How To Afford Dental Care

Dental health has an enormous impact on the health of the rest of your body. While taking care of your oral health is important, paying for needed dental work can still be a struggle.

But putting your oral health on the back burner will only create higher dental costs in the future if you neglect your teeth. Tooth decay or gum disease that is not stopped at an early stage will need more complicated procedures that end up costing more than routine preventative care. 

Understanding your dental financing options will help make sure your mouth gets the care it needs. The different options for dental financing each come with pros and cons that can help you decide which path is right for you.

• HSA

• FSA

• Dental Credit Card

• Dental Discount Plan 

• In house Financing

• Dental Insurance

Health Savings Account (HSA) 

Key Things to Know:

• Tax Benefits 

• Funds Don’t Expire

• Requires a High Deductible Plan

A Health Savings Account is a personal account that pulls a set amount from your paycheck each month to put aside for medical and dental costs.

The pros of setting up a HSA are that the money goes into the account before federal taxes are taken out and the money does not expire at the end of the year. You can use it to pay for dental insurance deductibles and other dental care expenses after insurance.

The cons of using a HSA are that you must also be enrolled in a high deductible health plan, which could be expensive if you are often needing extensive dental procedures.

Flexible Spending Account (FSA)

Key Things to Know:

• Covers Various Expenses

• More Flexible Than an HSA

• Use It or Lose It

A Flexible Spending Account is a personal account attached to an employer's health plan.

The pros of having a FSA are that the funds can be used for dental care as well as other expenses. A FSA has more flexibility than an HSA and can be used for expenses such as child care.

The cons of using a FSA are that the funds do not roll over to the next year, and if you leave your employer, you also leave whatever money was in your FSA.

Dental Credit Cards

Key Things to Know:

• Exclusive Use at Trusted Locations

• Opportunity for Interest-Free Payments

Another way to save you from out-of-pocket costs for dental care is to use a medical or dental credit card, like the Smile Generation Financial Credit Card. It works just like a normal credit card, you can use this card for dental expenses at any Smile Generation-trusted locations, which can make paying for dental care stress free.

The pros of using a health care credit card are that you will be able to pay for a dental treatment immediately.

The cons of dental credit cards are that they can accrue high interest if not paid off monthly or within the promotional period.

Dental Discount Plan

Key Things to Know:

• Significant Savings for Dental Services

• Maximize Your Benefits 

• Extensive Network

A dental discount plan, also known as a dental membership plan, provides you with a number of services at a discounted rate with no deductibles or annual maximums.

The pros are that you pay a yearly fee to gain access to discounts on most dental services. Unlike insurance, there are no deductibles, copays or annual maximums. If you have dental insurance, you can also leverage your benefits from your employer with added discounts to further cut down on what you have to pay at the dental office.

The con of a dental discount plan is that it is often provided by an individual dental office or network of dental practices. If you have a dental emergency and are out of town or have recently moved, you may not have a dentist near you that is apart of the membership plan.

However, it's worth noting that while most dental discount plans might have limitations on the number of participating offices, the Smile Generation Dental Plan stands out with a vast network of over 900 dental offices nationwide. This extensive coverage ensures that wherever you are, you're likely to find a nearby dentist to provide you with the care you need, even in unexpected situations or when you're away from home.

In-house Dental Financing

Key Things to Know:

• Manageable Payments

• Immediate Treatment

• Flexible Financing

An in-house payment plan is an arrangement you make with a dental practice to make monthly payments for dental services. If you need dental work that would be difficult to pay in one lump sum, a dental office will allow you to break up that total into more affordable monthly payments.

The pros of in-house payment plan are that you do not have to pay a large dental bill all at one time. You also do not have to put your dental care on hold while you save up to pay for dental costs.

The con of in-house payment plan is that your monthly payments include accrued interest on the total of your bill. 

Dental Insurance

Key Things to Know:

• Maximize Savings

• Understand Your Plan

• Make an Informed Choice

Paying for dental insurance is an avenue you can take to make dental care more affordable. To maximize your benefits, you can use your insurance alongside any discount plan or credit card. 

All dental insurance plans can be different and knowing the specific details outlined in your plan will help you get the most out of your dental insurance.

Don’t be afraid to ask questions about the coverage in a particular plan. You want to have all the details before you sign up for dental insurance. Ask the provider to clarify anything you do not understand so you can be confident that you are making the right decision. You want to know:

• How much is the annual coverage maximum?
• How much is your deductible?
• Who are the in-network dentists?
• What are your monthly payments?

Looking at two different plans, you can see which one gives you the most benefits for the least amount of money out of your pocket. Be sure to add up your monthly payments plus what it will cost you to go in for an appointment. You will want to know how much you can expect to spend in a year on dental care.

As you are searching for the right dental provider, make sure to ask every question you have so you know exactly what you are getting with each dental financing option. You want to know what repayment will look like, what kind of interest could be attached, what benefits come with it, and where you can double up options so you get the very best price for your dental care bills. 

To find dental clinics in your area with up front pricing and several different financing options, Smile Generation can provide you with a list of qualified dentists and providers who can make sure you get the oral health care you need.