Is supplemental dental insurance worth it? If you are like most Americans, it is hard to justify purchasing dental insurance to begin with, and the idea of paying for supplement coverage that you may not use is almost unthinkable. However, for other individuals, obtaining supplemental dental insurance is a necessity. This is especially true for individuals whose primary dental insurance does not provide a comprehensive service. Understanding the pros and cons will help you decide whether you should buy supplemental dental insurance.
What is supplemental dental insurance?
Supplemental dental insurance can be described in two ways: an individual dental insurance plan or insurance in addition to a primary dental insurance policy. In the first description of supplemental dental insurance, an individual obtains his own insurance independent of a group. The reason behind this may be that the individual is self-employed or his employer does not provide dental insurance.
The second description is the most common scenario for supplemental dental insurance. In this case, an individual purchases an extra policy on top of a policy he already owns. This supplemental insurance can be used to take care of fees that the primary insurance will not cover.
Is it worth the extra premium?
For those of you who have a fastidious dental regimen or who are in need of major dental work, it is a good idea to purchase a secondary policy. The logic is that, even though you will pay more for an extra premium, you will be more motivated to get regular checkups and cleanings. Taking out a secondary policy also ensures that you have full choice. Unlike with your group dental insurance, you can shop around for the perfect supplemental insurance to fit your budget and your needs.
Be aware that using primary and secondary dental insurance plans simultaneously can result in confusing paperwork when it's time to submit your claims. Most policies include a provision known as Coordination of Benefits (COB). COB analyzes both policies to keep you from overpaying.
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