Figuring out your budget for dental work can be tricky. Just like with general healthcare coverage, employers and the federal system have open enrollment periods for elective dental insurance. Outside of those periods, it can be difficult to get covered.
But if your general health insurance plan includes an FSA option, you don’t have to restrict your applicable purchases to medical costs. Many dental appliances and treatments can qualify for reimbursement.
How does an FSA work?
With most general health insurance plans, you might have the option to set money aside in an HSA or an FSA. An HSA acts like an investment account year after year. But FSAs are for health expenses within each individual calendar year. Each year, you decide how much money you’re going to set aside for purchases over the twelve months, and you don’t have to pay income tax on that amount.
The downside is that you have to use it up each year or lose the remaining balance.
The upside is dentistry procedures that you may have thought were outside your budget can be reimbursed by this pool of saved money.
What dental procedures qualify?
Every FSA is slightly different. For example, some plans allow you to use funds for orthodontics. But almost all plans let you reimburse yourself for:
- teeth cleanings and regular check-ups,
- fillings and crowns,
- onlays and inlays,
- and dental treatments and procedures that are required for your health.
TMJ treatments and mouthguards are also on the list of qualified expenses under most FSA plans. If you’ve been worried about the costs of treatment or you’ve been putting off a check-up, don’t worry. Check with your HR team or your insurance provider each step of the way so you can stay in your budget and get high-quality dental care.
Contact us here to schedule an appointment for a check-up or treatment.