Don't give your insurance company a gift of unused money this year!
If your Dental Insurance Plan expires on Dec. 31st and you have an unused balance....then it's time to do something about it!
Can you afford to give away free money to your dental insurance company? For most people - especially at this time of year - the answer is a resounding "No!"
You could save hundreds or even thousands of dollars by using your dental benefits before the end of the year. While some dental insurance plans run on a fiscal year, most run on a calendar year. If your dental insurance plan is a calendar year, then these 5 reasons will show you why you should make a dental appointment now.
- Yearly Maximum - The yearly maximum is the most money that the dental insurance plan will pay for your dental work within one full year. The yearly maximum usually renews every year (on January 1, if your plan is a calendar year). If you have unused benefits, you will lose them because they will not rollover to the next year, you will start over again.
- Deductible - The deductible is the amount of money you must pay to your dentist out of pocket before your insurance company will pay for any services. The amount of the deductible varies from one plan to another and could be higher if you choose an out of network dentist. You also have to meet the deductible again as the plan rolls over each calendar year.
- Premiums - If you are paying your dental insurance premiums by the month, you should be using your benefits. Even if you have healthy teeth and aren't in need of dental treatment, you should always have your regular dental cleanings to help prevent and detect any early signs of cavities, gum disease, oral cancer and other dental problems that may exist. Most dental insurance companies pay 100% of the cost of your dental checkups that also includes all diagnostic x-rays and Doctors examination.
- Fees Increase - Another reason to use your dental benefits before the end of the year is possible fee increases. Some dentists raise their fees at the beginning of the New Year due to the increased cost of living, materials and equipment. A fee increase also can make your co-payment higher.
- Dental Problems Can Worsen - By delaying dental treatment, you are risking more extensive and expensive treatment down the road. What may be a simple cavity now, could turn into a root canal later and maybe even lead to tooth loss.
Although treatment is never dictated by an insurance policy, our experience has shown that careful planning can often maximize benefits. If you are due for a cleaning, have dental treatment pending or if you feel you may need treatment that hasn't been planned yet and you haven't maxed out your insurance benefits for the year, we encourage you to schedule an appointment before the end of the year.
Failure to claim your benefits is the same as handing a check to your insurance company!!
If you have any questions about insurance, please do not hesitate to call and talk to one our staff. We are insurance-friendly and would be happy to work with you to discuss what your insurance plan will cover.