Dental and orthodontic care can be expensive. At BOP Braces, we understand that and do everything within our abilities to keep treatment plans affordable for families. Using various methods, we are able to help parents get the care their children and teens need without impacting the family budget negatively.
BOP Braces accepts most dental insurance coverage. Each policy is different, so the amount of your coverage will depend on the provisions of your policy.
If you need assistance sorting through the fine print, our staff will help as much as possible. Please bring your insurance card and applicable filing forms with you to your initial appointment.
Some employers offer Health Savings Accounts (HSA). These are funds that collect money via payroll deduction for use to cover medical co-pays and other medical expenses not covered by your health insurance plan.
Not all HSAs allow the funds to be used for dental and orthodontic care. Because each plan is operated through your employer, you will need to seek assistance from your company payroll personnel or the HSA Coordinator.
Many HSAs that do permit the funds to be used for dental and orthodontic care will carry specific provisions using the words, “medically necessary.” If your HSA uses this wording, it means that funds can be used if the procedure is deemed necessary for the overall health of the patient.
Some orthodontic care, where tooth alignment affects the ability to chew properly is considered medically necessary if not corrected. In some instances, an HSA will permit the use of the funds, but place a limit on the amount. These are things you should discuss with the person that coordinates your HSA plan.
For qualifying individuals, BOP Braces offers in-house financing plans that start at $89 per month. The payment amount will depend on the length of your payment plan, the adjusted amount of your treatment plan after insurance and HSA funds are applied, and the amount of your initial down payment.
Some patients opt to pay for dental and orthodontic care using personal credit cards or personal loans through a third-party lender. Before seeking a loan via a third-party lender, check with your Credit Union. They often offer lower-interest health loans to members that may save you money.
Third-party lenders offer personal loans for dental and orthodontic care in some instances. Borrowers must qualify for this type of loan. While this can be a handy option, there are additional fees and interest that accompany these loans.
The Annual Percentage Rate (APR) on this type of loan can be quite high, ranging from 6 to 36 percent. In the state of Massachusetts, the usury law caps maximum interest rates at 6 percent, but there is a loophole for lenders. Small loans and contracted loans are permitted to assess higher interest rates. Please be aware of the laws about interest rates before entering into a loan agreement. (We’re dentists and orthodontists, not lawyers, so please use good judgment when making your decisions about third-party loans.)