DUBLIN–(BUSINESS WIRE)–The “United States Dental Insurance Market – Growth, Trends, COVID-19 Impact and Forecast (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.
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.
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.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS AND INSIGHTS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNTIES AND FUTURE TRENDS
8 DISCLAIMER AND ABOUT US
- AFLAC inc
- Delta dental plans association
- United healthcare service
- Metlife services & solutions
- United concordia
- Renaissance Dental*
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