If you're paying for dental insurance, you may not realize that you can save hundreds of dollars simply by going to the dentist before the end of the year. Most dental insurance plans have annual features that expire or reset based on the calendar year, which means that when January 1st rolls around you basically surrender those unused benefits and start over again. The end of the year can be a busy time, but you'll have a healthier set of teeth and a happier bank account if you schedule a trip to the dentist before the end of the year.
Yearly Benefits Maximums Don't Roll Over
Most dental insurance plans include a maximum dollar amount they will pay for dental procedures in any given year. This annual maximum is the upper limit of coverage provided by your insurance company. When a new year's coverage begins, that maximum resets completely. If you can make a couple of visits to the dentist within a calendar year, you will have a better chance of utilizing as much of the maximum benefit amount as possible before it expires.
The Dental Insurance Deductible Resets Each Year
Just like the maximums tend to reset, your deductible resets each year as well. That means that the beginning of January marks the time you are responsible for paying your agreed deductible before the insurance begins to cover dental procedures. The deductible is a fixed amount you must pay out-of-pocket annually. The sooner you pay through that deductible, the more insurance coverage you'll receive for those monthly premiums you're already paying.
Potential Fee Increases
As with any other annual renewal, your dental insurance fees and premiums, and deductibles are all subject to change at the beginning of a new coverage year. It makes good financial sense to use the coverage you have now before you have to pay more for the same coverage next year. You have no real way of knowing which costs might rise after January, so taking advantage of your current rates could save you some money over time.
The main reason to visit the dentist before the end of the year
The main reason to visit the dentist before the end of the year is to find out if you have any new problems with your teeth so you can get them taken care of before January. Every year you should schedule regular preventive check-ups, which typically include professional cleaning and thorough examination. Most insurance plans offer reasonable coverage for these preventative appointments, so there is no reason to avoid going to the dentist for a cleaning every six months. While you are at that appointment, ask your dentist if there are any problems that might need to be addressed before the end of the year. Knowing what to expect of your dental care needs early enough in the year gives you a chance to make the appropriate appointments and take full advantage of this year's insurance deductibles, fees, and coverage maximums.
Are your dental benefits expiring soon?
If your dental benefits are soon to expire, come visit us at Lewis Estates Dental Centre for your year-end cleaning and examination. Fill out our online form or call us at (780) 414-5882 to schedule an appointment. We would love to see you.