Dental costs have been rising steadily over the past several years, as have the costs of maintaining dental insurance coverage. Transitions in the way health insurance is being delivered to the consumer are occurring which are affecting dental insurance coverage.
Many American employees have received their dental insurance coverage through their employee sponsored group health insurance plans, but now employers are dropping these plans due to the heavy penalties imposed by Obamacare, and the employees are forced to find their own dental coverage.
Employees are shocked at the costs of the premiums not that they have to pay the whole cost of the premium, which was previously shared by their employer. It is not unusual for a family of four, for example to have a dental insurance cost of between $80 to $200 per month under the new arrangements.
Enter the discount dental plan, arriving just in time to save the day. Under the current scheme of things, the discount plans are far better all around, in cost, benefits and stability.
The premium costs are much less, running in the neighborhood of $25 to $40 per month, the coverage is better, and since most discount plans are also stand alone plans, they are portable where ever the employee goes and works, or even if the employee becomes self-employed.
There are no waiting periods with discount dental plans, as with traditional plans there is usually a 6 month to a year’s wait for serious coverage to begin for a new customer. There are no caps on discount plans, which when compared to the traditional caps of $1,000 to $1,500, is a real breath of fresh air. With such low caps, the traditional plans frequently made one wonder why it was costing so much for so little.
The cost of dental care has steadily risen over the past several years to the point that it is estimated that up to 45% of the American workforce goes without dental coverage. This means that many go without any dental care at all simply because they are priced out of the market.
Now with the resurgence of the discount plans, more and more people are signing up. The model simply works better with the customer, the discount dental company, and the provider all sharing in the cost, it makes for a very good working model of economy to scale. It is this sort of arrangement that makes everyone happy.