Group Dental Insurance is one of the most requested benefits by employees and is one of the most popular employee benefit programs offered by employers.
It is a fairly inexpensive benefit plan so it is important that employers evaluate the need for such a plan. Items to consider include:
- Long term costs of the plan
- Should the plan be fully insured or voluntary
- Is the plan necessary to attract and retain employees
- Are other employers in your industry offering the benefit
Rather than purchase an insured dental plan, many employers determine how much they are willing to pay for a dental plan and contribute that amount through their cafeteria plan. This approach is very effective in controlling plan costs. The table below provides a summary of typical plan requirements.
Typical Plan Design Provision
5 or more employees for full coverage
Preventative only plans start with 2 or more employees
80% – 100% Preventative Care
60% – 85% for Minor Restorative Care
40% – 60% for Major Restorative Care
50% – 50% for Orthodontia is usually optional by plan
An annual deductible of $25 or $50 usually applies to the restorative tiers.
Annual benefit maximum per employee ranges from $500 – $2000 with $1000 or $1500 being the most common amount.
Rate Guarantees – Usually 1 – 2 years, 1 being the most common
Plan Types – Traditional or Voluntary
Your Group Dental Insurance plans are offered through the following carriers: