Quality dental care is necessary for your overall health. There have been many studies that show
that poor dental care can lead to stomach problems and other health issues. Therefore, having a good
dental insurance plan is a good idea, especially if you are trying to save money for a
home down payment.
Not all plans are created equal
Interestingly enough, the plans that you think would cost you the most are oftentimes the least expensive
in the end. In fact, a flat coverage policy may wind up costing you more in out-of-pocket expenses leaving
you with less money to use towards your home down payment.
Evaluate your needs
Single people and couples without children may need less coverage than those with young children.
Evaluate your dental bills over the last year before determining which dental plans may be right for
your individual needs. Allow for unexpected expenses such as tooth extractions, caps or root canals
as there is never an easy way to determine when these may be necessary.
A dental HMO plan is often the least expensive type of dental insurance that you can carry. These
plans often have restrictions including the dentists that accept the plan. These plans often cover
preventative dental care as long as you are using a dentist inside the plan. These plans are often
ideal for couples with young children though the costs should be compared to what these services would
cost out of pocket.
Preferred provider dental plans are less restrictive than DMHOs, allowing you to see different providers.
Before accepting this type of plan, you will want to review the providers in the plans that often offer
services at a discount. In some cases, this dental plan will provide the coverage that you need at a
fraction of the cost of other plans.
Direct reimbursement plans are also cost effective plans for good dental coverage. However, these plans
require that you pay your dentist in full before the insurer reimburses you. Many of these plans have
caps on what is paid in full and what is reimbursed at lower levels. You will have to evaluate these
plans carefully as you may wind up spending more than you think from your home down payment for this
Do not get fooled by discount cards
Many people are tricked into accepting what appears to be insurance but in reality is merely a discount
on services. These discount cards often do not cover any expenses at all, instead, they are accepted by
many dentists who will offer services to holders at a lower cost than if you were simply paying out of
pocket. Do not get tricked into using these plans since they often will result in very high bills that
will have to be paid from your home down payment.
Before you make a decision on your dental insurance, make sure that you are comparing prices between the
different dental insurance companies thoroughly.
Only when you take the time to make these comparisons can you ensure that your home down payment funds
will not have to be accessed for high dental costs.
When you select the right dental plan to meet the needs of you and your family, your dental insurance
premiums and dental bills may be less than what you originally believed. Do not cut corners to save money
for your home down payment and wind up with a plan that does not meet your individual needs. Compare prices,
compare coverage and determine what your out of pocket dental expenses will be with each plan. Once you're
done saving money on your dental insurance, make sure to save money on your
health insurance too!
This article is written by guest author Doreen Martel exclusively for Save For House.