Flexible Spending Account (FSA)
Orthodontic Dental Insurance
There are many ways to finance orthodontic treatment. The five most common financing options for orthodontic braces or Invisalign are: 1) payment in full, 2) in-house financing, 3) dental insurance with orthodontics coverage, 4) flexible spending accounts (FSAs), and 5) third party financing. Some methods may be advantageous to the patient by making use of their employee benefits, obtaining financing at low to no interest, and reducing their overall tax exposure. For patients that have no orthodontic coverage as part of their dental insurance, the cost for orthodontics will be entirely out of pocket. Again, orthodontists are trying to make treatment available to everyone and will often work with you by offering no interest financing plans. For those who have orthodontic coverage the out of pocket amount will be reduced, but not alleviated. Therefore the following methods apply to nearly all orthodontic patients.
Payment in full
In many cases the orthodontic office will offer a discount for payment in full due to less administration and saved postage. Some offices may offer a discount as a percentage of your fee, while other offices may choose to offer a specific dollar amount.
In-house financing is generally zero interest, requires a down payment, and the remainder of the fee is spread out over the estimated treatment time for your convenience. The great news is that there is no extra charge for finishing your treatment sooner!
Dr. Yue is a Board Certified Orthodontist practicing in Chicago, Illinois. Read more about Dr. Yue.