Unfortunately, it can cost a lot of money to get your teeth looking nice. This is especially true if your teeth need a lot of dental work. Though dental insurance can cushion these costs, it can be confusing.
Because of this confusion, you may be wondering, “how does dental insurance work”?
To help clear up this confusion, here’s everything you need to know!
The Basics of Dental Insurance Plans
Dental insurance is separate from medical insurance. You don’t have to have medical insurance to have dental insurance.
Luckily, most dental policies are more straightforward than medical insurance policies.
Dental insurance pays a portion of costs associated with preventative dental procedures. This includes check-ups, minor, and major dental care.
With most plans, you’ll pay a premium, deductible, coinsurance, and copay.
Premiums, Deductibles, Copays, and Coinsurance
The premium is the set amount that you’re expected to pay monthly for your insurance. Often, this cost gets taken out of your paycheck. The deductible is the amount you pay for services before your insurance benefits kick in.
Most dental plans have between 20%-30% coinsurance. Once you meet your deductible, most plans won’t cover the entire remaining amount. After the insurance pays their part, the remaining amount that you pay is the coinsurance.
Copays will depend on the type of dental insurance you have. Your copay refers to the set amount that you pay for specific services. This includes things like x-rays or other common procedures and services.
What Does Dental Insurance Cover?
When it comes to understanding how dental insurance works, you may wonder what dental insurance covers. Bi-annual cleanings and preventative care treatment are covered under most plans.
Most insurance plans cover fillings, extractions, and even major services like root canals. Sometimes you’re expected to pay a copay, but most insurance companies will cushion a majority of these costs.
To help you understand how to use dental insurance, it’s also helpful to know what dental insurance doesn’t cover.
Cosmetic dental procedures like teeth whitening, tooth sharpening, and veneers aren’t covered by most dental insurance plans. This is because insurance companies don’t view them as medically necessary.
If you’re interested in learning more about dental insurance, check out this link for more helpful information!
How Does Dental Insurance Work? Now You Know
If anyone ever asks you, “how does dental insurance work” you’ll have your answer. This knowledge comes in handy when it comes to protecting you and your loved ones. Everyone has the right to a great smile and understanding how dental insurance works helps you through this process.
It also prevents you from being taken advantage of and lowers the likelihood that you’re caught off guard with unexpected costs.
So why not take the opportunity to revisit your coverage and make sure you get the dental insurance you deserve?
And since you may be interested in other topics related to finance, be sure to check out the rest of our website. We have a ton of other articles related to personal finances that you’ll love!