Category Archives: Dental News

A Way for Businesses to Reduce Dental Insurance Costs

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As the economy continues to sputter, businesses are looking for ways to cut back without reducing benefits to employees. One way is to review you health plan. This article talks about a new option available to businesses. Excerpt:

“We’ve heard loud and clear employers want to continue offering a sound benefit package, but need to do so with a careful eye on cost. By offering a new plan design, we’re able to lower the tab without losing the benefit,” said Theresa McConeghey, assistant vice president of dental benefits for the Principal Financial Group. “Encouraging our members to utilize dentists in the Principal network enables us to pass on savings to employers, which is why we’re lowering costs across the board on our plans that emphasize network providers.”

If you need a dentist in Knoxville TN, call us today. We work with many different insurance providers.

About 50% of Dentists Say No Increase in Fees This Year

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Most service firms (such as dentists, orthodontists, accountants, attorneys, contractors, engineers, etc.) raise their fees each year between 3-5%. The reason is to cover the cost of inflation, which grows at about that same rate every year. This means in order to be as profitable as he was last year, a dentist must raise his rates slightly. But this doesn’t happen every year. This year is a perfect example.

While inflation is still going to happen, a lot of dentists are foregoing the raise because of the financial strain of the recession. It’s partly out of goodwill and partly out of good business sense. If people are struggling to pay bills, they may skip going to the dentist altogether. So it makes sense to make it as easy on them as possible.

Our dental practice has always focused on a fair price for all procedures. There’s no greater evidence of this than the great patients we have who loyally return on a regular basis. We thank you for your support. If you need to see a Knoxville dentist, call us today to set up an appointment.

To read more about the study, click here:

http://www.thewealthydentist.com/blog/1104/dental-fees-raises/