Dental/Medical Plans vs. Insurance, which do you prefer?

Personally where I work they offer Medical coverage from the time you have been there 90 days, and then you have to sign up for Dental as an option. And I am sure the premiums are a lot better if you have them seperate than thru an Insurance as you can then have a little more leadway to pick and choose which option(s) you would like to offer to someone. Because in reality it is what is best financially for you, that would also work best for the others involved.

Hi Roberten! I am an insurance broker. I hope i might help a bit.. I am from the Philippines though, hence i am not sure if my idea would be applicable to where you are. Here in our country Philippines, we have a dental plan but this is good only for standard procedures. What we do here is that the insurer has a networf of dentists so the employees can just go through the network and present their dental card for cashless availment. Our medical insurances vary here as well. The usual coverage is for confinements up to a maximum of 120thou per illness per year. It is good that you have the numbers so that you request for lower premiums. By the way... Do your employees have an annual physical check-up? You can also use these results to gauge if you are better off in an insured plan. If your employees are aging 40-50 and are sickly, an insurance plan might be hard to manage because you can expect the premiums to rise annually due to higher utilization. That being said, you would have to consider the capacity of your company to continue the benefits annually as if it is already a commitment to the employees' welfare. For sure, you cannnot downgrade a benefit as there would be employee issues. Good luck to your choice!