Getting damaged or terrible teeth fixed can be expensive especially when the cost of any dental treatment depends on the condition of your oral health. For instance, the condition of the broken tooth, gums and bones- all these factors play a major role in deciding the overall cost of any dental treatment.
Studies show that people avoid dental treatment.
Reason: Dental treatment is an out of pocket expense, and this is one of the major reasons people avoid visiting a dentist. But avoiding dental treatment isn't really an option as dental problems can even lead to health complications.
Cost and dental treatment
According to a Federal Agency for Healthcare Research and Quality report, the cost of dental treatment has increased since 1996. The data that was calculated from 1996 to 2015, the cost of dental care per person increased by 23%! That means for people who have families, they have to pay for multiple dental procedures every year (which also includes important dental regular checkups.)
How can I get financed for dental procedures?
Considering the fact that dental procedures aren't cheap and it is an out of pocket (heavy) expense, you have various options to pay for dental procedures.
1. Dental Patient Financing: With dental patient financing, you get an option to pay the treatment fee in easy, convenient installments. Dental patient financing allows you to borrow money for the treatment from the lender and then make payments to pay off the borrowed amount, as per your convenience. It should be noted that some financing companies who lend you money for your treatment also charge paying fees and interest on the borrowed amount.
2. Credit Cards: Many practices also offer dental credit cards. These credit cards allow you to pay your dental bills, once the dental procedure is done. You get an option to pay your credit card bill through monthly payments. Usually, the rate of interest is not high and if you have limited funds or a tight budget, you get an option to pay a small amount of your total bill. However, the biggest limitation of having a dental credit card is that the monthly payoff amount is too less. Hence, it takes a huge amount of time to pay the dental credit card bill and you end up paying more on the base amount.
3. Dental Loans: Denied dental credit cards? You can apply for dental loans! Dental credit cards are usually denied when a person has a bad credit score. If this is the case, you need to opt for a bad credit dental loan. However, lenders may impose a large amount of interest rate on dental loans. It should be noted that if you fail to repay the amount on time, you may be charged a higher rate of interest.
4. Health Savings Account: One of the most potential financing options for your dental work is a Health Savings Account (HSA). HSA enables you to put pre-tax money every month and then enables you to use that money for medical expenses including dental procedures.
5. Community Dental Clinics: Dental services provided by these clinics are relatively at low cost. To know more about these community clinics, you need to contact your local hospitals. You may contact your local hospital as they may refer you to community dental clinics. These clinics are a great way to afford dental care.
Conclusion: One of the best ways to get dental treatment financed is by dental patient financing. It not only gives you the option to pay for the treatment but you also get an option to repay the amount in monthly installments, conveniently. With Denefits, you not only get these benefits of dental patient financing but also the rate of interest is quite low.
