How to Cope with Urgent Dental Bills
For upon |All dental issues, whether painful or not, should be handled immediately. Urgent attention is essential not only for the comfort of the patient but also to prevent the issue from becoming worse. Most dental issues worsen over time and could cause other problems. For instance, a decaying tooth may cause bad breath which can negatively affect your interactions with other people. So how do you handle urgent medical bills where insurance is not an option? Consider the following tips.
Use Your Emergency Fund
The first place you should look to when you have a dental emergency is your emergency fund. If you don’t have an emergency fund, consider setting one up immediately. This is basically an account where you save money you can use in the event of job loss, unexpected expenses, and illnesses. Your emergency account should have at least $2000, or two worth of your monthly expenses. Where there is no emergency fund, consider using other savings. The benefit of using your savings to pay for dental bills is that you won’t have to pay interest later. However, once you are done with the hospital, you should work hard to replenish the savings you used up.
Pay with a Credit Card
The next option is to pay with a credit card if you have one. The benefit of paying with a card is that you don’t have to wait for approval as you would do with loans and thus you get help instantly. Additionally, if your company has a rewards program, you will earn some points. The drawback is that you will have to pay interest and the cost may be higher if you don’t clear the whole amount in one billing cycle.
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Consider a Payday Loan
Patients with steady sources of income can borrow payday loans. These loans are easy to get since all you require is proof of income, bank account, phone number, and identification documents. Additionally, most payday lenders offer no third-party loans and this quickens the approval process. Thus, the main benefit of these loans is that they are easy to get and approval is fast. However, you will have to pay it back with interest, and payment periods are usually short.
Borrow from Friends and Family
Finally, you could borrow money from your friends and family to pay for urgent dental bills. If someone is kind enough to lend you their money, ensure that you pay it back on time as agreed. Treat it just like you would treat a loan from the bank.
Those are some of the options you can consider when you have urgent dental bills. However, you should take the necessary precautions to ensure future bills don’t catch you off guard. Talk to your dentist about dental insurance plans that can be helpful in the future. Also, don’t forget to set aside some emergency funds. Remember, not all dental cases are covered by insurance companies. For some, you have to pay out of your pocket. Finally, look into dental savings plans. These can help you to save lots of money on future dental bills.
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