Waste Not Want Not
If dental insurance, flex spending and HSAs have your head spinning, you are not alone. The healthcare payment world can be a little confusing and frustrating, especially when you found out you’ve lost money that could have been yours if you’d have used it earlier.
This is the case with certain dental benefit plans and spending accounts. Savings through certain plans are only available for a certain amount of time, often through the end of the year, meaning that if you wait until January to get your dental work done, you might be spending more money than needed.
Unused dental benefits:
Many dental insurance plans offer a certain amount of coverage until the end of the year. Don’t wait to use these benefits! Even if all you do is get a cleaning, take advantage of the healthcare available to you.
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Flexible Spending Account:
Many people have Flexible Spending Accounts, which represent a great way to save money on medical and dental expenses. These funds are set aside pre-taxes, meaning savings of up to 30 percent for individuals who use them. There is generally a designated time frame to use these funds, usually ending at the close of the year. You either use it, or you lose it.
Health Savings Accounts (HSAs):
Many employers offer these accounts to employees. They are great for saving money for medical expenses, and many use them as a form of investment. While they don’t generally expire, many people aren’t aware they have funds available for needed dental procedures. Some put off important dental work because they don’t think they have the funds necessary, when in fact they might. If you have a HSA, learn how you can use those funds. Putting off dental procedures can result in the need for more serious procedures later on.
Apex Dental Deal
Apex is offering an additional 10% discount on all co-pays over $1000 for 2015.