Employers should provide dental insurance to their employees in order to help them receive dental treatment. Fully insured dental plans provide predictable premiums for employers, but insurance companies could raise them (Wilmerding 2016). Employers who want to save money should consider self-funded dental insurance. Self-funded...
If small businesses, including small dental clinics, have at most 50 employees, they can search for health and/or dental insurance policies through the Small Business Health Options Program (SHOP), which is “part of the Affordable Care Act (ACA)” (Merhar 2016; “Overview of SHOP: Health insurance...
People could get health insurance policies by themselves or through their employers, such as dental clinics. Clinics can give different types of health insurance to their employees, ranging from “Individual health insurance (with or without a defined contribution allowance),” “small group health insurance policies” from...
Health insurance usually does not pay for dental and vision work (“My health insurance does not cover dental and vision”). Also, while businesses must have group health insurance policies if they employ at least 50 people due to the Affordable Care Act, they do not...
People’s mental and nervous conditions, such as depression and post-traumatic stress disorder, may hinder them from working (Nabity 2017a). Colin Nabity, “CEO and Founder of LeverageRx,” states, “Studies show mental illness is prevalent among physicians and dentists” (2017b). Additionally, the National Alliance on Mental Illness...
Although disability insurance covers people in the event that they cannot come to work due to illnesses and injuries, their policies may not cover all of them. Before officially enrolling into long-term policies, insurance companies have to learn about the applicants’ medical information and lifestyle...
If dentists wait until later to enroll into disability insurance policies, they may become unqualified for them (Schneider 2015; 2016). Furthermore, as dentists wait and age, they pay higher premiums for these policies (Schneider 2016). Insurance companies determine dentists’ eligibility for their disability insurance as...
Disability insurance could help dentists with important payments, such as student loans and mortgages, because it “provides [them] with a fixed income should [they] become sick or injured and unable [to] earn an income as [a] result of not working” (Schneider 2015; Nabity 2017). According...
Dentists must address not only their patients’ oral health, but also their employees’ safety. Their employees may get hurt on the job. If this occurs, worker’s compensation insurance “provides employees with financial compensation for lost wages due to harm or injury resulting from performing their...
A family member’s death may negatively financially affect their relatives, but he or she can get life insurance, from which “[the] named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured” (“Life Insurance”). Life insurance can...
When dentists “cannot work due to injury or illness,” their clinics continue their operations, but dentists must worry about their overhead (Samaras 2008). Insurance for overhead could pay for its costs until the dentists return (Samaras 2008). Coverage for overhead, which is a significant part...
Patients may sue dentists for malpractice, a situation that “can tarnish a dentist’s reputation. It is also a financial burden, with lost settlement money, attorney fees, and productivity” (Guthman 2013). Dental malpractice may involve “improperly done tooth extraction,” “cases of severed nerves where the injury...
