ORAL HEALTH & DENTISTRY
Taking the Pain Out of Paying for Dentistry
Reviewed By : Charles Rodgers, DDS
Published: May 19, 2023
Should I Finance My Dental Payment?
You might think ‘I have dental insurance, so I probably don't need dental financing’. Unfortunately, the reality is that your insurance coverage may not be as comprehensive as you assume.
Depending on the type of policy you have and how long you’ve had it, you will likely have a lot of your dental expenses come out of pocket.[i] You are not alone if you have an unexpected dental expense that exceeds your budget. The Federal Reserve research from November 2020 shows that only 64% of adults would be able to cover a $400 expense using cash, savings, or a credit card they paid off at the next statement.[ii]
What is Smile Generation Financing?
Research shows oral health is connected to overall health, making your dental treatments essential to healthcare. If your budget cannot support paying for your dental care treatment plan, financing your payment could be an excellent option for your oral and overall health.
Smile Generation Financing is an easy and intuitive marketplace, that offers personalized payment recommendations based on your preferences, treatment needs, and credit profile. All options available are presented with a soft credit check, meaning there’s no impact to your credit score to find out what is available to you. The healthcare coordinator at any Smile Generation-trusted dental office can help you find the payment option best suited to your needs.
There are a variety of financing options that cater to your individual needs. These include deferred-interest and long-term low-interest options through our Smile Generation Financial Credit Card and True 0% payment plans through Scratchpay. We also offer flexible in-office payment arrangements to help you get the treatment you and your family need.
- Read the agreement. Taking the time to understand your financing plan agreement entirely is an excellent investment of your time.
- Understand how interest in your plan works. Is there a promotional amount of time with no interest? What happens after if you still have a balance? Likewise, if you have an interest rate, know the rate and how it affects what you owe.
- Finance what you can afford to pay back. Financing plans have monthly minimum payments, so ensure your monthly budget can handle yours.
For more information on Smile Generation Financing, visit our Dental Financing Page or ask at your Smile Generation-trusted dental practice.
What is a dental discount plan?
What’s the Difference Between a Dental Plan and Dental Insurance?
Both dental plans and dental insurance reduce the amount you pay for dental treatment. However, how they benefit you differs. Here's an explanation of the difference between dental financing and a dental discount plan.
Dental insurance works like health insurance. After paying the premium and the patient meets the deductible, the insurance will pay for qualified expenses up to the annual maximum.
Can I Use My Dental Plan as a Supplement to My Dental Insurance?
Smile Generation Dental Plan
The Smile Generation Dental Plan can reduce the cost of your treatment at a Smile Generation-trusted dental office. For a simple membership fee, you get up to 50% discounts on major dental services, like dental implants, root canals, crowns, or other restorative treatments.
Your Smile is Too Important to Put Off
Want to get started with your Smile Generation Dental Plan or learn more about Smile Generation Financing? Visit the Smile Generation Plans and Financing Page.
Find your trusted, local dentist today!
[i] Vujicic M. Time to rethink dental “insurance”. The Journal of the American Dental Association. 2016;147(11):907-910. doi:10.1016/j.adaj.2016.08.005. Accessed July 14, 2022
[ii] The Fed - Report on the Economic Well-Being of U.S. Households in 2020 - May 2021 - Dealing with Unexpected Expenses. federalreserve.gov. https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-dealing-with-unexpected-expenses.htm. Published 2021. Accessed April 14, 2022.
[iii] Dental Care Financing Plans - Dental Benefits - Mouth Healthy. Mouthhealthy.org. https://www.mouthhealthy.org/en/dental-care-concerns/financing-plans. Published 2022. Accessed July 15, 2022.
Smile Generation blog articles are reviewed by a licensed dental professional before publishing. However, we present this information for educational purposes only with the intent to promote readers’ understanding of oral health and oral healthcare treatment options and technology. We do not intend for our blog content to substitute for professional dental care and clinical advice, diagnosis, or treatment planning provided by a licensed dental professional. Smile Generation always recommends seeking the advice of a dentist, physician, or other licensed healthcare professional for a dental or medical condition or treatment.