Group
Dental
Group
Dental insurance is usually offered through one of three plan designs.
Which one makes sense for your credit union depends on many factors.
At Members Insurance Agency, we’ll take a look at each plan design
and help you select the best fit.
The Plans
The
Network Approach: Two of the largest providers of the “network
approach” are Delta Dental and BlueCross. Both of these providers
have vast networks of dentists that participate.
Indemnity Approach: This approach offers the advantage
of freedom-of-choice. Employees can go to any dentist and get
services. However, employees may incur balance billing with the
indemnity approach.
Both
the Network Approach and the Indemnity Approach offer plans where
the level of benefit is dictated by the type of dental service
provided. Certain services usually require the payment of a deductible
and coinsurance. Plans are subject to a calendar year maximum
amount of benefit that is available to each participant in the
plan.
Direct Reimbursement Plans: According the American Dental
Association (ADA) web site, DR plans are the best way for an employer
to fund dental benefits. At Members Insurance Agency, we call
DR plans by a different name… Money Purchase Plans. These
plans offer unlimited flexibility in the design of the plan, pay
benefits based upon the amount of the expense (not based upon
the type of service provided) and provide 100% freedom-of-choice
of dentists.
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