Saturday October 25, 2014
Bariatric Surgery is not Cosmetic Surgery
Bariatric (weight loss) surgery is major gastrointestinal surgery that is performed in patients whose obesity puts them at risk for many medical conditions and premature death.

Patient Financing for Bariatric Surgery

Patient Financing

Patient financing has helped many individuals afford the medical treatment they need to lose weight and improve their health.

Patient financing is a popular payment option that helps individuals finally be able to afford weight loss surgery. By financing either the surgery or co-payment amount, it breaks down the patient cost into more manageable monthly payments.

Without bariatric surgery insurance or Medicare assistance, most patients would not be able to pay the cost of surgery and related expenses. Depending on the procedure, the weight loss surgery cost can range from $10,000 to $30,000. Even for those patients who have health insurance, the co-payment may still be quite high. Financing provides many people a way of paying for weight loss surgery who could otherwise not afford it.

Weight Loss Surgery Financing Options

There are many companies that offer financing for health care and medical expenses, including weight loss surgery. As you consider your various loan options, it is a good idea to compare terms, interest rates, and credit limits in order to find the best loan offer for your needs. The exact amount of your monthly payment will depend on the amount borrowed, interest rate, and length of loan.

The internet makes it very easy to find lending companies and apply for a loan. If you search for "patient financing," you will be returned a long list of companies offering loans for medical and surgical procedures. You will be able to review your options and compare loan offers.

The loan process typically begins by submitting a loan application, which can usually be completed online through the lenders website. Lenders will review your credit history, current income, current assets and liabilities, and credit amount requested in order to determine loan eligibility and approval.

We are not affiliated with any health care financing companies and do not make any endorsements, but we have put together a short list of some of the companies advertising patient financing to help you get started on your search:

  • APFUSA
  • Care Credit
  • Citerra Financial
  • Credit Medical
  • Med Loan Finance
  • SurgeryLoans.com

You may also want to ask your bariatric surgeon for financing information. Many times doctors have working relationships with health care financing companies and can refer you to one or more options.

Another option is to check your local bank or credit union for medical loans or personal loans. You may qualify for one of the loans they offer, which include secured loans, unsecured loans, home equity loans or lines of credit.

The LAP-BAND® System Patient Financing Program

If you are considering LAP-BAND surgery, another financing option is the LAP-BAND System Patient Financing Program. The program links LAP-BAND patients with CareCredit, a GE Money company. The financing program works like a credit card for medical services. You will need to find out if your doctor participates in the program. If so, your doctor can provide you with information. You may also visit lapband.com directly for more information.

The REALIZE™ Band Patient Financing Program

The REALIZE Band Financing Program is offered to patients of the REALIZE Gastric Band. The manufacturer has teamed up with National City, one of the nation's largest financial institutions, to help patients with financing for the surgery. A loan consultant will work with you to choose the best loan for your needs and walk you through the loan application process. If you want to learn about this program, visit realizeband.com for more information.

The Benefits of Patient Financing For Bariatric Surgery

Patient financing helps individuals afford the medical treatment they need to lose weight and improve their health. If you don't have health insurance, your health insurance doesn't cover all the costs of surgery, or you don't have Medicare coverage, and you don't have the money to pay for surgery, you may want to look into your financing options. Consider the advantages and disadvantages of the various loan offers and choose the best one for your financial situation.

Weight loss surgery is expensive, but it is a lifetime investment in your health and life. Don't let financial barriers keep you from achieving better health. Patient financing has helped many people afford the medical care they need, perhaps it can help you too.

Consumer Guide to WLS

Cost of Weight Loss Surgery

Payment Options for Weight Loss Surgery

The primary methods of paying for the cost of weight loss surgery are:

  • Health Insurance
  • Cash Pay
  • Patient Financing

Why Patient Financing?

Patient financing can help pay for the cost of weight loss surgery, whether for patients without insurance coverage, or to cover the cost of out-of-pocket expenses not covered by insurance.

  • On average, weight loss surgery patients are able to achieve and maintain a long term weight reduction of 50% or more.
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