Group Dental Insurance
Group dental insurance has the potential to give you more benefits for the same or even less money than private dental insurance.
You can get it on a voluntary basis (employee pays), non-voluntary (company pays) or a combination of the two. You only need two employees to create a plan and it can be a husband and wife working together.
Your group can be full time, part time and even 1099 independent contractors.
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Who is Eligible for Group Dental Insurance?
To be eligible for a group dental plan, you must have a minimum of two employees. They do not have to be full-time. You can use part-time workers or even 1099 independent contractors. That means that businesses like real estate office can offer a plan to their agents.
The rates will depend on the number of people in the group, the amount of benefit, the network you use and to some extent, where the business is located.
Why Should I Get a Group Plan?
Although, we have some excellent private plans for individuals and families, group dental offers can offer a higher benefit and eliminate waiting periods.
First of all, you can get up to $3,000 in coverage on a PPO plan. If you need a lot of work done, this is a welcome benefit. The price differences between $1,000, $2,000 and $3,000 are not that great. Most people will opt for the highest coverage amount.
Secondly, and this is very important, you can get coverage for major procedures with no waiting period (certain plans). It is an option, but once again just a few dollars more.
There are a few other options available that I will not go into here. But, if you have an eligible group, you really should consider a group plan.
Employer or Employee Paid Insurance?
There are essentially two ways a group plan can be paid for.
With a Voluntary plan, the employees pay the entire premium. The bill is sent to the employer and deducted from the members paychecks. The employer does not have to spend a dime.
With a Non-Voluntary plan, the employer is paying all of the premium for the employees.
It is more common for a percentage of the benefit to be paid by the employer and a percentage by the employee. Group dental is not that expensive and for a relatively small amount of money each month, an employer can help provide a very valuable benefit to their employees.
Some Plan Options
When you select a plan you are given a number of options to select from. These options, depending on your choices, can raise or lower the premiums. However, sometimes it will pay to have a premium that is a few dollars more to get additional coverage. You can always drop change the plan when it comes up for renewal.
The total amount of benefit you can get in a year generally ranges from $1,000 to $3,000. But the difference in price between the highest and lowest benefit might only be two or three dollars a month.
The PPO network you choose might also have an effect on premium. Some areas have network choices and using one network over another can save you money. You will need to check your dentist in the network before you decide.
When you look at the percentages that plans pay, you often see 100% coverage for preventative, 80% for basic coverage like fillings and 50% for major work like root canals and crowns.
Some plans will give you the option of moving some major procedures into the basic classification. This means that instead of getting just 50% of a root canal covered, you can get them to pay for 80%. For many people this is a big savings and more than makes up for the small increase in premium.
How Do I Get a Quote?
We need very little information to give you a quote. Call us or you can use this form: