Many people avoid going to the dentist because they dread having a tooth pulled or a cavity filled. However, another major reason people loathe going to the dentist is the cost. As you may know from experience, getting dental work done isn’t cheap. That’s why some people consider a medical loan for dental work.
Even though the costs associated with dental work can be high, it is essential that you don’t skip your appointments with the dentist. Most medical plans don’t cover dental work because dental insurance is frequently sold separately from medical insurance. Even if a patient does have dental insurance, it’s not always guaranteed that the policy will fully cover the cost of a pricey dental procedure.
If you don’t have the money to cover the cost of dental work, you’re probably better off getting a medical loan rather than putting off your visits to the dentist. Here is some information about getting a medical loan for dental work.
Can You Get a Personal Loan for Dental Work?
One question that many patients have is whether it is possible to get a medical loan for dental work. A personal loan is a type of loan that individuals can use for just about anything. Due to the inherent flexibility of a personal loan, many individuals apply for personal loans to pay for out-of-pocket dental expenses.
In general, a medical loan for dental work has a lower interest rate than a credit card. The average interest rate for a credit card hovers around 16 percent. On the other hand, personal loans can have interest rates as low as five percent. Accordingly, most people find it more advantageous to use a medical loan for dental work to cover the costs than to use a credit card for medical expenses.
After all, a lower interest rate translates to a lower monthly payment. Many people also find that the terms associated with a personal loan are more favorable than the terms associated with their dentist’s payment plan.
Not only are personal loans versatile in terms of what you can use them for, but they are also flexible when it comes to how much you can borrow. A personal loan for medical bills can amount to as little as $500 to as much as $100,000. However, depending on the state in which you reside, you may face some restrictions in terms of how much you can loan. Overall, a personal loan is an excellent option to cover dental needs, both basic and complex. It’s important that you go to the right lender when taking out a personal loan.
Can I Get a Medical Loan for Dental Implants?
A dental implant refers to a surgical component that interacts with the bone of the skull or jaw to support a crown, denture, bridge, facial prosthesis, or another type of dental prosthesis. Dental implants can also function as an orthodontic anchor. In general, patients get dental implants after losing a tooth due to injury or periodontal disease.
Unfortunately, many patients struggle to afford dental implants. The average dental implant procedure costs $3,000 to $10,000. A dental implant can cost even more if additional procedures are needed. Some examples of procedures that may be performed in addition to a dental implant include bone grafts, sinus lifts, extractions, and tissue grafts.
Dental coverage may limit or exclude benefits for dental implants. Of course, some patients don’t have dental coverage at all. If you’re in this position, you’ll be happy to know that it is possible to get a medical loan for dental implants. Financing your dental implants can allow you to start your treatment plan immediately so that you can restore your beautiful and healthy smile.