Colorado Springs Dental Blog

Dr. Andrew Hall DMD

Pay Your Dentist with Your Health Savings Account



Did you know that you can use your Health Savings Account (or HSA) to pay for dental exams and work? It’s a great way to save money on trips to your dental office when you have High Deductible Health Insurance.

How does it save you money? You contribute money to your Health Savings Account like you would your IRA or 401K. Which means that the money you put into your account is not taxed, but unlike your IRA or 401K, there’s no penalty for using it before you turn 65.

Say you’re in the 28% Federal tax bracket and you pay an additional 7% in state taxes, you would have to earn an almost $170 in order to pay a $125 bill. Using your HSA, you pay the bill with pre-tax money – so you only have to earn $125 to pay a $125 bill. That’s like getting a 35% discount on your dental work!

You can use your HSA to pay for teeth cleanings, digital x-rays, fillings, crowns, root canals, dental implants and even bridges. And you can use the money you save for cosmetic work, such as teeth whitening.

Your company may have recently switched to a High Deductible Health Plan (or HDHP), which is great for small businesses and self-employed professionals. It offers a lower premium because there are no copays – instead you pay for every visit until your deductible is met. At that point, most plans pay 100% of the bill. What most people don’t know is that they can use their HSA, which is part of their HDHP, to pay for dental work. You will need to check with your provider to see if your dental expenses qualify towards your deductible.

Even if your dental expenses don’t go toward your deductible, you can still use your HSA to pay your dentist and enjoy the savings!

If you or your employer has switched to a High Deductible Health Plan, take advantage of the Health Saving Account, and save 35% on all of your dental bills.

If you want to learn more about Health Savings Accounts, click here. To learn more about dental benefit plans, click here.

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