Originally Posted by outtarentals
Hey Pete.....out of that $46 /month you'd have to pay for dental work anyway. Unless you go 30 years with no visits to a dentist. (Not to hijack this thread, but where can you get 8% after tax guaranteed for 30 years? ):confused:
In an earlier post on this thread, I was considering stopping my Delta dental insurance since I pay $46 /month for their $1200 cap.
Looking at the math again - I've decided it is worth it to me to keep it because my 2 free cleanings and free X-rays would cost me close to $300 a year out of pocket without the insurance and it's very likely that I will have at least one other procedure each year that will more than pay for my premiums as long as they don't raise them too much.
Certainly everything is hinged on what your oral situation looks like. The best health insurance is a gym pass the best dental insurance is flossing and what not.
Very few things are guaranteed
. A good diversified portfolio should yield 8% over time without too much risk (see the book Work less Live more
for details), and 30 years is a good long time.
I have been able to save a bundle of money self insuring for these small risks. This year no dental problems and I only get x rays every two years (46 x 12 = 552 in premiums - 150 in cleanings = 402 in savings) Disclaimer. I get free medical and dental benefits in my retirement package from work.
I do however spend the extra 50 dollars a month to get 2 million in umbrella liability coverage for my home, rentals, motorcycles, and cars(thinking about uping it to 5 mil). Big risks I do want to insure against.