dental insurance

Different Types of Dental Insurance Plans

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dental insuranceWhen it comes to your dental career, it’s important to balance your interests and resources with the demands of your clients and patients. This way, you can continue your operations smoothly without suffering any losses. This is why insurance companies are here to help you deal with issues that you can’t handle alone.

There are two types of dental insurance – managed care and indemnity plans. Deciding which is best for your practice may be difficult, though. Here’s some information to help you choose the right one for your needs:

Managed Care Dental Insurance

This implements procedures that help control and regulate the costs of providing services, like dentists, to their members. These include the following:

1. Preferred Provider Organization (PPO) Plan – This closed panel plan involves contracting with insurance companies to create a network of treatment providers. When your patients increase because of them, you may need to give dental fee discounts. This is why looking for an effective dental insurance reimbursement service can save you from their high demands.

2. Exclusive Provider Organization (EPO) Plan – This is similar to the PPO, but with a single condition. Patients don’t have other options, but to receive treatment only from a dentist who’s a member of the network of treatment providers. This gives you loyal patients all throughout.

3. Capitation Plan (Dental Health Maintenance Organizations) – This is when you’re in partnership with industries through a contract. You’ll have to offer your services to registered members, while being paid a fixed amount monthly. It’s your responsibility to perform the necessary dental treatment within the plan’s timeframe.

Traditional Dental Insurance

Also known as indemnity plans, these involve accepting any patient and offering the necessary treatments. After that, patients need to submit a claim for the insurer to provide benefits based on their terms and conditions. This type of insurance usually covers 50% to 80% on basic and major dental services. For preventive dental care, there’s a possibility that the insurer will cover the entire treatment.

Finding a reliable dental reimbursement and insurance company will help you attend to your client’s demands. This way, you can save more money and continue your operations.

Sources:

http://www.dentalinsurancecare.com/dental-insurance-types.html
http://www.animated-teeth.com/dental_insurance/t4_dental_insurance.htm
http://www.everestadvocate.com/dental-reimbursement-rates/

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