We are seeing more plans like this every day. But is it worth what it costs?
Most common dental plans have an annual maximum benefit much less than the one here. A $1,500 annual maximum is the industry average. Why insure a $1,500 benefit? It makes no sense.
Dental insurance should be for people who don’t have two nickels to rub together. They live paycheck to paycheck. The only way they can afford dental care is through monthly financing in the form of insurance premiums.
That’s a terrible way to pay for dental care as the City of Del Rio learned several years ago. “Your plan doubles the cost of a routine cleaning when you take into account premium charges and administrative fees” reported the city’s insurance consultant. “There is a better way and it’s not this one!”
We continue to be amazed why those with means buy dental insurance. A university system with highly paid professors (very smart people who have never left the classroom) has an 80% voluntary dental participation rate. Does this prove they are not as smart as a lifetime classroom environment warrants?
On the other hand Texas school districts offering voluntary dental insurance often have high participation rates too but that’s understandable because public teaching doesn’t pay very well.
Now let’s sink our teeth in the value proposition of vision insurance ………………………
