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  1. #1
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    Default Dental fee - Small loan, payment plan or credit card?

    My husband needs some dental work, various things (filings fixed up, new fillings, crown, splint...) that will total around $2,200 after our private health insurance rebate.
    I would like to go on a payment plan however you need to pay the whole amount over 12 months and THEN get the PHI rebate, that would mean paying off approximately $3,800 over 12 months which we can't afford at the moment.
    I am thinking if I should enquire about getting a small personal loan that has a lower interest rate than a credit card, for around $2,500 and therefore I can claim the PHI straight away. I would like a loan that I can pay off sooner (example, if it was a 5 year loan I would like to be able to pay it off in 2 years). I am very good with budgeting so know that I can manage that.
    Does anyone know if small personal loans exist that have a low % rate that can be paid off quicker if preferred?
    Thanks.

  2. #2
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    If you’re able to pay it off a bit quicker there are some credit cards with 12-18 months interest free on purchases. A bit risky though if you’re not 100% sure you can pay it off in time.

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    I’d be getting second opinion on the dental work. I was told 5 years ago I needed $1500 worth of work. I got a second opinion from a difference dentist. I needed nothing that they had said apart from my yearly clean

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    I would space the work out and schedule when I could afford the difference for each item. Put the full fee on the credit card, claim back the rebate then pay the difference off in the interest free period. (get the fillings done ASAP though)

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    Default Dental fee - Small loan, payment plan or credit card?

    Doesn’t your private health cover it straight away? My daughter just had a plate put in and the orthodontist offers payment plans. It costs $4480. I had to pay $1480 deposit which my health fund refunded in full and then I pay $250 month for 12 months.

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    Quote Originally Posted by BigRedV View Post
    Doesn’t your private health cover it straight away? My daughter just had a plate put in and the orthodontist offers payment plans. It costs $4480. I had to pay $1480 deposit which my health fund refunded in full and then I pay $250 month for 12 months.
    Apparently with Denticare you need to pay full amount and then claim.
    Sucks

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    Can you switch private health funds? I'm with HCF and we have very low out of pocket for dental care. (I am excluding braces from that. They were expensive.


 

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