Dental insurance is something that is often not covered in a standard group medical insurance plan offered by an employer, or even in a robust individual health care plan. For that reason, dedicated dental insurance plans have come into being, offering a range of care options to help offset dental costs, depending on an individual’s or family’s dental needs. Dental insurance quotes will vary significantly from company to company, and based on what type of annual coverage and payment structure is selected by the client.
Three Common Types of Dental Insurance and How They Work
The most common type of dental insurance is a Dental Health Management Organization. This is very similar in structure to a traditional HMO, the differences being that there is no standard annual maximum as there is in the field of health care, and that coverage and limitations are subject to a wider variance as they are less regulated by state and federal law.
In a similar vein to a standard HMO, a DHMO is paid out on a per-capita basis to service providers – that is, dentists are paid a standard amount per visit, rather than charging for individual services. This leads to the second type of dental insurance – indemnity individual. In this case, a client chooses their dental provider and pay an agreed upon dental insurance premium. The company then reimburses the dentist on a per-service basis.
The last type of dental insurance plan is a PPO dental plan that allows clients to pick from a panel of certified dentists. This type of plan falls between a DHMO and individual plan. Each plan can be customized to suit an individual”s needs, and dental insurance quotes will vary as much based on that as on the type of plan selected.
Dental Insurance Plans – Who Sells Them and What They Offer
Dental insurance quotes and plans can be obtained from a number of sources, the most common being an employer, a local registered broker or an online web provider licensed to sell insurance. Each source has its benefits – the dental insurance quotes from an employer will likely be cheaper than those from a broker, and while individual dental insurance purchased online may come with a low price tag, it could include a high deductible or co-payment, along with a small yearly maximum. No matter the source, getting as much information about what kind of plan you are getting including exact coverage amounts is key to making smart insurance decisions.
With the myriad of dental insurance options available, it can be hard to sort through what is good for your budget and what only seems reasonable on the surface. A plan with a low premium but no coverage is as useless as a sky-high quote you could never afford – both will leave you uncovered in an emergency. Fortunately, we know a great deal about dental quotes, so stop by and let us help you find the best quote for your dental needs.