A healthy, beautiful smile is a long-term investment, yet many people assume they can’t afford it. Fortunately, Adirondack Orthodontics makes it as easy as possible for patients to pay for the treatments they need. From guiding you through the process of insurance and medical spending accounts to offering discounts and various payment methods, the team at Adirondack Orthodontics is here to help you save on your most important investment: your health.
Flexible spending accounts (FSAs) and health savings accounts (HSAs) are related, but each offers distinct ways to save money on health care. While both allow patients to use pre-tax dollars for certain health expenses, there are some important differences between the two.
FSAs enable you to set aside pre-tax dollars to use towards specific health care, including orthodontic treatment. Not only can FSAs be used for your own deductibles and office visits, but they can also be used for your dependents as well. Employers set up the FSA and have control over them; they get to decide the rollover rules, and contributions can only be changed during open enrollment.
An HSA is a bit more restrictive in some ways and less restrictive in others. While an HSA enables you to use pre-tax income towards medical costs just like an FSA does, an HSA can be utilized only if you have a high-deductible health plan. As the owner of an HSA, you have control over changing contributions and can bring your account with you if your employment changes. You also have the ability to contribute more to your account, meaning you will have a greater amount set aside to help with orthodontia and other medical bills.
By using an FSA or HSA for necessary medical expenses, you can save money in the long run. Generally, using one of these accounts won’t give you a straightforward discount on the treatment you need. What it does is help you to save money on your taxes. At a minimum, you’ll save the money that would have been taxed on the income you set aside; at maximum, you might be able to put yourself in a lower tax bracket altogether.
Keep in mind that the next deadline for making your FSA contribution is December 31, 2019, while the deadline for HSA contributions is April 15, 2020. If you have any questions about how to utilize your plan, call the knowledgeable staff members at Adirondack Orthodontics.
If you have insurance, selecting an in-network (participating) provider will allow you to make the most of it. When you choose a participating provider, you ensure that your provider will accept the fees set by the insurance company. Plus, many participating providers can offer extra assistance, maximizing your benefits. They understand the insurance company’s rules and procedures – they’re in the network – and will often handle paperwork and claims for you.
At Adirondack Orthodontics, we participate with almost every insurer in the area, but we recommend you check with yours to be sure. That way, you won’t be blindsided by a bill that you thought would be covered by your insurance.
Adirondack Orthodontics is always searching for ways to help our patients save on their orthodontic treatments, both immediately and over long periods of time. Some of the ways we help you save include:
Adirondack Orthodontics can inform you about all the different options available to you. No matter your budget or how you want to structure your payments, we can guide you through the decision-making process and make sure you’re fully informed before you get started. Call us today to schedule an appointment and let us help you start your journey or your child’s journey to a strong, stunning smile.