This is from a recent PenFed mailing. Footnotes seem to emphasize that it
is NOT dental insurance. What's the difference between this and real insurance? You get presumably lower rates for certain procedures than w/o
the plan so I'm not seeing a fundamental difference in the end result.
Must be lacking comprehension. Welcome Pentagon Federal Credit Union Members
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
It looks like a discount club only, for only those people who pay a fee (were those rates at the site a monthly fee?) to belong to the "club".
I am not a PenFed member, so I'm just guessing. My local credit union offers discounts for members at eyeglass vendors and fitness clubs.
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
By paying this fee, you are able to see a select group of dentists who are willing to treat you at a discounted fee schedule. I would be very careful before doing this. If possible, see the list of dentists in your area who have signed up to participate. You may be surprised that you have to go 50 or more miles to the closest provider. He/she may be a new dentist who is not busy and is trying to build a patient base or just someone who isn't busy. Again, I would be very careful about doing this.
I wonder if this is a financial deal with the participating dentists for them to charge the patient the same discounted price (or a little more) that they charge insured patients--the difference is the insurance co. would then also pay some of it if the patient is insured vs. the uninsured paying all of it (but at a cheaper price). Could be cost-saving.
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.