Like everything else in life, there are pros and cons to each type of dental insurance coverage.
If you currently find yourself without coverage and are looking to open a new policy, the vast amount of choices out there can make things very confusing.
This article covers dental indemnity insurance.
It is a great plan for some, not so much for others.
Below is a list of the pros and cons surrounding dental indemnity insurance so that you can determine if it's right for you and/or your family.
Pros - -While the actual rate of coverage varies from company to company, most plans will cover a minimum of 80% of the cost of dental work you have done.
Some plans will cover as much as 100% of the cost.
-You are not limited to a set list of dentists.
You can choose to go to any dentist you want and still get the same amount of coverage.
-Most plans are very straightforward and easy to understand.
There is not a lot of fine print.
-Payments for securing this type of coverage can usually be made monthly, making it much easier to afford.
Also, many employers like to offer these plans to their employees.
Cons - -There is often a maximum of coverage allowed.
In other words, if a certain procedure costs too much, you may not be covered for the full amount of the bill.
-The deductible you are required to pay with this type of dental insurance is often fairly high.
-Cosmetic procedures are usually not covered.