What is Dental Insurance?
A Dental insurance policy is a procedure within which an individual becomes eligible for the receipt of Dental benefits through the undertaking of Dental insurance coverage; Dental insurance is fashioned to cover the costs of a wide range of dental procedures undertaken by individual policyholders.
In many cases, Dental insurance is classified as a type of health insurance, which results in the structuring of Dental insurance policies, terms, and conditions to mirror those latent within the overarching health insurance policies offered – while both health and Dental insurance may be offered in tandem, Dental insurance is considered to be far less abundant with regard to its availability than its health counterpart.
Managed Dental Insurance vs. Fee-for Service Dental Insurance
A wide range of Dental insurance variables and parameters exist concerning the structure and components of a Dental insurance plan; a large majority of Dental insurance plans vary in accordance to the setting within which that plan is offered, the individual classification of the individual interested in coverage, as well as the type of coverage requested:
Managed Dental Insurance vs. Fee-for-Service Dental Insurance
Although the multitude of Dental insurance plans and policies are subject to variation with regard to the individual applicant, the 2 overarching types of Dental insurance plans – within which the vast majority of specialized insurance plans exist – range from general to private in nature:
General or managed Dental insurance policies are furnished on a universal basis, typically fashioned in a uniform manner; this means that in the event that the individual recipients do not wish to furnish supplemental payment for specialized coverage, those recipients will be required to conform with the terms and conditions expressed within a general Dental insurance policy
In contrast, a private Dental insurance policy – also known as a ‘fee-for-care’ policy – is fashioned with regard to an individual applicant, and uniquely structured in a personalized manner in order to meet the needs of an individual applicant
Dental Insurance Premiums
A Dental insurance premium is the amount of payment required by a prospective policyholder in order to finalize Dental insurance coverage; the determination of an insurance premium will result from a wide range of classifications and detail, including the range of network, the type of coverage, as well as the profile of the individual seeking coverage.
Dental Insurance Deductibles
A Dental insurance deductible is an expressed amount of payment required by an individual policyholder prior to the enactment of Dental insurance coverage – however, an Insurance deductible varies from an insurance premium. An Insurance premium is payment required by the policyholder in order to be eligible for coverage; in many cases, a premium is viewed in accordance to a fee for a service:
In contrast, a deductible is the amount of payment required by the policyholder prior to the furnishing of financial restitution enacted by the individual insurance provider
Oftentimes, the term ‘co-payment’ is used as a reference to a deductible – a co-payment furnished by an individual policyholder will be required in order to precipitate monetary coverage furnished by the individual insurance provider