The cost of having Invisalign aligners as opposed to the average cost of braces can be much higher, ranging between $3,000 and $9,000. A standard Invisalign orthodontic treatment costs approximately $5,000 on average. Teeth straightening can be cheaper by visiting a dentist rather than an orthodontist. However, these amounts are still more than most people can afford to pay in one lump sum payment. Fortunately, payment plans offered by dental clinics or finance companies enable patients to pay for the cost of Invisalign on a monthly basis. This can make teeth realignment with Invisalign much more affordable for those who would otherwise have to wait years whilst saving up for the treatment.
There are several factors which affect how much patients will pay for Invisalign costs when selecting a monthly plan. The first aspect which must be considered is how much the treatment will cost. This depends on the extent of the malocclusion (how crooked the teeth are, spacing problems and whether there is an overbite/underbite), the duration of the treatment and also the dental clinic’s fees and charges. Once a total quote is obtained, you can calculate the monthly costs by looking at the numerous affecting factors.
Patients with health insurance can receive a payment from insurance towards Invisalign treatment under most insurance plans. Some policies do not cover any cost towards Invisalign and may only cover the traditional orthodontic braces. Before you apply for an insurance plan for the purposes of getting Invisalign, make sure to speak to your insurance representative or broker to confirm how much you will actually receive towards Invisalign costs. There will be a waiting period before you can claim for dental work under most plans and also an annual cap.
As for determining monthly Invisalign costs with insurance, for a treatment which costs $6,000 an insurance company will typically cover approximately $500 of those costs. Based on these figures, your Invisalign alignment would cost $229 on a 24 month payment plan to pay off the total amount of $5,500. On the other hand, if your quote is $5,000 with insurance paying $1,000 towards your overall treatment, a 24 month plan will cost you $167 per month. If you pay the costs over 12 months, it will cost $333 per month, and an 18 month plan will require monthly payments of $222. Keep in mind that you will also be paying your insurance premiums which can range between $15 and $25 per month.
When visiting a dental clinic with the intent of paying for your Invisalign treatment in monthly instalments, make sure you ask whether a down payment is required. Many orthodontists and dentists do not require a downpayment for in-office finance plans. If you have outside financing involved or if the dental clinic charges interest, then paying a downpayment will save you money in the long term.
A downpayment reduces the monthly payments that you will be required to pay depending on the length of your repayment agreement. For example, if your Invisalign costs $7,000 and you provide an upfront amount of $1,500 then a 24 month payment period will require monthly payments of $229, $306 for 18 months and $458 for 12 months. Conversely, if you did not provide any down payment for the $7,000 treatment, then your payments would increase to $292 for 24 months, $389 for 18 months and $583 for 12 months.
Many dental clinics will accept delayed payments for Invisalign without charging interest. However they may require a down payment. Interest rates will increase the amount that you must repay per month, raising the total cost of treatment. If you have a loan which involves interest, it is better to pay your Invisalign costs over a shorter monthly period as this will reduce the amount of interest you will have to pay.
If your Invisalign braces cost $5,000, with an interest rate of 5%, a 24 month plan will cost $219 per month (totalling $5,256), an 18 month will cost $289 each month ($5,148 total) and a 12 month payment plan is $428 monthly ($5,136 all up). As you can see, if you select a longer term plan with interest, you will end up paying more for your total Invisalign treatment costs. However, where the interest rate is low, then the amount of the increase is not that significant so you may consider a longer contract if you cannot afford high monthly repayments.
Payment plans may be offered for specific terms regardless of the length of your treatment. For example, if it takes 15 months to straighten your teeth with Invisalign, you may still negotiate a monthly payment plan for a longer or shorter term, such as 24 months or a year. Selecting to pay your Invisalign costs over a longer timeframe will reduce the monthly repayments, but the total cost of treatment should be the same if there’s no interest charged.
Whether you wish to pay your treatment costs over a shorter or longer period of time is essentially a question of how much you can afford to pay per month now and in the future and also whether there is interest involved. If you select a 2 year payment period, you need to be prepared to set aside those funds over that long period of time. Whereas if you chose to pay your Invisalign costs over a period of 12 months, then this can force you to essentially increase your savings by reducing expenses in order to pay for your Invisalign costs quicker. This is a patient’s personal choice and will ultimately depend on how you choose to manage your finances.
Ameriplan is a discount program where patients can sign up for significant savings in dental and other health services. Member dentists and orthodontists provide huge discounts to Ameriplan applicants which can save patients around 60 to 70%. However, not all dental providers provide discounts for Invisalign, even though orthodontic braces are one of the reduced items in the program.
In order to find out whether a certain provider gives discounts through Ameriplan, you should first contact the dental clinic. Since Invisalign is already heavily discounted by many dentists due to high competition, many may not offer such a huge discount for the treatment. If a significant discount is offered then it may be worthwhile to become a member of Ameriplan which requires monthly membership payments of approximately $15 to $20. When weighing up the cost of Invisalign per month with or without Ameriplan, you need to consider that you will be paying these monthly membership fees in addition to your Invisalign treatment costs so you need to calculate whether the discount outweighs the membership fees.
If you participate in a flexible spending account with your employer, you can set aside a portion of your pay to go towards your Invisalign treatment without paying income tax on those amounts. Once you reach your desired amount for your Invisalign teeth straightening, you can authorise your employer to deduct the appropriate amount towards your treatment costs.
Depending on the amount that you have saved in your FSA, this will affect the monthly payments if you choose to pay the costs over time. For example, if your treatment totals $6,500 and you have saved $2,000 towards your orthodontic treatment through your FSA, then on a 24 month plan, your monthly repayments will be $188, $250 on an 18 month repayment plan or $375 on a 12 month contract. With an FSA, your total cost of treatment is essentially reduced since you were not required to pay payroll tax on the contributions. Using an FSA is therefore a financially sensible method of paying for your treatment even with a monthly plan.
If you cannot afford to pay for your Invisalign costs upfront, it would be wise to consider monthly repayments for your treatment costs. This is especially worthwhile if your dentist or orthodontist offers no downpayment and no interest loans. Even if an upfront payment is required with low interest rates, paying for Invisalign by the month is worthwhile because you receive the treatment straight away (preventing further dental problems and expenses) whilst delaying the requirement to pay.
With a low interest rate, paying by the month can even save you money. For example, if your treatment is $6,000 and you have the ability to repay this amount over a period of two years, then even though you have may have the funds available up front, you have the opportunity to delay payment, invest the $6,000 and earn interest into a savings account as opposed to paying for your treatment up front and not being able to earn any interest over that period of time. Even if you have insurance or a down payment, getting a monthly contract from your local dentist can be more cost effective than paying for the total treatment up front. When searching for a monthly loan, try to find one with no or very low interest charges and a longer term. Where there is minimal interest involved, try to get the longest period possible. However, with high interest rates, you will want to pay the plan off as soon as possible.
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