Payment options for COAT patients in your care

By June 30, 2016October 13th, 2017Dental Sleep Education, Dentists
payment options for your patients
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A range of payment options for COAT (Continuous Open Airway Therapy)® with SomnoDent oral devices is within every patient’s reach.

Many patients in your practice may dream about a good night’s sleep and feeling healthier, but mistakenly believe that they cannot afford oral appliance therapy as a treatment option. Nothing could be further from the truth! 

Health insurance coverage. 

Oral appliance therapy is virtually always covered by medical insurance and government payers (Medicare, Medicaid – varies by state, etc) using the same criteria that is used for coverage of continuous positive airway pressure (CPAP) therapy. Just like CPAP therapy, there are several required records that the dentist must have in order to acquire coverage for your patient, including a written prescription for the appliance from a physician (the family physician or sleep doctor) to treat sleep apnea.

However, medical insurance companies do not cover treatment for snoring only. Rarely, oral appliance therapy is covered under a dental plan. The VAST majority of the time it is covered under major medical or under the medical insurance DME coverage.

Third Party Financing.

Adding a third-party financing program allows your practice to address cost concerns without stepping into the role of a bank or financing company by billing patients in-house. Patients may even prefer using this payment option instead of consumer credit cards because of available special financing options.

With third-party financing programs, your practice does not assume the risk and expense of billing and collections. Once a practice enrolls, patients apply for credit directly with the financing company. For patients, having a monthly payment option can be a motivation to schedule a procedure or move forward with care. For providers and practices, one of the biggest benefits is that once approved, the financial arrangement is between the patient and financing company.

Flexible Spending Account (FSA).

A Flexible Spending Account (also known as a flexible spending arrangement) is a special account patients can put money into that may be used to pay for certain out-of-pocket health care costs. Patients with a FSA can plan ahead to authorize deductions in the appropriate amount to cover COAT. However, FSAs are limited to $2,550 per year per employer. Read more about FSAs here.

Monthly Payments.

Use a worksheet to show your patients how low their monthly payments can be when spread over a 12-month or 24-month period. Spreading payments over time is a convenient and affordable way to treat your patient’s and help them stay within a realistic budget.

There is nothing that we can do in dentistry that will have as dramatic an impact on our patients’ lives as there is when we simply change their quality of sleep. With COAT, dentistry has the ability to help save lives. With more patients asking for SomnoDent by name, you will find that once your patients begin treatment they will find it well worth their investment for better sleep and overall health. Click  here to learn more about SomnoMed and dental sleep medicine.

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