An affordable payment plan helped Leigh get the dental implants she needed to bring back her health.Read Leigh’s story
Cost of Dental Implants
How Much Does a Dental Implant Cost?
Dental implants are today’s best option for replacing lost or failing teeth and have the potential to last a lifetime. Of course, like anything that involves state-of-the-art technology and the services of skilled professionals, implant treatment is not cheap but rather a long-term investment. Establishing a reasonable payment plan is very common for dental implant procedures.
Most dental implant patients have varying needs. Since no two patients are exactly alike, the cost of dental implant therapy may vary accordingly.
Establishing a Payment Plan for Your Implant Treatment
Patients often finance most or all of the cost of dental implant therapy over a period of time. Because many life-enhancing procedures like TeethXpress are considered “elective,” most patients understand that dental insurance may satisfy only a portion of the procedure. So, if you need and want dental implant treatment, consider some common methods used to cover the costs associated with this treatment option.
Some common methods — most not requiring high credit scores — that patients use to cover costs for the TeethXpress procedure include:
- Healthcare installment plan
- Home equity line of credit
- Retirement plan loan – 401(k) or 403(b)
- Flexible spending account (FSA)
- Credit union or personal bank loan
- Credit card
- Dental insurance
Healthcare Installment Plan
If you require a payment plan to cover the cost of your dental implant procedure over an extended period of time, you are not alone. Every day, TeethXpress patients use healthcare-extended payment companies that specialize in helping patients establish payment plans. A good healthcare installment program will allow you to immediately receive the TeethXpress dental implant procedure. This approach allows you to make small monthly payments over an extended period of time. If you have a decent credit rating — 600 credit score or higher — opting for a healthcare installment program may be a great option for you. The total cost of your treatment can be reduced to an affordable, low monthly payment of $200 to $500. Talk to a Certified TeethXpress Provider about which healthcare payment solution(s) may work best for you.
Home Equity Line of Credit Payment Plan
We often take out home equity lines of credit (HELOC) to establish a payment plan and make meaningful purchases affordable. Remodeling a kitchen, covering a child’s college tuition or quality of life-improving healthcare expenses are just a few examples of purchases made with these loans. Many patients who choose the TeethXpress implant procedure use a HELOC loan as a form of a payment plan. Since very low interest rates and tax write-offs may be available, many homeowners prefer to pay for their TeethXpress procedures this way.
If you need to enhance your oral health and quality of life by improving your ability to eat several different food types or your occupation requires you to smile publicly with confidence, a HELOC or home equity loan may be a smart choice for you. As of April 2020, mortgage lenders are offering very low HELOC and home equity loan interest rates. With 15-year fixed average rates between 5.30% to 5.80%, a low, affordable monthly payment plan between $200 to $500 is very much within reach. And most home equity loans will not penalize you for paying off your loan early, if you choose!
Borrowing from a Retirement Plan
Borrowing from a retirement savings fund such as a 401(k) or a 403(b) account is often considered to be a viable way to pay for dental implant procedures like TeethXpress. This option includes multiple advantages such as low monthly payments that may be extended, in many instances, over a five-year period. A huge benefit of borrowing from a self-funded retirement account includes the very low interest rates that comes with it. This is regardless of your credit score rating. Such low interest rates are usually between 3% and 5%. Furthermore, all interest paid by you is deposited back into your retirement account as opposed to a lending institution.
Perhaps a major reason this payment plan option is so attractive to working-class TeethXpress patients has to do with the fact that approval is based on the available funds saved through the retirement account, not your credit score or income. And repayment is usually made through a payroll deduction, making it easy for you establish a $200 to $500 payment. Furthermore, when such funds are used for medical reasons, depending on your age, you may not be required to repay your withdrawal. Speak with your human resources department to find out what options are available through your specific retirement plan.
Flexible Spending Account Payment Plan for 2020
As of January 1, 2020, the federal government¹ will allow you as an employee to deposit up to $2,750 of your before-tax income into a Flexible Spending Account (FSA). This is an increase by $50 above the 2019 limit of $2,700. These FSA funds may be used to cover uninsured healthcare expenses, tax-free. When only one or two implants are required, FSA funds will cover a larger portion of the total procedure.
There is another major benefit of using FSA funds to cover a portion of your dental implant procedure. This “self-funded” advancement allows you to extend your repayment over the course of a full calendar year, through payroll deductions. This means, FSA funds can be claimed all at once, but the total amount is repaid over a calendar year. And essentially, this payment plan is tax-free and interest-free. Several patients utilize funds from their personal FSA accounts to make the cost of the TeethXpress implant procedure affordable. Speak with your human resources department to find out more specifics about FSA plans offered through your employer. Contact a Certified TeethXpress Provider to schedule a dental implant consultation.
Credit Union or Personal Bank Loan
Based in part on an individual’s credit score and the financial relationship established, securing a personal loan through a credit union or bank can also be used to finance dental implant procedures like TeethXpress. This type of loan is classified as unsecured. Unfortunately, this type of unsecured personal loan has become increasingly more challenging to obtain in recent years. Another type of unsecured loan is a Healthcare Installment Plan. Some Healthcare Installment Plans are more easily obtainable for dental treatment than credit union or bank loans. But if you have an established relationship with your credit union or bank, this will help. Speak with your local credit union or banking institution for low interest rate financing options. Doing so may satisfy your need to finance the TeethXpress procedure and achieve an affordable monthly payment plan of $300 to $500.
Credit cards bring their own sets of advantages including frequent flyer miles, cash-back rebates and low-/no- interest rate promotions. A credit card is a common method used by several patients to cover some or all of the TeethXpress dental implant procedure for these and other reasons. Consumer advocacy websites like nerdwallet.com and creditcards.com can be useful in helping you determine which credit cards offer the greatest advantages. Some new credit card promotions will allow financing your procedure over 12 to 18 months, interest-free. But whether you prefer to use a credit card to pay for your TeethXpress procedure in its entirety or for just a portion of it, always consider using the credit card that best meets your overall needs.
Dental insurance or dental benefits are effective when used for preventive and basic procedures like dental cleanings and fillings. In fact, cleanings and x-rays are frequently covered at 100%. When it comes to the TeethXpress procedure, as long as your Indemnity or PPO dental insurance plan offers coverage for procedures such as teeth extractions, dentures and even dental implant surgery, your insurance may be used to offset a portion of the dental implant procedure as well.
Since dental insurance plans commonly carry an annual maximum between $1,500 to $2,000, patients who choose to have the TeethXpress procedure will generally view dental insurance as a way to supplement the total cost of this procedure. Even still, using dental insurance funds is a valuable way to help reduce the total cost of your procedure. For this reason, consider it favorable when dental benefits can be used to supplement. A local Certified TeethXpress Provider will do their best to help you maximize your dental benefits for the TeethXpress procedure.
Doing Nothing Also Has Costs
As you look into the cost of dental implant treatment with TeethXpress and consider your financing options, ask yourself: “What is the financial cost of NOT taking prompt action to restore my smile?” Having complete confidence, the ability to smile and eat a wide variety of food choices may be within reach.
As it turns out, the longer a person waits to receive dental implants, the more jawbone loss he or she will experience over time. Increased levels of jawbone loss generally lead to loose-fitting removable partials and dentures. When there are no stable teeth to chew with, it becomes difficult to make healthy food choices. Struggling to chew various fruits, vegetables, nuts, whole grains and lean meat should not be ignored. This condition is proven to negatively impact proper nutritional intake. And a bad diet will usually lead to higher healthcare costs.
Excessive jawbone loss may also lead to higher healthcare costs since implant dentistry becomes more difficult to perform. Finally, studies show that bad or missing teeth can even cause problems in the workplace when it comes to achieving a pay raise or new job offer. Earning lower wages because of bad teeth may be the most expensive cost of them all.
Fortunately, you can avoid this by acting promptly to safeguard your health and your smile. Where’s the best place to start? Schedule a consultation with a Certified TeethXpress Provider today!