Budgeting for braces

Budget for BracesAre you or your child getting braces?  If so, you may be focused less on the orthodontic benefits and more on the monetary costs.  We can help…

Keep in mind that the benefits of braces are not limited to this month, this year, or even a few years.  The benefits will last a lifetime because they are not just cosmetic.  Many people focus on the fact that straight teeth look nicer, but the more important fact is that straight teeth work better.  They are easier to floss and brush, which means that it is easier to keep them healthy for years to come.  In addition, straight teeth fit together better, which means it is easier to speak, chew, and function each day.  It may help to think of the cost of braces as being spread out over your lifetime: although you’re paying for them now, you’ll enjoy the benefits for the rest of your life.

There are a number of insurance carriers which do cover braces (or a portion of them) for a variety of conditions. Always check with your insurance provider to see what type of dental benefits you and your family are eligible for.

For the people which don’t have coverage through their dental insurance, there are a few payment options. You can choose Orthobanc, an option that involves electronic drafts of monthly payments from your checking or savings account or your charge card.  If this sounds good to you, one factor may make it sound even better: with this option, we are able to offer in-house financing interest free.

carecredit-cardCareCredit, which requires prior approval, offers healthcare and medical financing. Owl Orthodontics accepts CareCredit which includes a no interest payment plan for a specified term.  Please contact us or CareCredit for specific details.

Also, don’t forget about your flexible spending account (FSA) or health savings account (HSA); these can be a great ways to pay the costs associated with braces with your pretax money.  We are always happy to provide additional information about financial options and to help you figure out what portion of your braces might be covered by your insurance.

In some cases, you may be able to write braces off on your taxes.  The criteria are very specific, so be sure to talk this over with your accountant or another tax professional.  In addition, keep in mind that tax laws change, so even if you were able to write braces off with one child, there is no guarantee you will be able to do the same thing in the future.  That is another point to address with your accountant.

We understand that braces can strain family budgets, and we’re willing to work with you to explore your financing options to make the entire process easier for you.  We look forward to working with you!  Please feel free to contact us with any questions.