We all know the holidays are crazy, with family and work obligations as well as planning for parties and presents. However, there’s a good reason to carve out some time to see us at Southfield Family Dental Center- if you have insurance, your dental benefits expire at the end of the calendar year! Give yourself the gift of good oral health this season while making the most of your unused insurance benefits.
Maximize Your Insurance Benefits
We’ve all heard the saying, “Use It or Lose It!”, well that is especially true when it comes to dental benefits. Each year, you work hard to earn your benefits and, before you know it the year is gone and so are your unused benefits. If your dental insurance plan is on a calendar year, listed below are 3 reasons why you should make a dental appointment now:
1. Saving Money
Did you know that you could actually save hundreds of dollars by using your dental benefits before the end of the year? While some dental insurance plans run on a fiscal year, most run on a calendar year. Many dental insurance plans are just sitting there with benefits unused and go to waste as soon as the clock strikes midnight December 31. You might save a significant amount of money by taking care of these appointments now, instead of waiting until 2014.
Dental insurance companies count on making millions of dollars off of patients who never use their insurance benefits because unbeknownst to the consumer, many of these plans provide coverage up to a certain dollar amount annually. But insurance companies certainly aren’t going to encourage customers to use benefits, and most patients are too busy to sift through their policies to determine what might remain on them. So it’s up to consumers to check to see what benefits they have remaining before year end. If you are unsure, contact your dentists office and they will usually be able to assist you in obtaining this information.
2. Get Treatment Before Your Deductible Resets
The deductible is the amount of money that you must pay to your dentist out of pocket before your insurance company will pay for any services. This fee varies from one plan to another and could be higher if you choose an out-of-network dentist. However, the average deductible for a dental insurance plan is usually around $50 per year. Your deductible also starts again when your plan rolls over. Many dental insurances provide little to no coverage until you spend a certain amount out of your own pocket – your annual deductible. If you’ve used your insurance at all this year, you’ve probably made some progress towards meeting that deductible. In fact, you may have already met it completely.
3. Use Up Your Existing FSA Contributions
Another good reason to take care of medical and dental work now is to spend any remaining balance in your flexible spending account (FSA). This is an account that you establish through your employer, and that you may have elected to have some of your pre-tax pay put into. If you don’t use all of your FSA contributions by the end of the year, you lose them.
There are many ways of addressing dental needs now, instead of waiting until next year that can save you money. Check with your insurer to see what benefits you’ve used, and what you still have available for the year. Also, check your FSA balance. Then make sure to take full advantage of your benefits before January 1- give yourself the gift of oral health by making an appointment for yourself and your family at Southfield Family Dental Center!