Similar to health insurance plans, with a dental plan…
Premium
You pay a monthly amount—this is your premium.
Deductible
You pay for a certain amount out-of-pocket for services covered by your plan before your insurance starts paying—this is your deductible.
Coinsurance
After you meet your deductible, you are responsible for a percentage of covered expenses—this is your coinsurance. Most Golden Rule Insurance Company dental plans feature either a 20% or 30% coinsurance.
Copay
Under some dental plans, you might pay a fixed cost for certain services, like X-rays—this is called a copay.