The cost of treatment depends on several factors, including the severity of the problem and the treatment approach selected. You will be able to thoroughly discuss fees and payment options before any treatment begins. We will present and explain the fee at the initial consultation. Typically we request a down payment on the day your braces are placed and for your convenience, we offer payment options.
Some patients have requested to pay the orthodontic fee in full at the beginning of treatment. Our policy is that we allow a 5% discount on the total fee of “long term” full treatment cases (not Phase I treatment) when paying cash, cheque, money order, and debit. We will allow a 2% discount if paying by credit card. Insurance companies will only reimburse you according to a payment schedule, and therefore, if you have insurance coverage and elect to prepay the full fee, we will issue you a series of receipts as each payment would normally become due in order to forward to the insurance company.
Note that from a taxation viewpoint, it may be to your advantage to pay the full fee in one year. Canada Revenue Agency (CRA) permits deduction of orthodontic fees (and x-rays) from income tax as a medical expense. Please check with your accountant.
Extended payment terms are available, with no interest charged. You are required to provide our office with postdated cheques to cover the balance of your treatment fee; alternatively, we can charge your credit card on a monthly basis. We set up monthly plans so that payments are completed by the end of treatment.
(Payment terms are offered as a courtesy to our customers to make it easier for you to finance your treatment. If the treatment takes longer than we anticipated, we will not charge more. Nor will we charge you more if you need more visits than expected. Conversely, if the treatment is completed sooner than expected, you are expected to fulfill the terms of your financial arrangements/contract).
The monthly payments are due on the 10th day of each month, commencing the month after the initial payment is made. We would appreciate receiving a series of postdated cheques or credit card number for the monthly payments. A receipt will be issued to you each time a payment is processed.
This method of payment is primarily a means of distributing the total fee over a pre-determined period of time. The monthly installments do not directly correspond to the number of appointments or the length of treatment. The fee will include:
There is no interest or finance charge related to the treatment fee, provided that the schedule of payments is kept current. Monthly payments are due on the 10th and are delinquent on the 20th. Interest at the rate of 1.5% per month (18% per annum) will be charged on delinquent accounts. Statements will not be mailed unless the account becomes delinquent. There is a $30.00 charge for cheques returned from the bank.
In the event that a move is necessary before treatment is completed, a case summary and all records will be forwarded to an orthodontist in the area of relocation. Our fee would be prorated to the amount of treatment completed at the time of the transfer.
The new orthodontist will be informed of our financial arrangements; however, it should be noted that it is not binding on his/her part to continue with the same fee. A new financial arrangement will have to be established between you and the new orthodontist.