How are Dental Savings Plans Different from Insurance?
Understanding any type of medical or dental insurance can be a challenge, especially for uninsured folks trying to find a plan on their own. According to the National Association of Dental Plans , about 74 million Americans had no dental insurance coverage at the end of 2016. One possible solution is dental savings plans (also called dental discount plans). Dr. Case would like to talk about plans like these and their potential to reduce out-of-pocket dental costs for patients (who doesn’t like to save money?). How Do Dental Savings Plans Work? With a dental discount plan, the consumer pays an annual fee, just as they would pay for a buyer’s club membership to Costco or Sam’s Club or for emergency roadside assistance insurance like AAA. In return, they get access to a dental network that offers special savings to plan members, usually in the form of percentage-off discounts. For example, if a participating provider offers a 40% discount on crowns , that crown will cost $600 rat...