It’s no secret that sometimes, dental treatments can be costly, and many patients may struggle to afford them. However, did you know that you may be able to use your superannuation to pay for some of the services you need?
What is Superannuation?
Superannuation is a government-mandated retirement savings program in Australia. It’s designed to help you save money for your retirement. Your employer contributes a percentage of your salary into your superannuation account, which is managed by a superannuation fund. You can also make additional contributions to your superannuation account, and the money is invested to help grow your retirement savings.
How to Use Superannuation for Dental Treatments
If you need dental treatments and cannot afford to pay for them out of your own pocket, you may be able to use your superannuation to cover the cost. You can access your superannuation on compassionate grounds if you have an acute or chronic dental condition that requires treatment. Sometimes you can even use your own superannuation funds to pay for your partner or children’s teeth, which may include orthodontic treatment.
To access it for dental treatments, you will need to use a company that specializes in this area. One such company is SuperCare. They will access your superannuation on your behalf and do all the paperwork for you. You will need to pay a fee for their service, and within two to four weeks, the funds will be in your account. The funds will then be paid directly to your dentist.
What Treatments Can You Access?
Superannuation can be used to pay for a wide range of dental treatments, including orthodontics and major dental work. There is very little that cannot be exempt from superannuation, and everything can be justified with a medical certificate. The service can also be used for partners and children.
What Should You Do?
If you need dental treatment and are interested in using your superannuation to cover the cost, the first step is to schedule a consultation with our practice. We will assess your dental condition and determine if you are eligible to use your superannuation to pay for the treatment. Once we have confirmed your eligibility, you can contact SuperCare, and they will guide you through the process.