Dental health contributes significantly to a person’s quality of life. Without a healthy mouth, eating is not enjoyable and overall health is endangered. So what is a boomer to do if the traditional ways of getting dental insurance no longer seem cost-effective, a sentiment many share with their insurance agents? Boomers often feel caught between a rock and a hard place. On the one hand, Medicare does not offer dental coverage. On the other hand, many boomers feel that the dental coverage offered to retirees does not come close to the value of group dental coverage that set their expectations when they were younger.
Well, recently an old approach to dental coverage has been reinvigorated, dental discount plans. They can offer significant value to boomers (and others) because people can enjoy the discounted rates that larger provider networks have negotiated with the dentists and specialists. See for yourself. Compare the two approaches to dental-health coverage.
|Traditional Dental Plan (Typical)|
|Price||$40 – $50 /Month/person|
|Maximum Benefit||$750 – $2000/yr.|
|Waiting Period||0 – 6 month – 2 yrs. Depending on procedure|
|Deductible||$100 – $250 is common|
|Services Covered||Some services not covered, see plan for details.|
|Network||Good – Carrier Contracted Dentists|
|Discount Dental Plan|
|Price||$7/Individual – $15/Family|
|Maximum Benefit||No Maximum Benefit|
|Waiting Period||No waiting periods. Buy it today, use it today.|
|Deductible||No deductible required|
|Services Covered||No restrictions. Not all providers perform all services.|
|Network||6 Networks to select from. Over 90% contracted.|