Dental insurance plans are a little more complicated than an auto insurance. This is because insurance companies allow you to add (or subtract) dental procedures so that it fits your current situation. For Cigna Singapore instance, a young man in his 20s would not really need to be insured for dentures unless he is active in a physically taxing sport that involves body contact. He might prefer to be insured for preventive maintenance, diagnostics, root canal, extractions, and treatment for gums.
If this is allowed by the insurance company, and it usually is, then the payments scheme will probably decrease. Thus, a young man will be able to afford the dental insurance plan with his current financial status.
Dental insurance plans are also categorized according to premiums. Premiums in this case refers to the dental procedure. There are minor premiums and major dental premiums. Most, if not all, minor procedures are covered by the basic package by about 70%. This means you should the remaining 30%. Most major procedures fall under the 50% rating, which means there is a monetary responsibility on your part to shoulder the balance. Some insurance companies shoulder the total costs of minor procedures if the policy can allow for it. This is the kind of dental insurance plan you should aim for.
Regarding payment, you have a choice of paying monthly or annually. Some insurance companies even allow quarterly payments. If you compute the monthly charges, the total amount would be more than the amount you would pay if you chose the annual payment scheme. The advantage of the monthly payment scheme is that it is easier to manage.
All insurance companies will put a limit to the number of procedure you can have in a year, as well as in your lifetime. Ask your insurance agent about this. It is referred to as the Annual Benefit Cap and the Lifetime Benefit Cap.
These are just some of the basics of dental insurance plans. As you delve deeper into the details, you will discover that it gets easier to understand.
With discount dental plans now being offered by finance companies as an alternative to dental insurance, more and more people are beginning to see hope. Hope, that is, in being able to afford to get expensive dental treatments at a discounted rate.