Funding for dental care at favorable conditions
With the elimination of the Government Agency, all services dedicated to employees and pensioners of the public administration have passed to Social Security. Among the various services that the social security institute deals with are multi-year loans, which also include Government Agency loans for dental care.
These are special subsidized rate loans that are granted to meet expenses deriving from dental treatment or purchase of dental prostheses. But who can get multi-year dental care loans?
How multi-year loans work
Let’s start by saying that Government Agency loans for dental care fall into the category of direct loans, that is, granted directly by Social Security through a special credit fund, the unitary management of credit and social benefits.
Social Security ex Government Agency multi-year loans can be requested only to meet documented personal needs falling within the cases provided for by the Social Security Loan Regulation.
The repayment plan can extend for 5 or 10 years and the maximum amount that can be financed varies according to the reason for which the funding is requested. The installments are monthly. The interest rate (Tan) applied is 3.5%.
In addition to the gross amount of the service, a fee for administration costs and a fee for the Social Security Risk Fund premium apply. The first is equal to 0.5%, while the risk fund premium is defined on the basis of the age of the applicant and the duration of the amortization plan.
Government Agency loans for dental care can only be obtained by public employees and pensioners registered in the Unitary Management of credit and social benefits. For access to credit, it is also necessary to be able to claim at least four years of contributory payments to the Unitary Management.
To obtain the loan, you must also be in possession of at least four years of service seniority useful for retirement purposes. The presence of a permanent employment contract is also required.
However, members with a fixed-term contract (with a duration of not less than three years) can obtain multi-year loans that can be extinguished within the contract period. In this case, however, there is an obligation to transfer the TFR to guarantee the repayment of the loan.
How to get dental care loans 2018
Government Agency loans for dental care fall into the category of multi-year loans and allow you to obtain credit on favorable terms. The public employee or pensioner receiving the loan can use the sum granted to finance both his own care and that of a child or spouse.
The loan is granted according to the limits of the budgeted expenses. The loan application must in fact be accompanied by a self-certification of the family status and a cost estimate issued by the specialist who will carry out the operations. The estimated cost and the related costs must also be indicated in detail in the cost estimate.
Once the therapies have been carried out, the member must present a certified copy of the invoices to the lender, which must have an amount of not less than 10% of the costs put in the estimate.
We remind you that the financeable amount is defined in the contract, based on the documentation presented. The amortization plan instead extends for 5 years and the installments are monthly.
Renewal and early termination
As regards the renewal of Government Agency loans for dental care, since it is a five-year loan, it is possible to renew an assignment in progress only on condition that at least two years have elapsed since the assignment began.
However, those who wish to obtain a new loan within the first two years of the amortization plan, however, can only obtain multi-year financing with a ten-year duration. This hypothesis is however accessible only on condition that the interested party has never benefited from other ten-year loans.
Early repayment, on the other hand, is allowed at any time of reimbursement, by paying the sum still due. In the event of early termination, the applicant is reimbursed a portion of the risk fund premium, calculated on the basis of the guarantee shortening period.
Lastly, we reiterate that both public workers (whether hired under permanent or fixed-term contracts) or pensioners enrolled in the unitary management of Social Security’s credit and social benefits can access loans for dental treatment.