Finance & Payment for Invisalign

Invisalign offers those seeking a beautiful smile without the ugly look of metal braces an option that is comfortable and virtually invisible, however it isn't exactly cheap so here we will explore several options for when it comes to Invisalign financing.

While choosing an alignment option for teeth that is flexible and easy to use is attractive, many people need a bit of help paying for orthodontic care. Here are some ways that will help cover the procedure so you can focus on your smile.

Discussion Points:

  • Insurance Coverage
  • Tax Free
  • Invisalign Payment Plans (and Examples)
  • Invisalign Coupons, Specials & Promotions
  • Orthondosit Financing
  • Financing With Bad Credit
  • 5 Tips to Keep Costs Down to a Minimum

Invisalign Insurance Coverage

An average treatment with Invisalign costs somewhere between $3,500 and $8,000, with a typical cost right around the $5,000 mark. The first place to look to cover this expense is your dental insurance plan. Most dental insurance plans will cover Invisalign at the same coverage level that they would cover traditional metal braces.

Plans vary quite a bit on orthodontic coverage, so check yours to be sure, but a typical plan would cover up to half of the treatment with a maximum limit, like $1,000, but plans vary. Also, whether you have insurance or are without it will have a significant bearing on the price of Invisalign too.

Tax Free Braces

There are two options that may make it possible to pay for Invisalign with pre-tax dollars. One is a flexible savings account, or FSA. If you have this option at your place of employment, planning ahead is the key. Since FSA money must be used in the year it is contributed you can set aside extra funds in the year that you plan to pay for the expense, then use the FSA to pay for it tax-free. Depending on your tax bracket, this can save many hundreds of dollars off the total cost.

Another tax-advantaged option would be to use a health savings account, or HSA. With an HSA you can use the money any time, so if you have a balance in the account it can be used now to cover the cost. If you don’t have an HSA, you can open one as long as you have a qualifying high deductible health care plan. Check the HSA rules for more information on this option.

Invisalign Coupons & Promotions

Because they are popular and served by a number of orthodontists, you may be able to find a special price on Invisalign. A promotion from a local dentist can really make a difference in the final cost. You can also look at some of the same place you find other discount deals, like Livingsocial or Groupon - either of which may have a deal that cuts the price down.

Orthodontist Financing

Nearly all dentists or orthodontists will help patients fund orthodontic care like Invisalign by financing the cost themselves. This can be an attractive option to spread the payments out over a reasonable period of time if you don’t have the cash, without taking on a credit card balance. Financing is typically at a reasonable or even very favorable rate, and you can get your teeth straightening started now for as little as $200 per month or so, depending on how much work is required for your situation. The video just below has a nice explanation as to how it all works from both the dentist's financing perspective as well as yours.

A typical payment plan may look like the following. The actual cost of the Invisalign treatment (in this case we will take the average which is $5000) and in this case we will say your dental insurance covers $500 of it (which is the average found by the recent Invisalign patient survey). You can then select an FSA (flexible spending amount) of a maximum of $2500 (from the 1st of Jan 2013).

What is FSA? 

It basically acts to take a proportion of your paycheck every month to pay the medical bill and won't be subject to taxable income. You can actually get the full payment covered by the FSA of $5,000 if you are married, however for this example we will assume the patient is single as well as not placing any down payment. 

The term plan is very flexible e.g. a period of 24 months and typically comes at a 0% interest rate at most practices. So in total you are financing $2000. So this translates into a payment of $83 per month on that basis, $111 on a 18 month basis and $167 over a year (which is actually the average length of time for the treatment to finish).

Invisalign Financing With Bad Credit

Even if you have bad credit, you shouldn't be discouraged from the treatment as there are a range of options available for you to consider:

  1. Invisalign Payment Plans. As said above, you can negotiate a payment plan with the dental clinic (note: if you are willing to make a down payment right there and then, you will find they are usually more inclined to accept the plan and you negotiate a more flexible payment schedule), where you specifically ask for 'in house' financing that ignores your current credit status. They will negotiate with you easy payment installments, usually at a 0% interest rate and the low down initial payment to signify a positive intent.
  2. Get a Payday Loan. You don't need a credit check to get hold of one, all you need is to show that you earn a significant income (that relates to the amount of money you are wanting to borrow) through a verified checking account. They usually come on a 14 payback day basis (sometimes longer, but a fee will be charged).
  3. Bad Credit, High Interest Loan. Although you do have bad credit, there are companies out there that are willing to take you on, but account for the risk by charging a higher interest rate. This might not look like a good option to consider, but they are willing to negotiate with you, especially if you can pay more than the minimum payout every month. It is also probably worth looking into getting a co-signer with very good credit to help secure a loan at a lower and more affordable interest rate.

Keeping Costs Down

Invisalign FinancingCredit: morguefile.comRegardless of the combination of methods you use, one way to keep the cost of Invisalign down is to follow all instructions given to you by the orthodontist. One mistake that some people make is to leave the aligners out too long, since they are removable. Make sure you leave them in as directed, except to eat and brush your teeth, and switch to the next aligner only when directed. Your dentist will know just when to make the changes, and the fewer aligners that you need, the lower the final cost will be.

The good news is that the total cost of a typical Invisalign process compares very favorably to typical metal braces, so you should consider both. By maximizing the benefits of insurance coverage, promotions, tax-advantaged savings accounts, and dental provider payment plans, straightening your teeth is much more affordable and within reach.

It might even be worth the travel to go from one state to another for instance there was a particular case where a patient that had a slight overbite and required several teeth to be 'turned' this would have been priced at just over $5,500 in Ohio but just under $4,700 in Ohio -- which is just over an $800 difference [1]. So make sure you check out the Invisalign product and your financing options to see how reasonable the cost can be for you.

Affordable Invisalign Payment Plan Example