Dental Insurance in the United States crossed USD 80 billion in 2021 and growing at a significant rate. 30% of Unites states adults do not have dental insurance, out of these nearly 6 million reported that lost their dental insurance due to COVID-19 benefit changes or job losses, and employer-sponsored coverage declined by 0.2% points each week during the COVID-19 pandemic.
Pandemic slowed down the dental care use, In March and April 2020, all states had a drop in dental care utilization when compared to the same months in 2019, however dental care use among privately insured patients fully rebounded by August 2020, and its use remained lower than the prepandemic level by 7.54% among the publicly insured population.
Implementation of technologies helps customers with value-added services and offers dental insurance providers numerous opportunities. It can help insurers to boost the smooth claim process and avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis & diagnostic errors.
Biden announced a Build back better plan which provides dental coverage for those on Medicare, nearly half of whom did not visit a dentist in 2018, well before the pandemic paused dental appointments for many people. The rates were even higher for Black (68%), Hispanic (61%), and low-income (73%) seniors. Many states have added dental benefits to their Medicaid coverage for low-income residents in recent years. Idaho started coverage in 2018 and Delaware began in late 2020.
Dental cost in the United States is very expensive and prices surging every year, 60% of americans said they have not visited a dentist within the last 12 months due to high cost, average uninsured price of X-rays is USD 187 and filling for just one surface is USD 250, while root canal for a front tooth can cost around USD 1100. So having a dental insurance can cover USD 1000 to 1500 for a patient.
According to study conducted by National association of dental plans, 68% of people that dont have dental insurance visited dental care whereas 88% of people having dental insurance used their dental benefits. So dental insurance is a worthy investment and number of people taking insurance may rise in the future.
The report covers major players operating in the United States dental insurance Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players including Aetna, AFLAC, Allianz, Delta dental plans association, and United healthcare services.
This product will be delivered within 2 business days.
Pandemic slowed down the dental care use, In March and April 2020, all states had a drop in dental care utilization when compared to the same months in 2019, however dental care use among privately insured patients fully rebounded by August 2020, and its use remained lower than the prepandemic level by 7.54% among the publicly insured population.
Implementation of technologies helps customers with value-added services and offers dental insurance providers numerous opportunities. It can help insurers to boost the smooth claim process and avoid manual claim settlement processes, prevent insurance fraud, and derive over-diagnosis & diagnostic errors.
Key Market Trends
Government Initiatives Boosting Dental Insurance Market in the United States
Biden announced a Build back better plan which provides dental coverage for those on Medicare, nearly half of whom did not visit a dentist in 2018, well before the pandemic paused dental appointments for many people. The rates were even higher for Black (68%), Hispanic (61%), and low-income (73%) seniors. Many states have added dental benefits to their Medicaid coverage for low-income residents in recent years. Idaho started coverage in 2018 and Delaware began in late 2020.
Rising Dental Surgeries Cost in United States Driving the Market
Dental cost in the United States is very expensive and prices surging every year, 60% of americans said they have not visited a dentist within the last 12 months due to high cost, average uninsured price of X-rays is USD 187 and filling for just one surface is USD 250, while root canal for a front tooth can cost around USD 1100. So having a dental insurance can cover USD 1000 to 1500 for a patient.
According to study conducted by National association of dental plans, 68% of people that dont have dental insurance visited dental care whereas 88% of people having dental insurance used their dental benefits. So dental insurance is a worthy investment and number of people taking insurance may rise in the future.
Competitive Landscape
The report covers major players operating in the United States dental insurance Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players including Aetna, AFLAC, Allianz, Delta dental plans association, and United healthcare services.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS AND INSIGHTS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aetna
- AFLAC inc
- Ameritas
- Cigna
- Delta dental plans association
- United healthcare service
- Metlife services & solutions
- Allianz
- AXA
- United concordia
- Humana
- Renaissance Dental*
Methodology
LOADING...
