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Why I like dental savings plans for my retired clients

Aug 17, 2017 8:03:00 AM / by Stephanie Pogue

Stephanie Pogue

By now, you already know Medicare and Medicare Supplements don’t cover any dental expenses. Advantage plans have a very limited dental benefit as well. So, for my clients who need dental care, I usually recommend a dental savings plan over dental insurance and here’s why.

dental procedures hurt just as much in the wallet

Traditional Dental Insurance

  • To me, dental insurance is expensive for the coverage you get. An average plan for a retiree in this area costs about $45 per month, or $540 per year, per person. You get 2 routine cleanings per year at no cost but for all of the other services, there is a co-insurance amount due.
  • Typically, there are waiting periods in which insurance companies will not pay for any services like fillings, crowns, etc. They can last between 6 and 12 months.
  • Often, a deductible needs to be met before the plan starts paying.
  • Most plans will only pay up to a set amount each year. These are called calendar year maximums. After that, you are responsible for any additional dental costs you incur. The maximums are usually less than $1,500 each year.

Dental Savings Plans

  • The average cost of a dental savings plan is about $100 per year, only $8 per month. You’ll pay about $15 for a routine check-up and most other services are discounted between 10% and 60%.
  • There are no waiting periods.
  • There are no deductibles to meet.
  • There are no yearly maximums to worry about.
  • Some dental discount plans also offer discounts on other health services like vision, chiropractic, hearing services­­ and sometimes telemedicine options.

 

Related Post:  Is dental insurance for seniors worth the price

 

Remember

  • Make sure your dentist accepts the plan you choose.

Some of my clients still like traditional dental insurance, but the majority like their discount plans.

 

Save 10 to 60% on Dental Care Today

 

 

Topics: Dental

Stephanie Pogue

Written by Stephanie Pogue

Stephanie has been primarily helping seniors and retirees with their healthcare decisions since 1995. In addition, she has recruited and trained agents, developed and promoted managers, and ranked in the Top 3% of Sales Managers at Bankers Life & Casualty while she was there. She is now the Director of the St. Louis Insurance Group and can be reached by email at s.pogue@stlouisinsurancegroup.com.