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

Satisfyingdo not pay allowance for good behaviormoney-aware childdental savings planopen enrollment review Conventional loan PMIback door Roth IRAovercome financial fears20 to 25 times annual incomepush yourself to save more for retirementBank20 year level term 10 year repayment plan healthy retirement weightSwap Older Annuities or Life Insurance New american Dream multiple lendersverify wellness screening and programspeace of mindrent vs buySuze OrmanresponsibleInvest for savings growthsuitableFederal Reservemoney vowsdon't ignore open enrollmentStudent DebtFinancial Awarenessmake saving a pleasureburn outco-sign accelerate dental workFundseight month living expense home ownershipno tax on withdrawlsdoctors in networkshop online guaranteed level term policypercentage of women widowed 75-84doctor no longer in networkincrease retirement contribution ratebest interest ratesRetirement Income20% equitydo you need life insuranceaffordable premiumnear historic lowshome related tax break bonus How To Build CreditFinancial Awareness Video Festivaltoo expensive schoolemergency fund savingsstore credit cardsPhyllis Shelton expert long-term careoverspend on giftsdon't blow tax refundschedule vacationfull retirement agevalue moneyiffy incomedeath benefit 20 to 25 times annual incomeclosing feesVeterinary Schoolsocial work2017 Taxeshealthy youMost Influential Celebrities Liststudent loan repaymentHDHP/HSAemployer offered life insurancehome buying seasoncommitconfidentworkaholicForbesprotect loved ones monthly benefit premiumsuccessoverspend on dining outCPI-Wbuy home you can affordAmericans don't use all paid vacation timeRevocable TrustTelepicturesback-to-school budgetis it kind?HDHP 4 Must Have Documents Financial CliffRichinitial tax break 2016 adjust withholdingverify retirement plan with HR or plan sponsormarriage financial responsibilityteach your child good money habitsdepreciating asset Cory Bookerdeath benefit needs for familyfinancial aidCiti Simplicity Card retirement planLifestylegraduationno private loansdebtpay high rate off firstpay down student loan debtSuze changed my lifeCombo Insurance ProductsSchool of Social Workdental discount planavoid burn outstay positiveincreased auto insurance premiumtake actionfile taxes quicklyVital DocumentsAARPconsider roth 401(k)Gay Couplesrollovershorter payback periodsecured cardno splurge Legal Guardianstudent loan repayment estimatorPBS Specialtitle insuranceFederal PLUS loanautomatic withdraw to savings ignore 6 month grace period automate student loan paymentsfocus on new truth prescription tiergay marriage ban end Florida dream schoolBill and Pennylowest cost fund optionDeath Benefit8 month safety nethome buying mistakesfinancial goal phraseface your financial fearrequired disclosureraising mortgage rates better loan ratessetup automatic savings withdrawgift not loanmental healthrefinancedon't do five year car loanmaintain standard of living740 credit scorewomen long term careborrowing plan approved medical 100% tax-freehealthy gumsfamily save at least $100 monthlycompare monthly expensesno sneaking in fees30 year mortgage short term goal paying for collegesave contribute household expenses age appropriate goalsCredit scoresame sex marriage band end Floridapercentage men widowed 75-84become member healthy aging bill paying prioritiesdebit cardadult childrenEric Dodge calculate dependents annual income needspublic service career student loan repayment High FICO Score = Better Rateterm insuranceonly refinance if it paysWarner Bros Television Groupadjust allocations not enough life insuranceHDHP'sRetirement Savingscredit managementderailed planlower premiumHigh Credit Scoreclosing costs 2% of loanmortgagelife insurance name trust as beneficiarybe kind to yourselfuniversal college accesshealthy teethnon conventional routeraise insurance deductiblefocus on needsPrime Rate Increaseproperty taxfile asapfinancial fearsInfluential Celebrityloan big picture Federal Stafford loanAshley Springerpositivelet them have 50% controlinterest on student loansSuze approvedbad retirement planningpowerfulretirementallowance taskbuy down Stock Investmentsprotect dependent mortgage brokerAmy Lacyetreduce withholdingraise your deductiblewives should be involved in retirementannual cost of living adjustmentno waiting periodsocial securityETF'salways use all paid time offlong-term care premiumsritual scheduleFinancial Power of AttorneyCommunication Skills earn more on savingsLTCbig results high deductible health care planno late fee live below your meansraise deductiblesFinancial EducatorFICO at least 720anticipated salaryYoung Adult letter to suzeorigination feesinsurance yearly reviewFederal Funds Ratehigh credit score discount50 over 50provider of financial supportprotect your familyUniversity of Illinoishigh FICO scoreMortgage Credit Availability Indexdon't cover cosmetic dentistrysocial security never insolventWilllow-cost index mutual fundGiftssave moneysavingsFICO credit score credit card mortgageAccuQuote.comFHA loan feesreplace permanent life insurance with termInterestjanuary billsyours, mine & oursfinancing car Prime Rate Rise 2015repay student loansquick closinggift grandchild IRA contributionUrbana-Champaignretirement accountsloan is giftLong Term Care Insurance commissionsphysical healthemergency fund Loveengaged in financescommunity collegeallowancewrite new goalpay 100% cashmax employee matchdon't derail retirement savingsplanitemized deductionschool long term goalfinancial argumentsspecial saving accountloan necessityreduce monthly payment2015 financial roadmapMoney401Khigh down paymentstudent loan debtMinor Children traditional vs roth 401(k)raising interest ratesis it true? retirment savingsis it necessary?don't defer interest paymentsunexpected expensemonthly dental insurance premiumtelevision hostCollege of Veterinary Medicinefinancial independenceMass MutualGraceno life insurance financially irresponsibleStudent Debt Crisisknow before you oweHeartThe Suze Orman Showhealthy retirement blood pressureprofessional advisorchildren's bookalternative FICO score20% down payment avoid feesno private loanCD'sGiftcompare provider pricingpay down car loanpoint cost offset by savingsFiscal Responsibilityget over life insurance phobia15-year refinance deal2015 record year car salesno retirement funds for down paymentmeet monthly get the most out of social security 401(k) ContributionsTeachworst financial mistakedon't use allowance as bribeFixed Rate Mortgagepermanent life insuranceno fee transferautomatic paymentwomen longer life spanretain separate credit cardsHoliday ShoppingCivil Rightsmortgage interest tax deductionsecure creditpaid in fulllow credit scorefederal student loan deferment same-sex marriageAlarm ClockARMmobile apppreexisting condition not coveredget credit cardDurable Power of Attorney for Health CareLTC shoppinglife insurance15 year mortgageMoney-SavingEmployer Matched Contributionloan no longer than 36monthspublic service loan forgiveness programBankruptcyidentity theftholiday spendingroth irabuying car 2016taxesage appropriate choreteens and moneySuze Orman spouse Kathy Travisrefundfraudulent returnmax benefit coveredJose Rodriguezcredit union2016 adjust estimated taxreduce interest rateFree Debt Eliminatornegotiate points with bank or sellerAARP Social security calculator10% donate to charityUS Tax CodeGoodbyetax ID theftcostly insurance mistakeincrease emergency savingsoverspend on nights outPost-DivorceIRA contribution gifted moneybad decisionsone annual feewould you decline a bonus3 bucket approachChanging LivesWall Streettax refund fraudbe good example3 savings buckets dental insurance student loan repayment planno interestswitch to roth 401(k)gift up to 14,000sidelinedincrease retirement savingsdangerous money seasonbetter termscomparison shoppingHolidayaffordabilityFinancial SystemNew York LifeForbes Top 108 Rulespay more than minimumsocial security not going brokeemotional stakesadvice for college graduateslousy investmentterm life insuranceForeclosureno negativitycar buying mistakesmarriage inequalitycollege studentborrow each year, capitalization is going to pile up 40% toward financial goalCredit Card Rate IncreaseMarlo Thomasget health insurance3% debt transferred 20% down paymentunder 18 financial giftCredit Card Interest Ratestretch out haircut appointments6 month waiting periodFinancialAdequate Auto and Home Insuranceultimate compounding gift3 step financial road mapcreate new truthUniversity of Floridateach importance of helping otherssmall changes high premiumscut monthly cellular billeliminate credit card debtinterest capitalizationpay off debtpaid vacationCOLAonly offered while employed couple financesinsurance mistakesummer job match income LTCi ASAPpay credit debt ASAPone credit cardidentity fraudchildren under 18Sandy Hook Elementary Schoolstudentresponsible with moneyvalentines daylow down paymentfour steps to retirement savings grandchild summer job IRA contributionmax employer matched 401(k) contributioncar loanhome loan credit score below 740 balance transfer charges on credit carddon't spend don't extend mortgage financial concernheartachecollege graduateFICO Scorehome insurancecostly legal credit reportbuy homeHDHP's are not badPersonal Financehigher insurance deductibleNewtowndangerous retirement planrising home priceskid borrow firstRevocable Living Trustteensincentives for health care wellness screeningconfident of solutionhighest possible benefitcredit cardexercise reguarlylong-term care HSA tax savingsstandard rateSelfishnot gender specific One Wallet At A TimeCNBCreal estate mistakesEmergency Savingsbreakdown projected monthly housing costbest loan deal Baby BoomersFinal Goodbyecredit utilization rateEasy Life Insurance add teenearn allowancecar leasingSave Us MoneyARM CautionSuze Orman Scholarshipstrained relationshipbetter loan dealsSelectQuote.combuying a carSandy Hook Promisehousing marketlow mileage discountlower overall drug coststaycationemployer funding HSALong Term Care premiumscnbc alarm clockRoth 401(k)Commencementstandard deduction Long Term Care shoppinglower mortgage interestSpendingcost of capitalization calculatorbe true to yourselfStaffords this year have a fixed 6.8% interest ratecommunity bankbest interest of investorlower ratewomen live longerhome budget after tax costlearn good financial choicesInfluentialsat worst still pay 75% benefitHoliday Seasonsavings pleasurethree year car loanlower interest ratewomen outlive menMotherkids schedule paymentscan you afford itswitch to spouse coveragepay interest while in school19 years cash flow problemescrowno apologyfiduciarywaive home inspection bidhome buying budgetprotect and provide for minor child don't buy wantsBeautyrequire chore in exchange for allowanceFinancial Gift Cliffhigher monthly paymentdon't charge a pennymortgage disclosurecut monthly cable billPay Off Debt Before Retirementmanage student loansnew carSuze Orman's Money WarsAuto Savings Financial Adviceinsuranceclosing disclosureFRAFinancial Solutions For Yougrandparent IRA contribution dear suzeSuze is my biggest mentordebt freereferrals is it necessaryHDHP's are good for youzero rate transfer dealsStudent Loanpurely financial standpointExhibitionlong term careGay Rightsspring summer juggle multiple financial goalsMust Have Documentsunsubsidized Stafford loanloved ones dependent on incomeleave a legacyOverspending!00% tuition paidbudgetInflation Benefitcontribution real estate marketkeep a scheduleenjoy saving Money MarketWashington8 month emergency fundpresident Obamaspeak new goal

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