It’s hard to believe that there are only a few more months left in the year. While you may be thinking of how to get a head start on your Christmas shopping, don’t forget about your PPO and/or flexible spending dental account.
Many Americans will leave unused money in their dental insurance accounts because they come in under their plan’s maximum spending limit for the year.
This means that you’re paying into a plan that you’re not getting the most out of. The money that is not used is gone; you can’t get it back or save it for next year.
The more covered dental procedures you have done in a year, the greater your chance will be of not wasting unused money.
For most flexible spending dental accounts, the last day of the year is December 31st. On January 1st, the yearly premium will re-set.
If you’re wondering how to get the most out of your dental insurance account, here are some tips to keep in mind:
– Routine 6-month dental check-ups and cleaning appointments are usually covered. Many PPO and flexible spending dental accounts cover all preventative dental services. Preventative dental services, the most fundamental being the twice yearly professional dental cleaning and examination.
– Any restorative dental work. If something is detected in your 6-month dental exam, the dentist will conduct some sort of restorative dental work to halt further destruction and rebuild any damage to teeth and/or gums. The most common dental procedures such as fillings, crowns, implants, dentures, root canals and root scaling and planing are considered restorative dental procedures.
– Possibly cosmetic or optional dental work. While most PPO and flexible spending accounts won’t pay for cosmetic or elective dental procedures, some do. Call your insurance company to make sure. Don’t assume these kinds of procedures will be automatically excluded. You could be missing out on paid-for procedures.
If you’re not sure what services are covered under your PPO or flexible saving account, ask your insurance company. You can also ask our staff as we accept a variety of PPO and flexible saving account plans and are familiar with insurance plan details from the many insurers we work with.
PPO Insurance Plans
PPO (or preferred provider organization) as a group of dental service providers who form a network wherein members can receive a discount in services.
Most PPO plans cover all or many of the costs of preventative dental care and around half of the costs of restorative dental procedures.
PPOs tend to have the lowest out-of-pocket costs if getting service with a provider within the network. The maximum amount of coverage PPOs cover is on average $1000.
Flexible Saving Account
A flexible saving account is a special account made of untaxed money to be used strictly for medical and dental care costs. You or your employer can contribute to your FSA. Employers, however, can only contribute a maximum of $2,600.
The medical and dental procedures cover yourself, your spouse and your dependents. The FSA funds aren’t to be used for insurance premiums, but they can be used for insurance deductibles and copayments. Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs.
FSA funs can also be used on medication, both prescription and over-the-counter as well as medical equipment, supplies and diagnostic test devices.
Now is the time to schedule an appointment with our dentists in Lincoln NE and utilize your unused PPO or FSA funds before time runs out. Contact us today for more information about our insurance policies or to schedule an appointment.