Dental Accident and Emergency Insurance – is it a necessity or a Red Herring?
Whilst we do provide plans with insurance, 77% of our clients elect not to include an accident and emergency insurance product with their plan.
In a recent survey we discovered that very few patients ever process and claim. Why then do most plan providers include it as a mandatory benefit? The premium on insurance products is typically price tagged from £0.50p to £1.00, but in fact costs the providers just a few pence, so the premium is a great source of income and profit for them.
We undertook a survey, where 45,000 plan patients were reviewed and over a three-year period only 15 claims were made.
What to do:
- If you are considering the introduction of a plan, or a looking to re-position your existing plan, consider the appeal an insurance benefit will have before you decide which plan provider to work with.
- You may want the added flexibility of being able to have a plan with no insurance if you feel this suits your needs better.