If you need dental implants or major dental work but are unsure how to cover the cost, you may be eligible for an Early Release of Superannuation (ERS). This allows you to access your super funds to pay for essential dental treatment, regardless of your age.
Dental procedures such as implants and full-arch treatments involve advanced planning, skilled practitioners, and specialised equipment. While these factors contribute to effective treatment and patient comfort, they can also come at a significant cost. For patients with limited private health cover, accessing superannuation early can provide meaningful financial relief.
How Does Early Release of Superannuation Work?
The ERS scheme is designed to allow access to your own superannuation funds for essential dental treatment. However, eligibility criteria must be met, and it should be considered after other payment options have been explored. Speaking with a financial adviser before applying is recommended.
How Do I Apply?
The first step is to confirm your eligibility. Depending on your superannuation fund, you may be able to access a lump sum to cover out-of-pocket dental costs for yourself or your dependents.
Common dental treatments covered include:
- Orthodontics and braces
- Crowns
- Dental implants
- Root canal treatments
- All-on-4 implant surgery
To apply on compassionate grounds, you will generally need to demonstrate that:
- The dental treatment is required for a condition that is life-threatening, causing acute or chronic pain, or significantly reducing quality of life
- You do not have the financial means to pay for the treatment
- A registered dental practitioner (registered with the Australian Health Practitioner Regulation Agency) has completed a supporting report
Your Next Step
If you are considering accessing your superannuation to fund dental treatment, contact The Point Dental and our team can help you understand the process.