Affordable Dental Insurance

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Dental procedures are very pricy and seem to come at the worst possible time. Whether you are an individual or responsible for your family’s dental coverage you have most likely experienced what a pain in the wallet a tooth ache can cause.

Finding a reliable stand alone dental insurance policy can be an expensive endeavor. Most Insurance companies offer dental insurance as an ancillary product usually only purchased by signing up for their health insurance insurance plan. To find out if dental insurance is aviable in your area complete the form above.

Dental Insurance Information and Resources:

How can I finance my dental care?

Flexible Spending Accounts... Also known as Section 125 Benefit Plans, Cafeteria Plans, Flexible Benefit Plans or simply Flex, are one of the most dramatic developments in employee benefit plan design in recent years.

What is a Flexible Spending Account?
It is a benefit plan, established under Section 125 of the Internal Revenue Code that allows employees to pay for certain qualified benefits (such as dental care) with pretax dollars. This means the employee's cost of these certain benefits are paid from their salary before taxes (FICA, Federal, and in most cases State taxes) are calculated. This can result in lower tax liability (both for the employee and employer) and more take home pay.

Traditional Dental Benefits...
"Usual, Customary and Reasonable" (UCR) programs usually allow patients to go to the dentist of their choice. These plans pay a set percentage of the dentist's fee or the plan administrator's "reasonable" or "customary" fee. These limits are the result of a contract between the plan purchaser and the third-party payer. Although these limits are called "customary," they may or may not accurately reflect the fees that area dentists charge. These plans typically pay as the dental work is completed.

Direct Reimbursement...
Under this self-funded plan, an employer or company sponsor pays for dental care with its own funds, rather than paying premiums to an insurance carrier or third party. The patient pays the dentist directly and, once furnished with a receipt showing payment and services received, the employer reimburses the employee a fixed percentage of the dental care costs. The plan may limit the amount of dollars an employee can spend on dental care within a given year, but often places no limit on services provided. Patients can select their own dentist and, in conjunction with the dentist, play an active role in planning the treatment most appropriate and affordable to ensure optimum oral health.

MSA's...
A 1996 law allows self-employed individuals and workers at firms with less than 50 employees to use a new form of savings account that is tax-deductible to pay dental and medical expenses. The medical savings accounts, or MSAs, can be carried over year to year and accumulate interest tax-free. (In a flexible-spending account, money left unused at the end of a year is forfeited by the taxpayer.) MSA deposits remain tax-exempt as long as they are used to cover dental, medical or, after the taxpayer reaches 59 1/2. An MSA must be paired with a high-deductible "catastrophic" health policy. Users will pay their first few thousand dollars of health expenses from the money in the savings accounts, cover the next several hundred from their own pockets, and receive 100% reimbursement for expenses exceeding the deductible.

The material provided within is for informational purposes only. Please contact your employer, tax advisor, or independent insurance professional for the current plans and tax regulations.

Health and Dental Insurance