9. Do you need dental and vision coverage? A dental or vision insurance plan can sometimes be like throwing your money away. Several of the discount plans offer exceptional savings at rates that are much lower than the traditional insurance plans. If you need major dental work right away, the dental insurance policies may not be your best choice, as they will have waiting periods for up to 1 year before major dental work will be covered. If this is the case for you, the dental discount plans are your best choice, as they have no waiting periods or limits. Your yearly dental benefit may also be capped at a certain amount. This means that if you need more dental work than is covered, you will be paying the amount that exceeds this ‘cap’ directly out of your pocket, at 100%.

10. Who will the benefits cover? Adding people to an insurance policy can cause the rates to go up. The more people on the insurance plan, the higher the risk of financial loss to the insurance company, therefore the rate must be higher.

Keeping money in your pocket is much easier than making it if you are armed with the proper knowledge about what you are shopping for.