End of the year insurance benefits




Did you know that you could actually save hundreds of dollars by using your dental benefits before the end of the year? While some dental insurance plans run on a fiscal year, most run on a calendar year. If your dental insurance plan is on a calendar year, these 6 reasons are why you should make your dental appointment now.

1. Yearly Maximum
The yearly maximum is the highest amount that the dental insurance plan will pay for your dental work within one full year. This amount varies by insurance company, but the average is $1,000 - $1500 per year, per person.  The yearly maximum generally renews by January 1st of the next calendar year. If you have unused benefits, they will not be rolled over

2. Deductible
The deductible is the out of pocket cost you must pay your dentist before your insurance company will pay for any services. This fee varies from one plan to another. However, the average deductible for a dental insurance plan is usually $50-$100 per year. Your deductible also starts again when your plan rolls over.  If you have already paid your deductible during the year and still have unfinished dental work, you should continue with your treatment to save on this out of pocket cost.

3. Premiums
If you are paying your dental insurance premiums every month, you should be using your benefits. Even if you don’t need any dental treatment, you should always have your regular dental cleanings to help prevent and detect any early signs of cavities, gum disease, oral cancer and other dental problems.

4. Fee Increases
Another reason to use your benefits before the end of the year are possible fee increases. Some dentists and insurances raise their fees at the beginning of the year due to the increased cost of living, materials and equipment. A fee increase can also make your copayment higher.

5. Dental Problems Can Worsen
By delaying dental treatment, you are risking more extensive and expensive treatment down the road. What may be a simple cavity now, could turn into a root canal later. Call us to schedule an appointment now to use those benefits.

6. Use Up Your Existing FSA Contributions

Scheduling your dental appointment now can also help you spend any remaining balance on your FSA (Flexible Spending Acount).  Established through your employer, this a an account that your pre-taxed money goes into.  If you have one of these, you need to be aware that if you do not use the balance in your account at the end of the year, you lose that money.  FSA money cannot be used on over-the-counter medications and supplies, so it has to go through a doctor or dental office.  Non-cosmetic dental work and orthodontic work is covered.  Many of our patients choose to put the FSA toward Invisalign-a clear form of braces to straighten their teeth.