Dental Insurance for the Self-Employed? Consider a Dental Discount Plan
Self-employment sounds like a dream come true, until you face the hurdle of affording medical and dental insurance. Self-employed individuals and families need dental insurance, but the high cost is often overwhelming. Not only are self-employed workers responsible for their own income taxes, there's no employer to kick in half, but they also handle the expense of health and dental insurance rates that are much higher when you don't qualify for group rates.
Dental Discount Plans Save You Money
Anyone qualifies for a dental discount plan. There are no limitations other than your being 18 years of age or older at time of enrollment. You have the freedom to pick the discount dental plan that is available in your area. Compare rates between companies to find a plan that fits your budget.
With a dental discount plan, you go to any participating dentist and receive an instant discount of up to 60 percent on all dental services. There are no deductibles, no yearly maximum benefits and no restrictions on the number of treatments you are entitled to per year.
Key Differences Between Dental Discount Plans and Dental Insurance
Dental insurance charges you a monthly premium. The average cost of dental insurance for an individual is $100 to $150 per month. Dental discount plans require a yearly membership fee that usually ranges from $100 to $200 per year.
With a dental discount plan and dental insurance, you must go to a dentist that accepts that plan or insurance. Dental insurance policies require you to get referrals for visits with a specialist, a dental discount plan bypasses that step.
Dental discount plans require no claim forms or paperwork after your dental visit. With dental insurance, you have to fill out a claim form and submit it to your dental insurance company to get reimbursement. With a PPO or HMO, your dentist handles the paperwork but you must check all mailings to verify the billing was done correctly or you can end up paying for services you didn't receive.
Affordable Dental Coverage for the Self-Employed
Dental discount plans offer affordable dental coverage. If you're self-employed and struggling to pay your dental bills, a discount plan will help you out. Best of all, you can deduct the enrollment fee on your yearly taxes for additional savings.