Twice monthly 27.50 is deducted from Peters paycheck for dental insurance how much per year for dental insurance?

Answer 1

You did not say whether the amount deducted is for Peter alone or for family coverage. And the type of policy is important too. On a range of cost Dental HMO is the lowest cost as you have to use a dentist in the network, Dental PPO is mid-range and Dental Indemnity is the highest cost. If $55 is for individual coverage, it is more than the national averages. Check what the limits are; if the annual maximum is more than $1500, it could be the coverage is more expensive than the norm because the limit is higher. If so, Peter might want to check whether a policy with a lower maximum is avaiable. Here is a section of a paper published by the National Association of Dental Plans about the cost of dental benefits. Depending on the type of dental benefit-DHMO, DPPO or Dental Indemnity, usually an employee's premium is about the cost of having dinner out once a month-ranging from $16.10 to $32.90 monthly or $193 to $395 on an annual basis in 2007. Even at the high end of that range-dental benefits cost annually what medical premiums cost an individual on a monthly basis. Estimated annual dental premiums for 2007 are outlined below as national averages for typical group coverage with an annual maximum under $1500: Employee Only(including orthodontia): DHMO -- $16.10 a month--$193 annually DPPO -- $29.42 a month--$353 annually Indemnity --$32.90 a month--$395 annually Employee only(without orthodontia): DHMO -- $15.60 a month--$187 annually DPPO -- $28.93 a month--$347 annually Indemnity --$32.04 a month--$385 annually Employee & Family (including orthodontia)http://wiki.answers.com/Q/Special:Wysiwyg?tid=wysiwyg#_ftn1: DHMO -- $49.92 a month--$599 annually DPPO -- $94.90 a month--$1139 annually Indemnity --$104.13 a month--$1250 annually
---- http://wiki.answers.com/Q/Special:Wysiwyg?tid=wysiwyg#_ftnref1 Family coverage extends to the insured, spouse and dependents-no matter the number. There are usually separate, lower rates for an insured with a single dependent. So family coverage is usually 3 or more individuals.