Dental Insurance Plan Quotes – New Mexico
Get Free Quotes on Dental Insurance in NM
Trying to find affordable dental insurance in New Mexico requires some research, and DentalInsurance.com makes it easy by providing free rate quotes and information so you can easily compare dental insurance and discount dental plan providers side by side. To find out which dental insurance plans are available in New Mexico, enter your zip code above to start your free online rate quote. Before you begin though, it’s important to understand what the differences are between the various types of dental plans in NM.
Types of Dental Plans Available in New Mexico
The available dental insurance plans in New Mexico fall under four main categories. These different types of plans vary in the way insurance providers create savings for their customers, and also in the way they reimburse them. No plan type is right for everyone, and choosing the right plan will depend on more than the price tag. The types of plans available in New Mexico are:
Discount plans allow patients to seek unlimited dental care at a discount rate without having to fill out reimbursement forms. Discount cardholders pay an enrollment fee and a small annual or monthly fee for this discount card, and there are no caps or deductibles. Plans vary widely in terms of the discounts they provide for various procedures, and patients are typically required to pay the entire amount of the service that isn’t covered by the discount, so be sure to check each provider’s discount fee schedule. Discount plan providers in New Mexico include Patriot Health Inc., Careington International, and Aetna Dental.
PPOs (Preferred Provider Organizations)
PPOs work with a network of dentists who agree to offer their services at a reduced rate in order to receive a wider access to patients. Subscribers who receive care from dentists within the network are assured a maximum amount for service based on the types of procedures they seek, and premiums are generally lower than most indemnity plans. Check with each provider to see what types of restrictions there are for certain procedures and whether or not they require waiting periods for certain services. PPO providers in New Mexico include HumanaOne and Nationwide.
Indemnity plans are very similar to fee schedule plans. They operate on a fee-for-service model, and also list the amount they are willing to cover for each procedure in a UCR-based fee schedule. The main difference is that indemnity plans cover services from nearly all dentists, while fee-schedule plans may operate in a network similar to a PPO. They also list the amount they are willing to cover per procedure as a percentage, while fee schedule plans may list a dollar amount. Indemnity plan providers in New Mexico include Encore Dental, Security Life Insurance Company Of America, and American National.
Fee Schedule Plan
Fee Schedule plans are a fee-for-service model, which means providers reimburse patients based on the procedures they receive. The amount the provider is willing to cover for each procedure is listed in the company’s “fee schedule,” which is based on UCR fees. UCR stands for “Usual, Customary, and Reasonable,” and is basically a measurement for the average cost of services from dentists in the area used to determine a fair amount for coverage. These plans have relatively low premiums compared to most indemnity plans and PPOs, but they also have calendar year maximums, and may require waiting periods for certain procedures. Security Life Insurance Company Of America is a fee schedule plan.