Paying For Braces
Hearing your dentist say your child needs braces can make you panic momentarily.
Braces can be an unexpected—and costly—expense, ranging from $4,000 to $6,000 depending
on the severity of the issue and its location. Fortunately, there are options available
to make this adventure easier on your wallet.
Start with your dental insurance
Review your dental insurance policy to confirm what orthodontia coverage you have
available. Most dental insurance plans that cover orthodontia typically pay 50 percent
with a lifetime maximum ranging from $1,000 to $2,000.
Find in-network providers
Orthodontists that are within a network agree to discounted fees resulting in less
out-of-pocket for the insured.
Set up a health savings account or flexible spending account
These accounts can help stretch buying power because you are using pre-tax dollars
to pay for qualified medical expenses. You can set one up and start putting money
aside, which can then be used to pay for braches.
Work with your provider
Once you have chosen an orthodontist and received your treatment plan, the details
of cost begin. While most orthodontic practices offer discounts for paying in full,
they will also allow you to pay on a monthly basis, interest free. However, you
will need to be prepared to make a substantial down payment to cover the start up
Additional options available such as third-party financing and discount plans are
also available. You can often find offers that promote no-interest plans if you
pay the balance within a certain time frame. Discount plans can be purchased for a monthly premium and
produce additional discounts on all dental procedures, including orthodontia.
Although braces can cost a considerable amount of money, the long-term benefit can
more than outweigh the short-term cost.
For more information on braces basics, visit the American Association of Orthodontists and the American Dental Association.