Dental Insurance is a Ripoff
Insurance companies continue to earn massive record profits, there’s nothing wrong with that it’s the free enterprise system at work, but people are being misled and ripped off. All insurance is not bad, in fact you’d be crazy not to have many forms of insurance, but that certainly doesn’t apply to dental insurance.
Homeowners insurance is something I’d prefer not to pay for, we’ve had it for about 20 years and never filed a claim, but what if your house burns to the ground? Let’s just say that your house is worth $250,000 and your homeowners insurance is $2,500 a year. If you pay for 20 years and never have a claim you’d be out $50,000 but if your home is destroyed could you afford to rebuild without insurance?
Insurance is for the most part designed to prevent you from suffering a catastrophic loss, and in our example the $50,000 you spent over 20 years looks like a bargain when your insurance company builds your new home for nothing. But not all insurance is created equal!
Dental insurance is a colossal waste of money. If you have dental insurance, you’re probably paying from $600 to $1,000 a year depending on a variety of variables, how many people in your family, deduct etc. So let’s say that you don’t use it for just 3 years. With an annual premium of $800 you would have paid $2,400 during that time and just like homeowners insurance you never filed a claim, but in year 4 you need some major dental work to the tune of $4,000. What happens now?
You probably won’t see this on the NBC Nightly News with Brian Williams but this my friends is the fleecing of America. Over 4 years you would have paid $3,200 in dental insurance premiums and you may be expecting your insurance company to foot the bill, but you’d be wrong. Most dental insurance sold today has a maximum benefit of $1,000 or $1,500, so guess who’s going to have to pay $2,500 to $3,000 out of their own pocket?
That would be you the fleecee, sorry, the person who get’s ripped off. Dental insurance has almost no value whatsoever which is why many insurance agents refuse to sell it. Homeowners insurance has value, so does car insurance and if you can still afford so does health insurance. They protect you from a devastating financial loss, but dental insurance doesn’t do that at all.
A brief history lesson, and I promise it will be brief. Back in the 60′s and 70′s when dental insurance became commonplace most plans had a maximum benefit of $1,000 or $1,500 which is the same limit that most dental insurance policies have today. The problem is that the cost when you go to the dentist has almost tripled.
Your insurance company charges you a lot more for less, and they raised your deductible too! So why is it that so many still have dental insurance? That’s a good question. Perhaps it’s because people know that they need to take care of their teeth but they just don’t know what to do. Now that you know that dental insurance is a ripoff, you don’t have to be taken advantage of anymore.
Oftentimes many people will get ripped off online simply because they simply don’t plan well enough, do enough research or ask questions. If you are considering signing up with an online dental company, the following tips will help you select the best coverage with the most qualified company.
1. Determine what your needs are: individual and family coverage, business and/or group coverage? You will want to know this before you visit any website, because you may have a set budget and will not want to go over it.
2. Do you have the freedom to choose from many discount dental plans? Some sites are only advertising one company and you may want to compare rates with other companies.
3. Are customer care representatives available through an online contact form… Continue reading
Regular dental check up is the foremost advice that any dental health care professional offers. But only few of us act on that expert advice. Simply because most of us are lazy. Besides, we do not want to spend money on something for which there is apparently no urgent need. Laziness is the state of mind and has to be taken care of by us on our own, but so far as expenses are concerned, dental insurance plans take much of the load off one’s pocket. However, while going for a dental insurance plan, there are a few things you must ensure.
1.Make sure that the dental insurance plan allows you to choose your own dentist. If the dentist you want for yourself and your family is not among… Continue reading
It is true that dental problems are the most common problems that mankind faces. And in case you have such problems, you need to pay immediate attention to it, because it affects your nutrition and thus your overall health, apart from the huge discomfort it causes. Neglecting dental care can result in serious problems, leading to escalation of your medical expenses.
Dental insurance, in fact, helps you save a lot of money. This is because you can avail of regular check-ups with the assurance that the doctor’s fees would be covered by the policy. Insurance is helpful in other ways as well, like to get you quick medical attention, thus saving your precious time. You can go for a family dental insurance so that you, together with your family… Continue reading
Tagged with: Dental • Insurance • Ripoff
Filed under: Dental
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