Dental Insurance Archives - Upper Arlington

You may not know it is possible to save a great deal of money by using your dental insurance before the year ends. Certain plans run on a calendar year. If this is the way your benefits work, here are five reasons to schedule dental care immediately.

Deductibles. A deductible is the amount of money you have to pay out of pocket. Once you reach your deductible, your insurance kicks in and pays the remaining balance. Usually, your deductible is good for the year. This means you will have to start over and repay when the plan rolls over into the new year.

Yearly Maximums. Commonly, a dental plan has a yearly maximum it will pay. If you have a large amount of dental work that needs to be performed, it is wise to begin the work and take advantage of the maximum for the year. When the next year turns, you will have a new maximum to reach. Between the two years, you may have most of your costs covered without having to pay out of pocket.

Fee Increases. Due to the heightened costs of materials and equipment, it is common for dentists to increase their fees at the start of the new year. As the year changes and your plan renews, you may incur a higher copay as well.

Premiums. Each month, you probably pay your dental insurance premiums, so it only makes sense to take advantage of your coverage. Even if you have no major dental issues, visit your dentist for a cleaning and regular check-up.

Dental Problems May Become Worse. It is common to fear going to the dentist. Delaying treatment may cause extensive and costly damage. Visiting your dentist may uncover a cavity. However, when left untreated, this simple fix can lead to the need for a painful root canal or worse.

As another year is about to come to a close, it is essential to use your insurance benefits before they expire. Dr. Dana Walters is ready to treat any problems you may have and offer oral care tips to promote a healthy mouth into the future. Schedule an appointment today.

Insurance policies are issued for limited periods. At the end of your insurance period, the insurance company reviews your policy. Renewal dates for year-end insurance are important for both insurance companies and policyholders. Insurance policies have specific inception and expiration dates. Auto insurance typically last for around six months while home insurance usually lasts a year. The terms of life insurance range from 10 to 30 years or more. Health and dentistry insurance are usually renewed on a yearly basis. While all insurance policies have expiration dates, policyholders can conclude their policies with a letter stating that they would like their policies to expire at a certain date. It is advisable not to stop paying premiums until the expiry date. In addition, it is important for policyholders to use all their year-end insurance.

Definition
An insurance expiry date is when the policy period expires. Once your insurance policy expires, you can either look for a different insurance policy or renew your policy. Insurance renewal dates usually occur six months or a year after the policy begins or after the last renewal date.

Purpose
One of the main reasons why you should use your year-end insurance is to exploit the opportunity to get your money’s worth before your policy expires. In addition, it gives you the opportunity to make necessary changes to your insurance policy.

Policy Changes
Insurance companies have a right to amend the terms of a client’s policy if they determine that the risk posed by the client has changed. The amendments may result in added restrictions. Therefore, it is advisable to spend all your year-end insurance before its renewal because policy changes that affect policyholders take place during policy renewal. Changes in risk may also lead to changes in premium at renewal.

Changing Policies
If you are looking for companies that offer better rates or are unhappy with your current insurance firm, use your year-end insurance before the renewal date to avoid cancellation fees for mid-term cancellations. If you have to cancel your insurance, do not simply stop making premium payments as this may affect your credit ratings. Avoid cancelling your insurance policy before finding a replacement policy. Make sure you obtain proof of insurance before you cancel your current insurance policy.

Dental Insurance

The Importance of Using Your Insurance Budget Before Year-End

The Importance Of Using Your Insurance Budget Before Year-End