Every since I quit my job in July, I have had no dental insurance. I just had x-rays and a cleaning in June, so I figured I was good at least until the end of the year. As Open Enrollment is here, I have decided not to be added onto my wife’s dental plan again for 2006. Here are my reasons why:
» It costs an additional $45 a month (pre-tax). So that would be about $540 pre-tax or $390 a year post-tax.
» I have never had a cavity (knock on virtual wood) or any other tooth issue, floss and brush, and I get regular cleanings.
» I am still going to get the semi-annual cleanings and maintenance stuff. If I pay cash, my dentist (who I like and want to stay with) says it will cost about $200 a year. Not a bad annual savings.
» If I do get an HSA Plan like I want, I’d be able to pay for dental costs out of the Health Savings Plan, which is tax deductible. That means I’d be saving even more.
If something horrible happens to my face, health insurance should pay for it. If I crack a tooth or something, then my gamble will have back-fired. Guess I won’t be playing tackle football this Thanksgiving…
» $100 annual deductible before any coverage happens.
» $1,500 annual maximum benefit
» Already had braces and wisdom teeth removed.
So best case scenario, but more likely: Save over $200. Worse case and unliely, lose a maximum of $1400 of coverage (1500-100 deductible). I can handle $1,400.