Unlike other tooth replacement options, dental implants look and feel entirely natural. However, they can cost more than traditional dentures or dental bridges.
Thankfully, there are several dental implant financing options available. Many dental clinics offer payment plans of their own or partner with various third-party companies to help patients afford the treatment they need.
No Credit Check
Some dental clinics offer options for financing dental implants, allowing patients to pay for their procedures with manageable monthly payments. Some lenders will not run a credit check, while others require a minimum credit score. Credit scores below 680 may be subject to higher interest rates than those of borrowers with higher credit scores.
It is a good idea to save for a dental procedure, as this will avoid paying unnecessary interest. If the procedure is elective and delayed, a patient can shop for dental offices offering discounted rates or payment plans.
A medical credit card is another way for people to finance their dental work, but it is essential to remember that a high balance will result in costly fees and high interest rates. Suppose someone needs help to secure the necessary funding from other sources. In that case, it is recommended that they focus on improving their credit score before considering a personal loan or other forms of financing. Additionally, a patient who requires dental implants and has a Flexible Spending Account (FSA) through their employer can use their pre-tax funds to cover the cost of treatment. However, a letter from the dentist is generally required to confirm that the FSA provider recognizes the expense as a qualified medical expense. Patients should compare various offers cautiously when seeking a lender for dental procedures. The ideal financing options are those that provide low interest rates and do not necessitate a down payment. Some lenders will offer a zero percent introductory period, making it even more attractive to choose their product over competitors. A few simple steps, like checking their credit report and disputing any errors or past due information, can help a person increase their chances of being approved for a low-rate personal loan.
No Upfront Payment
Getting dental implants is a crucial and long-term decision affecting your oral health and finances. Therefore, it’s essential to conduct thorough research before making any decisions. Having a plan to avoid unexpected costs or delays is also helpful. Dental implants are artificial tooth roots that provide a strong foundation for permanent or removable replacement teeth. They are designed to resemble and function like natural teeth, offering benefits that other treatments cannot match. By fusing with the bone, they become a permanent solution for individuals who have lost one or more teeth due to injury, periodontal disease, or other reasons.
The implant consists of a post made of titanium, which replaces the missing tooth’s root. A connector, called an abutment, fits on top of the post to support the crown. The crown is fabricated to match your surrounding teeth and to improve your smile. Alternatively, your doctor may recommend mini dental implants, which have smaller posts and are placed using less invasive techniques.
Flexible Payment Options
Providing flexible payment options allows patients to get the treatment they need without waiting or relying on others. This is an excellent way for practices to boost patient retention and increase revenue.
There are several ways that dental implant patients can finance their procedure. Many insurance companies will cover some of the cost of the surgery, but this can still leave a significant gap in the overall cost. Many practices offer in-house payment plans that allow patients to make monthly payments toward their dental implant treatment. This allows patients to budget expenses and avoid taking out a high-interest loan.
Another option is to use a home equity loan or line of credit. This type of loan is based on the market value of your home, less the amount you owe on your mortgage. The interest rates on this type of loan are typically lower than credit card or personal loans, making it a good choice for many patients.
No Waiting Period
Most dental offices offer in-house payment plans that spread out the cost of the procedure over a certain period. They may partner with companies that provide dental implant loans based on credit and other factors. These are similar to personal loans and usually require a credit check but offer an almost instant approval.
Another option is to use a credit card specifically designed for medical expenses. These have low or no interest and can be paid off over time. Many of these are available at the dentist’s office but can be accessed online.
Finally, many patients can get financing for their implant treatment from private solutions. These are typically much cheaper than the typical consumer credit options and can be financed for up to 10 years. They may also be able to provide partial grants to lower the overall cost of the procedure. You can also explore getting a home equity loan to pay for your dental care needs. This is an excellent option for those who already own their home and have a good credit score. The amount you can borrow will be determined by the current value of your property and how much is left on your mortgage.