First, let’s talk about dental insurance. Dental insurance is a great thing, and if your workplace provides it at no cost to you, then obviously you should take it. But if you have to pay for all or part of your dental coverage, then it becomes a judgment call as to whether it’s a good deal or not.
A typical benefit is about $1,000- $1,500 per year per person and that’s it. It certainly doesn’t take long to rack up a bill that exceeds that limit. But if you have great teeth like my man Len and you rarely or hardly ever need anything other than a cleaning, then paying for insurance may be a bad deal. Just pay cash for your twice yearly cleanings and you’ll probably come out ahead in the long run.
However, if you consistently need dental work done every year or two, then insurance is probably a good deal from a numbers standpoint because they will pay out more money in claims than they take from you in premiums.