There’s no question that medical costs are challenging these days, especially if you need more than the typical once-per-year doctor visit. For many people, these costs can be offset to some degree through health insurance, but unfortunately, health insurance usually doesn’t cover dental care as an included benefit.
If you don’t have separate dental insurance and require extensive dental work, you could easily be looking at hundreds or thousands of dollars per year, all out-of-pocket. To ease the financial burden of dental care, things like cost-sharing programs are available, but you may also be able to use health savings account (HSA) funds to pay for dental care expenses.
Do Dentists Accept HSAs?
In many cases, you can use HSA money to pay for dental care, but this can vary from dentist to dentist. It would be a good idea to let your preferred dental office know ahead of time about your intention to use HSA funds to pay for services. This can help you to avoid any surprise fees or late-minute charges applied to your care.
Additionally, you may even be able to get a discount by using HSA funds to pay for dental care. Some dental practices treat HSA funds like cash, and they may offer discounts if you pay your balance in full using cash. This also varies by dental office, so to see if you qualify for a discount by using HSA funds, contact your dentist for details.
Talk With Your HSA Account Provider
Even though it may be possible to pay for dental care using an HSA, it’s still a good idea to work with any HSA account providers you contribute to. Your provider will be able to let you know about any restrictions on spending that may apply to your account or to your state. Additionally, HSA account providers can give you information about account balances, contributions and limitations on your account. Keep in mind that contributions to an HSA are generally limited to an annual maximum, and employer contributions are also regulated.
Author Resource:-
Daniel Stewart has been helping people with their money management and personal finance with over 15 years’ experience in business finance. You can find his thoughts at health investment blog.
