’ll be healthy and financially safe in the future.