Financing Options for Braces: Insurance, FSAs & HSAs

1. Dental insurance

Dental insurance may cover a portion of the cost of braces. Check with your insurance company to find out what is covered and what your out-of-pocket costs will be.

2. Flexible spending account (FSA)

A flexible spending account (FSA) is a special savings account that allows you to set aside money before taxes to cover qualified healthcare costs. You can use an FSA to pay for braces and other orthodontic treatment.

3. Health savings account (HSA)

A health savings account (HSA) is another type of tax-advantaged savings account that can be used to pay for qualified healthcare costs. HSAs are only available to people who have a high-deductible health plan (HDHP).

4. Payment plan

Many orthodontists offer payment plans that allow you to spread out the cost of braces over time. The terms of payment plans vary, so be sure to ask about the interest rate and any fees that may be involved.

5. Personal loan

If you are unable to pay for braces with insurance, an HSA, or a FSA, you may be able to get a personal loan from a bank or credit union. Personal loans typically have higher interest rates than payment plans offered by orthodontists, so compare the interest rates carefully before you decide to borrow.

6. Government assistance

There are a number of government programs that may be able to help you pay for braces. These programs include Medicaid, CHIP, and the Veterans Health Administration.