FSA and Orthodontics

fsa and orthodontics

Everyone wants a beautiful smile, but only a lucky few are born with aligned teeth. Orthodontics is available for people of all ages and everyone can benefit from orthodontic treatment. Orthodontic treatment includes braces and Invisalign to help align teeth properly. If the cost of your orthodontic treatment isn’t fully covered by insurance, an HSA or FSA may help with the rest! Here is a guide to FSA and orthodontics. 

What Are HSA & FSA?

Health savings account (HSA) is a pre-tax account that can be used for any qualifying medical expense. Those with a high-deductible health plan may qualify for this type of account, or if an employer offers it. If you use this money for healthcare expenses, you won’t have to pay taxes when you withdraw the money. 

Flexible spending account (FSA) can only be offered by employers as part of a benefits package. An FSA account covers the same qualified medical expenses as HSAs and is taken out of paychecks pre-tax. This money, however, must be used by the end of each year unless employers specify that your balance can roll over. 

How Can FSA Help With Orthodontic Treatment?

Orthodontic treatment qualifies as a medical expense that can be covered by HSAs and FSAs, as long as treatment has been recommended by an orthodontist or dentist. These funds can be paid directly to your treatment total or cover deductibles, copays, or coinsurance. 

Because this money is untaxed, you can get more value from these accounts than you would be using money from your savings. Money in an FSA account towards the end of the year may expire, making it a perfect time to start orthodontic treatment. It is a beneficial time to schedule your free consultation for braces or Invisalign while you still have access to those dollars. 

FSA and Orthodontics

Now is the best time to use your FSA dollars to start your orthodontic treatment! Schedule your free consultation today!