Financing for Bariatric Surgery
For those patients who do not have sufficient insurance coverage or who do not have the means or willingness to self-pay, there are many financing options for surgical weight loss. Generally each of the procedures we offer can be financed, however it should be noted that every financing company will have a different plan that may carry significant interest expenses. Financing plans may also require collateral assets to be pledged as a promise to pay.
- Medical financing companies like CareCredit and BlisPay offer tailored programs to those undergoing bariatric surgery. These plans often include low or no interest programs that require a certain personal credit level to qualify.
- Some patients will opt to use credit cards to pay for their procedure. It is important to note that this option tends to have the uncertainty of variable interest rates. Those wishing to finance their procedure long term should be aware of the risks of possible increases in their credit card’s interest rate.
- Home equity or fixed home loan. This type of financing uses the equity in your home to back-up your promise to pay the lender. Bear in mind that in case of default, the lender may be able to take possession of your home or other pledged assets if payments are not made.
As with any financial decision, it is important to weight your options very carefully. Understanding the risks and benefits or seeking qualified financial advice will help you make the right decision.