Paying For Your Dental Insurance
Dental insurance plans in Canada typically pay for a percentage of the costs associated with services that are covered under the plan. The amount of coverage and what they cover varies from plan to plan. In general, there are three types of fees that are associated with dental insurance plans: monthly premium fees, the deductible, and copayments.
Premium: No matter which dental insurance coverage you choose, you will have to pay a monthly premium fee just to maintain your dental insurance coverage.
Deductible: The amount that you must pay before your insurance provider begins paying for the services that they will be covering. Whatever the deductible amount, your insurance will only apply once you’ve covered the deductible amount by paying for your treatment costs first.
Copayment: The portion of the cost of each dental treatment that you have to cover is called the copayment. It is often a predetermined amount that should be stated in your dental insurance plan.