How to Afford Dental Implants–Financing Options for Patients
While dental implants have become a popular option to get straighter and brighter teeth, their high costs remain a barrier. The upfront costs of dental implants can be intimidating, even though they have high durability, lasting for a decade or more. This is the very reason why people do not get the procedure done even though they are in dire need of it.
It is important to understand whether you have financing options available. Dental implants are generally considered a cosmetic treatment. Therefore, they are not covered under dental insurance, unlike other procedures. Even if some plans do cover dental implants in Knoxville, they only do it partially. Patients need to explore other ways of financing the treatment.
For example, many dental practices offer flexible payment plans or work with third-party financing companies to help make the procedure more manageable. There are also accounts you can open to set aside money specifically for your dental treatments. To know more, visit your local dentist today and discuss whether implants can fit into your budget.
Financing options for dental patients
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In-house payment plans.
Some dental offices offer in-house payment plans and let patients pay through monthly installments. The biggest benefit to this is that a lot of dental clinics offer these plans without any interest rates or with low interest rates. You can sit with your dentist or the person responsible for handling the finances and discuss options that are comfortable for you.
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Healthcare credit cards.
Healthcare credit cards, such as CareCredit, work like regular credit cards but are specially made for healthcare expenses, including dental treatments. You can use these credit cards with no interest if you can pay the full amount within 6 to 24 months. For larger expenses, the extended time can go up to 60 months, although interests may apply.
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Personal loans.
Personal loans do not require collateral and can help cover dental treatment costs. Interest rates depend on the borrower’s credit score and the lender’s terms. However, they mostly range between 6% to 36%. It is recommended that only people who are good with handling monthly payments opt for this.
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Dental loans.
Dental loans, as the name suggests, are specifically designed for dental expenses. These also have lower interest rates than credit cards, which makes them a better option. However, it should be noted that the interest rates may still be high for those with poor credit. So, make sure you stick with a strict payment schedule to avoid fees.
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Medical crowdfunding.
Crowdfunding has helped thousands of needy people gather money for medical treatments for themselves or their family members. Platforms like GoFundMe allow patients to create campaigns to cover dental costs. To create the campaign, patients have to describe their dental needs, treatment plans, and financial challenges, often with attached evidence.
To spread the word about your campaign, you can share the link or post about it on social media.
Making the right financing choices
Selecting the right financing option for your dental treatments involves not only choosing the cheapest interest rates but also ensuring quality care. While cheaper interest rates may seem tempting, they should not compromise your dental care. This is because poor-quality dental work may lead to additional treatments and expenses down the road.
Another thing to consider is choosing a reputable provider. It can be difficult to find a dental clinic that offers high-quality care along with affordable financing. If you are going to borrow money from outside a dental clinic, there are other concerns to think about. For example, carefully read the terms and research the lender’s reputation before finalizing anything.
Find the best financing option today!
Not being able to get the treatment you deserve due to money problems can be very upsetting. Thankfully, there are various options available now as compared to traditional times. Visit your local dentist today!