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Answers - Dental Plans vs Dental Insurance - Finally... A Detailed Explanation
Choosing a Dental Plan these days can be just like pulling teeth. Pardon the humor, but for anyone who has tried to figure out the difference between dental plans, dental insurance, dental discount plans
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
, dental health plans, ect., it can be an extremely frustrating and confusing experience.
First off, there are only two different things that we need to look at. Those are dental insurance and dental pl
First off, there are only two different things that we need to look at. Those are dental insurance and dental pl
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ans. Somehow there's become a lot of different terminology for these two, but they're the only ones that you need to worry about.
When most people think of dental care they think of insurance, which, tw
When most people think of dental care they think of insurance, which, tw
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
nty years ago was pretty much the only thing available to consumers. Many people could get coverage through their work either automatically, as an employee group benefit, or for a small fee. Things have
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
changed a lot in the past two decades. Recent studies show that seven out of ten people in the United States have no type of dental coverage at all.
Dental insurance, unless provided by your employer, i
Dental insurance, unless provided by your employer, i
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
n't as "cost effective" these days. Some of the drawbacks are annual deductibles, annual spending limits, non-coverage for pre-existing conditions or a very long (usually 6-12 month) waiting period, and
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
limitations and exclusions on certain types of care. You must also pay a monthly or annual premium which can be in the $25-$50.00 per month range for an individual person and even as much as $100.00 mont
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ly for entire family coverage. At these rates it's no wonder that there are such a high number of people who aren't covered. They simply cannot afford it.
Dental discount plans were introduced several y
Dental discount plans were introduced several y
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ears ago as an insurance "alternative".
Let's define a discount plan - it's really very simple. A dental discount plan allows you to visit a dentist at a reduced rate. You join the plan, which is usuall
Let's define a discount plan - it's really very simple. A dental discount plan allows you to visit a dentist at a reduced rate. You join the plan, which is usuall
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
very inexpensive and you may then visit any dentist in that plans "network". This network is a group of dentist's that have agreed to accept a reduced payment for services performed. They do this under
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
the condition that the work be paid for at the time of the visit.
You see, it costs dentist's money and time to fill out forms for insurance payments or to finance someone's dental work. Besides the pap
You see, it costs dentist's money and time to fill out forms for insurance payments or to finance someone's dental work. Besides the pap
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
erwork, it usually takes anywhere from 45-90 days for them to be paid by the insurance company after they've completed the work. In some cases, claims can even be rejected after they've already performed
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
the work. The insurance company can claim that the person treated was no longer covered for whatever reason or that the procedure performed was excluded from being covered, in which case, the dentist is
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
left "holding the bag".
With dental discount plans you'll pay a discounted fee for services rendered at the time of your visit. For example, let's say that you need your teeth cleaned. The normal price
With dental discount plans you'll pay a discounted fee for services rendered at the time of your visit. For example, let's say that you need your teeth cleaned. The normal price
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
or this may be $80.00, but you'll get a discount card stating that you get a 50% (example) discount, so, in this case, you'd only pay $40.00.
Let's do another example - let's say that you need a root ca
Let's do another example - let's say that you need a root ca
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
nal done and the price for a root canal is $800.00. Well, you've got a discount card that saves you 50% so you you'd only have to pay $400.00 out of pocket at the time of your visit to the dentist. Are y
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
u beginning to understand how this works?
This can be very cost effective for a family.
Is this beginning to make sense now? It's really very simple isn't it?
The 50% savings used was only an example.
This can be very cost effective for a family.
Is this beginning to make sense now? It's really very simple isn't it?
The 50% savings used was only an example.
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
Many plans offer even higher discounts on certain procedures. Some even include discounts on procedures such as cosmetic dentistry, professional teeth whitening, orthodontics and more.
Also, pre-existi
Also, pre-existi
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
g conditions are covered, there are no exclusions, no deductibles and no waiting periods to be treated. You can also see any dentist in the network. If for some reason you're not happy with the first den
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tist that you see, you can simply start seeing a different one.
That pretty much sums it up. I hope that this was helpful so that you may make an informed decision when you decide to buy dental coverage
That pretty much sums it up. I hope that this was helpful so that you may make an informed decision when you decide to buy dental coverage
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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