Principal dental insurance review
Principal dental insurance is a form of dental insurance offered by Principal Financial Group, a multinational financial services provider. They provide dental insurance policies that cover a variety of dental services, such as preventative care, minor and major restorative operations, and orthodontic treatments.
Principal dental insurance policies often feature a network of dentists from which policyholders may obtain discounted services. These plans may also cover out-of-network providers, albeit the coverage may be limited.
Dental insurance policyholders pay a monthly fee for coverage, which may include a deductible and coinsurance or copayment requirements for some procedures. Because the specifics of each plan’s coverage and cost-sharing obligations differ, it’s critical to thoroughly research the terms of any plan before enrolling.
One of the primary advantages of Principal dental insurance is the number of plans available. They provide plans for individuals, families, and businesses, with varying levels of coverage and cost-sharing. Some plans may have lower monthly premiums but higher coinsurance or copayment amounts for certain treatments, whereas others may have higher monthly premiums but reduced cost-sharing requirements.
Regular cleanings and exams, as well as simple and major restorative operations like fillings, root canals, and crowns, are commonly covered by primary dental insurance policies. Many policies also cover orthodontic procedures such as braces or Invisalign.
Another advantage of Principal dental insurance is the availability of a large network of dentists. Policyholders can receive discounted treatments from a network of partnering dentists, helping them to save money on dental care. Furthermore, certain plans may include coverage for out-of-network providers, however the coverage may be limited.
Principal dental insurance policies, like other forms of insurance, include restrictions and exclusions. Cosmetic dentistry operations, for example, may not be covered, and there may be waiting periods for some services. Before enrolling in any plan, carefully check the specifics to confirm that it suits your individual dental care needs.
Overall, Principal dental insurance may be a suitable choice for people and families seeking comprehensive dental coverage and access to a network of providers. Before choosing a plan, compare them and thoroughly analyze the specifics to verify that it suits your personal demands and budget.
Example of a Principal dental insurance plan. Here is an overview of one of their plans, the Principal Dental PPO plan:
Network: The plan has a large network of participating dentists, which can help policyholders save money on their dental care. However, policyholders can also choose to see out-of-network providers, although the coverage may be less.
Coverage: The plan covers a range of dental services, including preventive care (such as exams and cleanings), basic restorative procedures (like fillings and simple extractions), major restorative procedures (such as crowns and bridges), and orthodontic treatments (like braces and Invisalign).
Cost-sharing: The plan has a $50 deductible per person or $150 per family, and coinsurance or copayment amounts for certain services. For example, policyholders may have a 20% coinsurance requirement for major restorative procedures, meaning they would be responsible for paying 20% of the cost of the procedure, with the plan covering the remaining 80%.
Annual maximum: The plan has an annual maximum benefit amount, which is the most the plan will pay for covered services in a given year. The specific amount varies depending on the plan, but it is typically in the range of $1,000 to $2,000 per person.
Waiting periods: The plan may have waiting periods for certain services, such as a six-month waiting period for basic restorative procedures and a 12-month waiting period for major restorative procedures.
Premium: The monthly premium for the plan depends on the level of coverage selected and the number of individuals covered. For example, a policyholder may pay around $30 per month for individual coverage, while a family of four may pay around $80 per month.
What is the lifetime maximum benefit for orthodontic treatments?
The lifetime maximum benefit for orthodontic treatments can vary depending on the specific Principal Dental insurance plan that you have. However, as an example, the Principal Dental PPO plan that I mentioned earlier typically has a lifetime maximum benefit of $1,500 to $2,500 for orthodontic treatments. This means that once the policyholder has reached this limit, the plan will no longer provide coverage for orthodontic treatment costs.
It’s important to note that the lifetime maximum benefit for orthodontic treatments is not the same as the annual maximum benefit, which is the most the plan will pay for covered services in a given year. The annual maximum benefit for the Principal Dental PPO plan, for example, typically ranges from $1,000 to $2,000 per person.
If you’re considering a Principal Dental insurance plan and are specifically interested in orthodontic coverage, it’s important to carefully review the plan details to understand the specific benefit limits and any other requirements or restrictions on orthodontic treatment coverage.