We all know, braces are an investment, a very important one at that! That’s why we want to give you some fool proof ways to save money when you or your child needs braces. Check it out below!
Pay for braces using PRE-TAX dollars!
One of the best ways to save on braces is to use a Flexible Spending Account or a Health Savings Account to pay for your or your child’s braces. Using these tools, you can pay for treatment with pre-tax dollars, meaning you can deduct the cost from your taxes. Depending on your tax bracket, this can save you THOUSANDS. For example, if you are in the 25% tax bracket and treatment costs $5,000, then using one of these tools can save you $1,250 on your tax bill! In essence, cutting the actual cost of treatment by 25%! Check with your employer to see if a Flex Spending Account is an option for you, or check with your Health Insurance Provider to see if a Health Savings Account is available.
- If you have the funds available, paying in full for treatment can save you hundreds of dollars! Orthodontists will often give you a significant courtesy if you pay for the whole treatment up front. Make sure you ask your orthodontist if there is a courtesy if you pay-in-full. You might be surprised at how much you can save!
Spread the cost of treatment out over time
- If you don’t have enough on hand to pay for treatment up front, ask about a monthly payment plan. This can decrease the cost of braces substantially on a monthly basis. While you won’t typically save on the cost of treatment overall, the smaller payments can make paying for treatment realistic for almost any budget. Most orthodontists will do 0% in-office financing as well.
Take advantage of family & group discounts
- Do you have multiple family members who need braces? Do you have friends or co-workers who have kids who need braces? Starting treatment for multiple people at the same time can be a great way to save a significant amount on each person’s treatment. Many orthodontists will offer a sizable discount if multiple people start treatment together. So don’t forget to ask! It could save you some big time cash!
Don’t forget about orthodontic insurance benefits
- Many dental insurance plans have orthodontic benefits. Does yours? Orthodontic benefits will typically range from $1,000 to $2,500 per patient per lifetime, but you need to know the details. Orthodontic benefits frequently end at age 19, so make sure you don’t wait too long. You don’t want to miss out on this huge benefit for your kids. Many plans have adult orthodontic coverage, but some don’t, so make sure to find out the specifics of your plan! If you’re not sure, call your orthodontist’s office. They can help you find out all you need to know.