Does your Dental Insurance Plan run out at the end of the year? Many people don’t know much about their policies, including when they end. With a little research and a plan, you may be able to save hundreds of dollars by using your dental insurance before the end of the year on things you need.
Yearly Maximum
First, you should check your insurance to see what your yearly maximum is. The yearly maximum is the most money the dental insurance will pay in a full year. Depending on your coverage, this could be around $1,000 and it renews each year. (For many people this is January). Unused benefits do not roll over, so using the full amount benefits your… these are YOUR benefits.
Deductible
Next, you should look at what your deductible is. The deductible is the amount of money you must pay the dentist before the insurance begins to pay. This is a fee that varies by plan, provider, and service, however, the average deductible is around $50. Your deductible starts again when your plan renews.
Premiums
Premiums are what you pay each month, and this often comes right out of your paycheck. If you are paying into a dental plan, it makes sense to use the plan, at the very least, on routine cleanings.
Do you need help figuring out your dental insurance benefits? We may be able to help. Feel free to give us at 480.771.0287 a call to see if an appointment before the end of the year (vs. after) is in your best interest!
