Say I visit a specialist -- like an orthodontist -- without any insurance. I pay for everything out-of-pocket -- no insurance/deductibles/payment sharing plans/etc. I pay several thousands for the routine rounds -- evaluation, X-rays, retainer work, follow-ups, and etc. Can I write this off?
What is the gist of paying for all of your healthcare costs? Are they 100% refundable? Tax breaks?
I ask because I did some calculations and I can actually save money by paying out of pocket and stretching out the procedures over 9 months. Getting insurance + deductible + X-ray costs would require $300+ in monthly payments + hundreds for deductibles and copays for specific work.
The orthodontist told me that they can help with my jawline and improve my facial aesthetics too.
Out of pocket = ~$3,800 flat for everything.
Insurance = $2,400+ on monthly payments without the cost of anything else included. Not good!
I'll need about 7 visits and follow-ups -- and the plan will add aditional thousands based on this.