Financing Dental Work: What You Should Know

Are you in need of dental work and wondering how you’re going to pay for it? Dental procedures can be pricey and even if you have dental insurance, it doesn’t typically cover the full cost. But don’t worry, there are many ways to finance dental work in order to make it affordable.

Call Oakdale Dental Associates PC at (413) 536-1782 to inquire about our financing options. We strive to make dental work affordable so that you don’t have to compromise your dental health because of your budget.

One of the most commonly used lenders for medical-related financing, CareCreditⓇ allows you to make payments without interest for a promotional period of time. As long as you pay off the balance by the end of the promotion, you will not be charged any interest. You will even be issued a credit card to use for medical costs of any kind. There is an application and approval process required.

You probably receive a steady stream of credit card offers in the mail offering 0% rates for certain promotional periods of time. These can be a useful way to finance dental work. The key is to budget properly so that you can pay it off by the end of the promotion and avoid paying the higher interest rate that applies to the remaining balance. To calculate how much you will need to pay each month in order to pay it off by the time the promotion ends, simply divide the total balance by the number of months you have in your promotion. If you know you won’t be able to make those payments, don’t get the card.

Oakdale Dental Associates recommends saving in advance for dental expenses. We offer a Dental Savings Plan for patients that don’t have dental insurance. This is not a loan and there is no application or approval process required. There’s no deductible and no annual maximum. This is not an insurance plan, it is simply a membership plan that entitles you to a discounted fee.

A personal loan is usually established with a set amount that is borrowed, such as the cost of the dental procedure you require. You then pay it back in monthly installments until the balance is paid in full. This is different from an open line of credit that becomes available again after you pay off the balance. A personal loan is a one-time fixed sum.

Many financial institutions offer dental loans and some lenders specialize in just that one type of loan. Start with your trusted bank or credit union to see what they can offer you. Beware of online only lenders that may offer extremely low rates. When you read the fine print you may find that your rate is subject to change and that there are extra fees added on.

Have you been putting off dental procedures you need because you don’t think you can afford to pay for them? This is an unfortunate situation that many people find themselves in as dental costs rise and dental insurance is not always easily accessible.

Don’t let your budget stand in the way of your dental health. Call Oakdale Dental Associates today at (413) 536-1782 to discuss financing options for the dental procedures you need. So you can smile with confidence because of your dental health as well as your financial health.