Health Savings Accounts (HSA) are savings plans that help make the cost of health care more manageable. For individuals with high-deductible medical insurance, an HSA is a good way to save and use for a range of eligible medical costs.
How does an HSA work?
You should check the details of your medical insurance but, generally, HSAs work in similar ways and offer unique benefits.
- Contributions to an HSA can be made on a pre-tax basis and tax deductible (up to the limit)
- Withdrawals from an HSA are not taxed and can be used to pay qualified medical expenses
- Unlike a Flexible Spending Account (FSA), money left unused in an HSA rolls over each year and continues to grow
HSA and Dental Expenses
Health Savings Account savings can be used to pay for eligible office visits and treatments, including dental care! If you have high-deductible medical insurance, you should consider putting money into an HSA to get the most out of your oral health care in three, key ways:
Dental Cleanings & Checkups
Planning for the year’s most important dental services? Use your HSA for preventative dental care such as teeth cleaning, checkups, cavity fillings, and X-rays! Your HSA funds can help you stay on top of the important, regular dental appointments that will keep your oral health at its peak.
Corrections & Treatments
An HSA fund can also help cover the cost of dental treatments you may need or some corrective procedures you’ve been planning to have completed. Use your HSA monies to help cover the cost of bridges, crowns, inlays and outlays. Other eligible expenses that an HSA should help cover include extractions, root canals, and any deep gum cleanings to treat periodontitis.
Teeth Straightening
If you’ve been putting off getting braces to straighten your teeth or better align your bite, the time is right with an HSA! Not only do HSA funds help cover the cost of traditional braces, but you can also use HSA accounts to pay for Invisalign®! Invisalign offers a highly effective way to correct crooked teeth while being virtually invisible.
Health Savings Accounts are a good option for virtually all dental needs. One area that HSA will not cover is cosmetic dental treatments.
If you’re interested in using your HSA account or need to schedule a dental appointment, Invisalign consultation, or dental treatment, contact us! We can work with you to identify the best approach to get your oral health in its best condition.
