Buying Dental Insurance information 562 869 0928
A dental “benefit” can be offered by an insurance company ONLY if the company makes a profit. In order to make a profit, an insurance company has to ensure that the money they pay out in benefits is far less than the amount they charge for insurance premiums. If they pay out more than they take in, they go out of business.
If a person buys an individual dental insurance policy, the fact that the insurance company must charge the buyer more than the policy will ever pay out is already factored into the price. On the average, the insurance policy buyer must pay about 0 in premium to obtain about – in benefits. The difference is the insurance company administrative costs and their business profit.
With this in mind — with the individual paying 0 to an insurance company in order to obtain in dental care — one has to ask, WHY buy dental insurance? It is obviously cheaper to spend directly at the dentist for in care, than it is to pay 0 to a dental insurance company to obtain that same in dental care. For an individual seeking to buy an individual dental “benefit,” the cost structure obviously makes no sense whatsoever.
Anyone who buys dental insurance assumes that the cost of the insurance is LESS than the cost of their dental care. Otherwise, there would be no reason to purchase the insurance. Thus, the purchaser erroneously assumes that somebody ELSE will be paying the cost of their dental care which exceeds the cost of the insurance.
With group (not individual) dental insurance, policies are sold only to large groups (such as employees of a company) and not to individuals. Statistics show that with large group purchasers, many of the group do not even use their dental insurance in the course of a year, despite the fact that the premiums are being fully paid. These people who do NOT utilize their group benefits may number 30% to 40% of the people covered under the policy and are, in effect, paying the bills for all the people who DO utilize the dental policy. Since the premium is paid through payroll deduction or by the employer itself, the employees often don’t notice the full impact of their premium costs.
As opposed to group dental plans, individual dental insurance must be paid for by the individual purchaser. Nobody would go out of their way to find and pay for such a policy unless they intend to use it! Individual policies thus have a utilization rate of 100% as opposed to the 60% – 70% who utilize group dental policies. With individual policies, there is no “somebody else” who fails to utilize the policy, so the individual has NOBODY ELSE to pay his bill for him.
This fact of high utilization rates for individual policies is called, in insurance terms, “adverse selection.” When insurance companies know their policies are going to be subjected to “adverse selection,” they must charge much higher premiums, or greatly limit benefits, or both. Generally, dental insurance companies choose to avoid the severe problems of adverse selection by avoiding the individual market entirely, restricting their dental policy sales to groups only.
A few moments spent reflecting on the fact that dental insurance companies must collect more money than they pay out, will help people who seek dental insurance to understand that their premium payments MUST be higher than the value of the dental care they receive. It is much more efficient, and cheaper, to seek out the best value among all the dentists available and pay the dentist directly, cutting out the middleman (the “dental benefit company” which performs no dental treatment at all), so the patient can pocket the savings.
Dental Insurance Downey Ca 90240
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Dentists in Downey Ca
Preventative Dental Care
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Porcelain Fixed Bridges
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If you have any questions, concerns, or would like to schedule an appointment, please contact us today at 562 869-0928. We look forward to providing you with the personal care you deserve.
John McAllister DDS Inc
10917 Paramount Blvd
Downey Ca 90241
Visit our Downey Dental page and subscribe https://www.youtube.com/user/johnddscom
Why To Choose No Physical Life Insurance Policies
Some people may worry that due to certain issues in their lives, they may be unable to find a life insurance policy that they can afford. If you are one of these people, you should consider a no exam life insurance policy. Talk to an insurance broker or agent to find out more about these products and how they will work for you. While such policies can be more expensive, they are a better idea than forgoing life insurance entirely.
To find a less expensive life insurance policy with no exam, look for an insurance company that has been around for a long time. Established companies usually provide better service and lower premiums than newer companies with less of a track record.
Try to identify things in your life that you can change for the better. Anything you can do to lead a healthier lifestyle will help you save money on your life insurance premiums. For example, quitting smoking not only makes you healthier, but you can get cheaper premiums on your life insurance.
Rates for No Exam Life Insurance
The premiums for no exam life insurance policies are often higher than with other policies, so you need to carefully review the entire policy before signing anything. If you need help finding a policy, use Life InsuranceUnited.com help you find a policy that will work for you.
Be sure to spend some time researching any insurance company before buying a policy from it. There is a lot of great information out there that you can use to find out more about a specific company. For example, the Better Business Bureau has a great deal of useful information about many companies.
It is a good idea to get multiple quotes for no exam life insurance policies. By comparing these quotes, you can choose the policy that gives you the best coverage at the most affordable cost.
Medicare Supplement Insurance And You
We all tend to require more care for our health needs the older we become, and it also tends to become more expensive. Our very lives may depend on the quality and the extent of how we are able to pay for this care, and this is where Medicare Supplement coverage comes in. Medicare Supplement, also called Medigap coverage will pick up all of the costs in conjunction with Medicare.
Medicare itself only covers 80% or less of the medical bills on the average, and Medicare Supplement policies can pick up the rest. This gives a policyholder a great sense of security in knowing that the bulk of his or her medical bills will be covered. Medicare Supplement policies are only available to people who are age 65 or older and to people who are permanently disabled if they are under age 65.
The Medicare Supplement policies themselves are fairly inexpensive because they only have to pick up the difference in what Medicare doesn’t pay and the total bill. Since there are ten plans with varying amounts of coverage, this enables most people to fit the policy into their budget. To help with understanding one person might find that Medigap plan N is a better match for their budget even though there is slightly less coverage than plan C.
The policy can be purchased without worrying about medical conditions that would fall into a pre-existing category. They can apply for a policy as early as 3 months before they turn 65 and the pre-existing clause doesn’t apply, as well as 3 months after their birthday. If a new policy is desired down the road, then medical requirements will be required for underwriting.
A Medigap, or a Medicare Supplement plan, as these plans are also called, are available from a variety of different companies, so you should contact a health insurance agent in order to get price comparisons. If both husband and wife applies, there is usually a family discount applied which helps out on the cost of the premium. You will be glad you purchased such a plan, as it will save you lots of money on doctor and hospital claims in the future.
Do You Need Life Insurance When You Reach 50?
Life insurance certainly serves a very practical purpose in our lives, but do you need to obtain a policy as soon as you turn 50? For most people it’s a personal choice based on individual circumstances. However, there are a few things everyone should think about.
Your Family Medical History
While there’s no guarantee that you will inherit a disease or condition simply because it runs in your family, this is not something to take casually when considering your life insurance needs. Analyze the facts and be honest with yourself as you consider your possible need for insurance. Once you obtain a policy, you’ll probably want to keep it indefinitely, so think about how much sense it makes for you moving forward.
Your Family’s Financial Position
If you are the sole bread winner or have others dependent on you financially, life insurance takes on new meaning, especially as you get older. Even family members that don’t live with you may be at a loss upon your passing, and that’s something you need to consider. Although you’re really thinking about the unthinkable, realize that anything can happen in life. You don’t want to leave loved ones in a highly compromised position, as much as you don’t want to have to imagine the circumstances under which it would happen.
Your Personal Financial Situation
In the event that you have a lot of outstanding debt, your entire estate could be eaten up paying those debts instead of it going to your loved ones. Not only will they be dealing with your tangled finances, there probably won’t be any resources available for your final costs. At the very least, put people you care about in the position to take care of your needs and services by having a life insurance policy.
While none of us are going to live forever, not all of us need to run out and obtain life insurance. However, in many cases, it’s simply a smart idea. Look closely at your personal circumstances and make the wise choice for everyone involved. An insurance adviser like TAIK Over 50 life insurance advisers can help you pick the best policy for you and your families needs. Since these types of insuranec agencies specialize in the over 50 market they are able to really zone in on what best matches your priorities. So do not wait any longer get your life insurance in order today.
How To Prioritize Your Personal Finances
If you don’t have ample control over your finances, then they are going to control you. Ignoring issues, as minor as they may seem, is only going to build up on you in the long run. You don’t want to end up in hot water because it can take quite some time to get back to a good position. Take the following personal finance tips into consideration as you plan everything out.
What amount of debt are you carrying right now? If you’re not sure, then you need to get the number and breakdown by looking at our credit report. Too much debt can spin out of control, causing you all kinds of extra fees as well as dealing with the collections and judgments. Too much debt can even lead to bankruptcy and a lot of personal financial stress. You want to be making your debt lower, and you want to work on building your credit. This way you’re able to get financial help in the future when you’re in need. High interest debt should always be paid down first because it’s the debt that is costing you the most money.
People often get mixed up in sub par loans, such as those offered by payday loan companies. These can throw any budget off and really mess with your financial goals. People often default with these and find themselves in a big mess. Making payments on time will not only save you money and establish a business relationship, but it also reflects well on your credit. Always pay yourself each time you get paid. This means that you are going to save money no matter what from each paycheck. A person with a strong financial standing always has a savings to back him or her up. You should eventually be able to live off of this savings in case of emergencies to the tune of six months.