By far the easiest way to save money is to prevent dental problems before they arise. After all, you don’t have to pay for a problem you don’t have. However, many people have the habit of visiting their dentists only when a problem arises in their mouth. Often when pain brings you to the dentist you are faced with one of 2 options; a costly root canal or a tooth removal. Regular dental visits are crucial for maintaining a good and effective dentition for all age groups as it allows your dentist to diagnose and treat a cavity before you experience any symptoms and before you are in need of a root canal or tooth removal.
Follow these simple steps to keep your teeth and gums healthy (prevention saving money):
Various daily deal websites like Treatme or Grabone offer dental deals for heavily discounted dental services. These deals can be great however we also recommend you take the time to consider:
Many dentists are now offering interest free deals through finance companies such as GE Money’s GEM Visa, Fisher & Paykel’s Q card and SBS Bank’s Finance Now. Most interest free options are only available for expenses in excess of a few hundred dollars. You are charged an admin fee and can be required to make small monthly repayments until the interest free term expires. However, once that interest free term expires you will need to repay the remaining balance to avoid very high interest charges. This is a great option if you are strapped for cash at the time of treatment, but if you are not able to complete payment before the interest free term expires, then it can become very expensive! Things to consider:
Traditionally most people only had medical insurance which had the benefit of covering ‘Impacted wisdom teeth’ removal by a specialist. Now a few insurance companies are offering basic dental treatment cover such as NIB and Southern Cross.
For dental insurance to be beneficial you need to consider:
For example, the NIB Mid-Everyday cover pays up to $950 a year for dental treatment. The cover is for 60 per cent on claims, so $40 in every $100 of treatment is paid by you the policyholder. So if your treatment was $950 you would save $570. The yearly subscription for this insurance is approximately $497, so you would benefit by $73. You do have the added benefits of 60% on claims to the physio, GP and optometrist with this policy. Although, it would leave you at a disadvantage if you didn’t always require $950 of dental work each year. An examination, X-rays and 2 dental cleans a year would only amount to approximately $400-$500 a year. This is where you can look at NIB’s basic everyday cover which will cost you $260 a year for saving you 60% of $500 of dental treatment. NIB’s basic policy also offers physio, optometrist and GP benefits.
Dental holidays abroad, or travelling to another country where dental costs are considerably less, can save you money despite the cost of flights. However, buyer beware, it can be very risky.
Take into consideration: