Dental Savings Plan vs Insurance Calculator
Compare the total annual cost of dental insurance vs a dental savings/discount plan based on your expected dental spending.
Medical Disclaimer
This calculator is for informational and educational purposes only. It is not a substitute for professional medical advice, diagnosis, or treatment. Always consult a qualified healthcare provider before making decisions about your health. Never disregard professional medical advice or delay seeking it because of results from this tool.
Insurance Total Annual Cost
$720.00
Discount Plan Total Annual Cost
$850.00
Recommendation (1=Insurance, 2=Discount)
1
Inputs
Comparison
Insurance Net Benefit
$280.00
Discount Plan Savings
$300.00
Insurance vs Discount Plan Cost Comparison ($)
How to Use This Calculator
- Enter your Insurance Premium ($/month) — your monthly dental insurance premium cost.
- Enter the Insurance Annual Deductible ($) and Insurance Annual Maximum ($) from your plan documents.
- Enter the Coinsurance Rate (%) — the share your insurance pays after the deductible (e.g., 80%).
- Enter the Discount Plan Annual Fee ($) and Discount Plan Rate (%) for any savings plan you are considering.
- Enter your Expected Annual Dental Spending ($) based on planned procedures.
- Review Insurance Total Annual Cost vs Discount Plan Total Annual Cost, and check the Recommendation (1 = Insurance, 2 = Discount) to see which plan saves you money.
How the result changes with Insurance Coinsurance Rate
| Insurance Coinsurance Rate | Insurance Total Annual Cost | Discount Plan Total Annual Cost | Recommendation (1=Insurance, 2=Discount) |
|---|---|---|---|
| 10% | $1,385.00 | $850.00 | 2 |
| 35% | $1,147.50 | $850.00 | 2 |
| 65% | $862.50 | $850.00 | 2 |
| 90% | $625.00 | $850.00 | 1 |
What each input means
- Insurance Monthly Premium
- Monthly premium for dental insurance.
- Insurance Annual Deductible
- Annual deductible before insurance coverage starts.
- Insurance Annual Maximum
- Maximum amount insurance will pay per year.
- Insurance Coinsurance Rate
- Percentage of costs covered by insurance after deductible.
- Discount Plan Annual Fee
- Annual membership fee for the dental savings/discount plan.
- Discount Plan Rate
- Percentage discount on dental services with the savings plan.
- Expected Annual Dental Spending
- Total expected dental expenses for the year (before insurance/discounts).
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersInsurance Monthly Premium = 40, Insurance Annual Deductible = 50, Insurance Annual Maximum = 1500, Insurance Coinsurance Rate = 80 = 7 input(s) provided
- Calculate Insurance Total Annual CostInsurance Total Annual Cost720 = $720
- Calculate Discount Plan Total Annual CostDiscount Plan Total Annual Cost850 = $850
- Calculate RecommendationRecommendation1 = 1
- Calculate Insurance Net BenefitInsurance Net Benefit280 = $280
- Calculate Discount Plan SavingsDiscount Plan Savings300 = $300
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