Dental
Insurance Introduction
Shaving
nicks and toothaches hurt more than they should. While a nick will vanish in a
couple of days, toothache will take your pocket for a spin before it goes away.
Believe me, dental care is prohibitively expensive, but still a part of
necessary health care and very important.
Here
comes dental insurance. Not much in the past it was considered a big company
perk, dental insurance has today established itself as a must-have benefit. Even
most small companies offer dental insurance today to recruit and retain
workers. Dental coverage costs less than 10% of total medical coverage so its
affordable and preventive procedures, like cleanings, ensure the overall health
of employees, which means a decrease in sick time and increase in productivity.
Various
dental insurance plans with numerous variations are available today. You should
take proper care and time to consider all options.
Most expensive plans:
Direct
reimbursement plans
These
plans are the most expensive of the lot. They operate by paying for employee dental
coverage from a pool of money set aside by the company for this purpose.
The
simplicity of this plan makes it the most effective, the reimbursement is made
by a simple formula doing away with the complexity of co-payments, deductibles
etc. Even though ADA
strongly recommends this plan, this kind of direct dental care may not be
affordable by smaller companies.
Least expensive plans:
Managed
care plans
Similar
to a medical HMO, managed care dental plans need to pay for the treatment
through regular co-payments and choose forma pool of dentists to get treated.
These plans do various cost-control measures and can more affordable for small businesses.
The
co-payment amount varies according to procedure. Preventive procedures are usually
performed without co-payment, however advanced procedures will bear higher
co-payments.
The
choice lies with the company and their financial managers, however great care
is recommended in choosing the plan.
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