3 Small Business Dental Insurance Options To Consider

Small business dental insurance is very affordable. There are many types of dental insurance plans that are available to small businesses, and there are several options to consider. In fact, most businesses that offer health insurance to their employees also offer dental insurance coverage. When considering options for offering dental insurance, you should evaluate as many options as possible. Therefore, here are a few for you to consider:

Traditional Dental Insurance Coverage

Generally, company-sponsored dental insurance plans are made available to employees who may or may not also be enrolled in the company's sponsored health insurance plan. Usually premiums for small business, or company-sponsored, dental insurance plans are paid by the employer; however, since dental coverage is many times viewed as optional, costs may be shared by the employer and the employee, or simply deducted entirely from an employee's wages.

These types of policies usually require some sort of co-payment, and there may be a minimum deductible that must be met, before claims are paid. Traditional dental insurance coverage is the type that is offered by most small and medium-size businesses.

Discounted Dental Plans

This type of plan is actually not insurance at all; it is a plan made available to small businesses that enables them to offer significant discounts on dental visits and dental related costs. Generally, small businesses must enroll in a plan that is offered by a company that manages the discounted dental plan. Depending on the popularity of the discounted dental plan, participating dentists may number only a few or the plan may offer access to thousands of dentists registered with the program.

While this type of plan does not actually pay for dental services, it does make them considerably more affordable; therefore, they may be competitive when considering the cost of co-payments and deductibles. In addition, using these types of discounted dental plans doesn't require for employees to fill out claim forms or wait to be reimbursed for claims. Also, there are very little -- if any -- costs incurred by the employer for enrollment in these plans.

Self-Funded Dental Direct-Reimbursement Plans

Direct reimbursement plans are self-funded programs, in which the employer reimburses an employee the cost of dental services according to the amount of money spent for such services. These types of plans also allow your employees to visit the dentist of their choice, and don't require using a dentist in a preferred or restricted network.

These type of plans usually offer benefits to employees on a sliding scale; for example, a direct reimbursement plan may pay 100% of dental related cost up to a certain amount, and then pay lesser percentages for amounts above and beyond that threshold. Typical threshold amounts are set at $500 -$1000 per year. However, these amounts are entirely at the discretion of the employer. In fact, the American Dental Association (ADA) strongly supports direct reimbursement programs, and has stated they should be the preferred choice of dental coverage for many small and medium-size businesses.

As you can see there are several options available that will allow you to provide dental coverage, or discounts on dental services, to your employees. No single option is best for all employers; therefore, you should research all available options, and choose the one that is best for your small business.