Does Your HSA Pay for Orthodontic Care?  

At Olson Orthodontics, Dr. Lauren Hood-Olson believes that everyone should have access to quality and affordable orthodontic care. We know that braces for your child or yourself, are an investment in your oral health, your appearance, and your self-esteem. But, navigating the different financing options can be tricky. Our team is here to help you understand your bill and your payment and financing options. That includes figuring out your insurance and Health Savings Accounts. Today, let’s focus on HSAs, as we hear lots of questions about them!

HSA stands for Health Savings Account. They are savings accounts that are very similar to personal savings accounts like you would have at your bank. But instead, the money in your HSA is to pay for only health care expenses. The money in your HSA comes from a payroll deduction (sometimes employers contribute and sometimes they do not). One of the biggest benefits to the HSA is that the money you deposit into the account is not taxed. Typically, to be eligible for an HSA, you must have a high deductible insurance plan.

Absolutely! At Olson Orthodontics, we are very flexible in accepting and working with your Health Savings Account. One thing that we can do is divide the payments for our patients over a 2-year payment plan to make sure that you are able to utilize your HSA to its full capacity. Another option is t0 run your HSA payment monthly on a date that you choose, or we can also provide any detailed letter you may need if you pay out of pocket and are reimbursed for payments.

Paying for your orthodontic care should not be a stressful situation, but we know it can get confusing. Let us help you understand the ins and outs of your payment plan and how best to finance it. Contact us today with any questions!