Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

A Dental Savings Plan That Will Make You Smile

February 03, 2016 at 12:00 AM

According to the Centers for Disease Control, about 40% to 45% of adult Americans don’t see a dentist in a given year. Cost is obviously a big reason why so many avoid the dentist. By one estimate nearly 68 million Americans have no dental coverage. That makes going to the dentist extra nerve-wracking, as you need to worry about the pain of a big out-of-pocket expense.

I want you to listen up. If you do not have dental insurance through work, I strongly recommend that you look into enrolling in a Dental Savings Plan. I want to be clear: I am not talking about buying a classic dental insurance policy but something entirely different, called a Dental Savings Plan.

The Shortcomings of Dental Insurance:

  • When you sign up you typically have to wait 6 months to 1 year before certain procedures are covered.
  • There is typically a maximum annual benefit of $1,000 or $1,500. Not only can the annual premium amount to at least half that, if you need extensive work on just one tooth—such as a crown or a root canal—your costs are going to blow past that annual cap.
  • Most dental insurance does not cover cosmetic dentistry.

Dental Savings Plans: The Better Alternative
Dental Savings Plans aren’t insurance. Rather, they work like a membership you have to a warehouse retailer such as Costco. With a Dental Savings Plan, you pay an annual membership fee. The annual membership cost for an individual can be about $100 a year depending on the plan, and about $150 for a family. I want to be clear: those are indeed annual fees, not monthly!

Now here is what’s surprising. Most insurance companies that offer dental insurance also offer Dental Savings Plans. So there are many Dental Savings Plans to choose from. You just want to sign up for the one your dentist takes, and if your dentist doesn't take them, please just ask your dentist because he absolutely should.

If you then use a dentist in the plan, you will get discounted rates on certain procedures. The discounts range from 10% to more than 50%, depending on the specific plan and participating dentists.

What Makes Dental Savings Plans So Great:

  • No annual maximum.
  • No problem if you have a preexisting condition. You’re still eligible for discounted work.
  • No monthly premiums—one low annual membership fee.
  • No waiting period.

You read that right. You can enroll in a Dental Savings Plan today, and within a few days your policy is activated. No long waiting period; just make an appointment with a participating dentist and you’ll qualify for discounted rates from the get-go, with no annual maximum. I am living proof. Once I found out about Dental Savings Plans, I went to the website, which has been offering these plans for over 15 years. There it was easy to check to see if my dentist accepted these plans. When his name came up with the plan he took, it was easy for me to sign up for that plan. The cost was about $120 a year. Just today I had to go and get some extensive work done. When I went to pay the bill and gave them my Dental Savings Plan card, the bill was reduced by $1400. I saved more than 30% of what I would have paid without a Dental Savings Plan. Bottom line: I saved $1400 with a plan that cost me $120 a year, and it's just the first month of the year. It has already paid for itself over 10 times.

Dental Savings Plan Shopping Tips:

  • Ask your current dentist if he or she participates in any Dental Savings Plan. (If your dentist does not participate in a Dental Savings Plan and you want to stay with this dentist, encourage the dentist to join a plan.)
  • If your dentist won’t participate, and you still want to take advantage of the cost savings of a Dental Savings Plan, you will need to find a new dentist. Please do this carefully. Make sure you ask friends for some recommendations, and then see if any of those names turn up in the “find a dentist” feature available at any Dental Savings Plan shopping sites.
  • Only buy a Dental Savings Plan from a company that offers a 30-day money-back guarantee. If your dentist is not part of a Dental Savings Plan (and you want to stay with that dentist), not only should you get the money back for the yearly premium, but you should get the $20 processing fee that most plans charge.
  • Read the fine print. Basic cleanings and a filling here and there are commonly covered. But if you anticipate needing extensive work, be aware coverage can vary. Not all plans cover procedures such as veneers and bonding, or cosmetic work. Comparison shop based on specific work you anticipate you may need or want. 

Bottom line: Dental Savings Plans are something that you all should look into. Will they save you money? Absolutely! Especially if you currently don't have any coverage.

To learn more about Dental Savings Plans go to

Keep smiling.


Tag Cloud

home buying budgetHeartadult childrenrefinancecommunity collegepowerfulbetter loan ratesreplace permanent life insurance with termstudent loan repayment estimatorpresident ObamaTelepictures2017 Taxesfederal student loan deferment under 18 financial giftCredit scoredeath benefit needs for familybad decisionsMothercollege studentNewtowncollege graduateidentity fraudHigh FICO Score = Better Rategift grandchild IRA contributionfraudulent returnAARPFederal Funds Rateno apologyis it kind?focus on needskeep a schedulestay positivekid borrow firstalways use all paid time offLTC shoppingphysical healthno tax on withdrawlsoverspend on giftsInvest for savings growthunexpected expenseTeachsocial security never insolventsavingsenjoy saving stretch out haircut appointmentsknow before you owegift not loanHDHP'semergency fund Communication Skills maintain standard of livingYoung Adult automate student loan paymentsInflation Benefitswitch to spouse coverageschool don't buy wantsmeet monthly referrals dangerous money season19 years cash flow problemsidelinedface your financial fearno late fee don't defer interest paymentsFICO credit score credit card mortgagecut monthly cellular billcredit utilization ratedon't ignore open enrollmenttelevision hostverify retirement plan with HR or plan sponsorfull retirement agecredit cardcouple finances20% equityPrime Rate Rise 2015gay marriage ban end Florida Holiday Seasonspeak new goalreal estate mistakesHDHP monthly dental insurance premiumForbes Top 10universal college accessGay Couplesno retirement funds for down paymentIRA contribution gifted moneystudent loan repayment planBaby BoomersPBS Specialstandard deduction women long term careSuze Orman's Money Warsbuy homeDurable Power of Attorney for Health CareMust Have Documentsbuying a carstrained relationshipmanage student loansdebt!00% tuition paidsavings pleasureresponsibleStudent Debtprovider of financial supportMoney-Savingmax employee matchreduce monthly paymentOverspendingoverspend on dining outrefundno life insurance financially irresponsiblepay high rate off first3 step financial road mapleave a legacyescrowone credit cardcar leasingreduce withholdingmobile app15-year refinance dealSuze Ormanwomen live longersocial security not going brokeBill and Pennydon't blow tax refundnot enough life insuranceno splurge Financial Power of Attorneyannual cost of living adjustmentLoveSave Us MoneyFHA loan feesGiftsbuy home you can affordget credit cardbetter termsonly offered while employed long-term care premiumsinitial tax break Vital DocumentsMarlo Thomasoverspend on nights outno sneaking in feesHoliday ShoppingCredit Card Interest Ratedon't derail retirement savingsstandard rateMost Influential Celebrities ListAlarm ClockSuze changed my lifecommunity bankthree year car loanincentives for health care wellness screeninghigher monthly paymentmortgage brokertaxesBeautyFederal PLUS loanFederal Reserveemployer funding HSAhighest possible benefitroth iraadjust allocations Roth 401(k)Legal Guardianmarriage inequalityage appropriate goals30 year mortgage doctor no longer in networkpeace of mindlet them have 50% controlreduce interest rateincrease retirement savingsSuze is my biggest mentoradvice for college graduatesallowance taskritual schedulepercentage men widowed 75-8420 year level term paid in fullcut monthly cable billPrime Rate Increaserequire chore in exchange for allowancenear historic lowsitemized deductionBankruptcySelectQuote.comUniversity of FloridaNew York Lifeis it necessary?do you need life insuranceno interesthigh credit score discount40% toward financial goalteensterm life insuranceEmergency Savings6 month waiting periodpublic service career student loan repayment home insuranceOne Wallet At A Timeinsurance mistakehigh down paymentcharges on credit card2015 record year car salesallowancechildren under 18protect your familysecure creditThe Suze Orman Showlowest cost fund optionhome buying seasondo not pay allowance for good behaviorno private loan8 month emergency fundat worst still pay 75% benefitinsurance yearly reviewFederal Stafford loanlive below your meansHigh Credit Scorelife insurance name trust as beneficiarywomen longer life spanRetirement Savingsincrease emergency savingsfinancing car big results COLA2016 adjust estimated taxraise your deductibleclosing feesSuze Orman spouse Kathy Traviscontribute household expenses AccuQuote.comWall Streettraditional vs roth 401(k)real estate marketFixed Rate Mortgagehigh FICO scorepay interest while in schoolprotect loved ones value moneyLTCNew american Dream spring summer earn allowanceworst financial mistakebill paying priorities3 savings buckets confidentteach your child good money habitshealthy retirement weightsocial workanticipated salaryCPI-Wplanno fee transferpay 100% cashstudent loan repaymentCivil RightsRichInfluentialsFinancial Educatordental insurance multiple lenderscompare monthly expensespoint cost offset by savingsChanging Livesbe true to yourselfage appropriate chorefinancial fearsborrow each year, capitalization is going to pile up summer job match income preexisting condition not coveredcompare provider pricingcnbc alarm clockmortgage interest tax deductiondon't cover cosmetic dentistryhome ownershipmortgagefile asapStaffords this year have a fixed 6.8% interest rateearn more on savingsForeclosurefour steps to retirement savings is it true? 10 year repayment plan Post-Divorcemortgage disclosureone annual feeemotional stakes4 Must Have Documents FICO ScoreHolidayhousing marketLong Term Care premiumsLTCi ASAPConventional loan PMIStock Investmentsfamily save at least $100 monthlypositiveAmy LacyetRetirement Incomedon't charge a pennysame sex marriage band end Floridalower overall drug costwomen outlive men8 RulesSuze approvedstudent loan debtbuying car 2016closing disclosurejanuary billsincrease retirement contribution ratepermanent life insuranceFiscal Responsibilityno private loansvalentines dayMinor Children Financial Gift CliffGoodbyeretain separate credit cardsautomatic paymentGay Rightsaffordabilityconfident of solutiondon't extend mortgage get the most out of social security Death Benefit401KBankARMpaid vacationonly refinance if it payscomparison shoppingteens and moneyfinancial aidpurely financial standpointWarner Bros Television Grouploan necessitygrandparent IRA contribution shop online guaranteed level term policyalternative FICO scorepercentage of women widowed 75-84credit uniontake actionbuy down get over life insurance phobiadental discount planCombo Insurance ProductsFinancialrepay student loansGiftbudgetfile taxes quicklyAuto Savings too expensive schoolbest interest rateslow mileage discountUniversity of IllinoisCredit Card Rate IncreaseFinancial AdviceEmployer Matched Contributionorigination fees8 month safety netinterest on student loansMoneyraise insurance deductibleloan no longer than 36monthskids schedule paymentsFinancial Solutions For You50 over 50HDHP's are good for youInfluential Celebrityloan big picture Revocable Living TrustWillmax employer matched 401(k) contributionno negativitypaying for collegeLong Term Care Insurance Veterinary Schoolstaycationsuccesswrite new goalSpendingcar loanspecial saving accountmake saving a pleasurelousy investmentopen enrollment review pay more than minimum20% down payment avoid feesMortgage Credit Availability Indexholiday spendingfocus on new truth zero rate transfer dealscan you afford it3% debt transferred closing costs 2% of loanadd teenaccelerate dental worktax refund fraudinsurancehigh premiumsCNBCdebt freeyours, mine & oursretirement planbalance transfer low down paymentMoney Marketmoney vowsnon conventional routeaffordable premiumemployer offered life insurancequick closingloved ones dependent on incomeborrowing plan Americans don't use all paid vacation timeautomatic withdraw to savings Satisfyingsave moneypay off debtETF'sFinancial Awarenessretirementmonthly benefit financial goal phrasenegotiate points with bank or sellerdoctors in networkdebit cardForbespay down student loan debtcost of capitalization calculatorSchool of Social Workconsider roth 401(k)ARM Cautioncar buying mistakessecured cardhealthy youCory Bookerprotect dependent healthy teethhealthy aging raising mortgage rates small changes College of Veterinary Medicineignore 6 month grace period FundsheartacheFinal GoodbyeworkaholicEasy Life Insurance increased auto insurance premiumpush yourself to save more for retirementbe good exampleemergency fund savingsprescription tierhome related tax break bonus 3 bucket approachletter to suzeStudent Loanmax benefit coveredPay Off Debt Before RetirementGracetitle insurancenew carSelfishsame-sex marriageJose Rodriguez15 year mortgageeliminate credit card debthigh deductible health care plancredit managementlong term careCiti Simplicity Card better loan dealsretirment savingsburn out10% donate to charitychildren's bookcredit reportpay down car loan2015 financial roadmaplong-term care unsubsidized Stafford loanHDHP/HSAresponsible with moneyFinancial CliffCommencementFICO at least 720lower mortgage interestSandy Hook Promiseco-sign short term goal Sandy Hook Elementary SchoolCD'ssocial securityhome budget after tax costExhibitionmoney-aware childfinancial argumentsinterest capitalizationSuze Orman Scholarshipmarriage financial responsibilityswitch to roth 401(k)retirement accountssetup automatic savings withdrawlong term goaldon't use allowance as bribeEric Dodge Urbana-ChampaignPhyllis Shelton expert long-term caredangerous retirement planFree Debt Eliminatorovercome financial fearsAARP Social security calculatorultimate compounding giftdental savings planexercise reguarlydream schoolcreate new truthlow-cost index mutual fundstudentcostly legal premiumlower ratepay credit debt ASAPcalculate dependents annual income needsrolloverFinancial Awareness Video Festivalcommithome loan credit score below 740 mental healthwaive home inspection bidiffy incomegift up to 14,000How To Build Creditraise deductibles20 to 25 times annual incomeStudent Debt Crisisverify wellness screening and programswould you decline a bonusdeath benefit 20 to 25 times annual incomedear suzejuggle multiple financial goalsbecome member no waiting periodprotect and provide for minor child Swap Older Annuities or Life Insurance 20% down paymentHDHP's are not badtax ID theftidentity theftnot gender specific contribution HSA tax savingshealthy gumsfinancial concernshorter payback period740 credit scoreapproved medical 100% tax-freehigher insurance deductibleschedule vacationFinancial Systemdon't spend Lifestyleis it necessarywives should be involved in retirementgraduationbest loan deal rising home priceslower interest ratebad retirement planningavoid burn outlife insurancerent vs buyWashingtonUS Tax Codeback door Roth IRA2016 adjust withholdingloan is giftdon't do five year car loanlearn good financial choicesget health insurancehome buying mistakesFRALong Term Care shoppingraising interest ratescostly insurance mistakebe kind to yourselfMass Mutualeight month living expense low credit scorebreakdown projected monthly housing costInteresthealthy retirement blood pressuresave 401(k) Contributionspublic service loan forgiveness programstore credit cardsPersonal Financeterm insuranceproperty taxlower premiumback-to-school budgetteach importance of helping othersdepreciating asset Revocable Trustfinancial independencederailed plangrandchild summer job IRA contributionAdequate Auto and Home InsuranceAshley Springerrequired disclosure

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel