Lap-Band Financing Options
Lap-Band Financing options can put weight loss surgery within reach to most folks. Deciding to have any elective surgery is not an easy decision to make, but hopefully Lap-Band surgery will be one that is well worth it for you. Many people want to know ahead of time what their options are as far as paying for surgery. Your surgeon and his staff should be able to assist you in finding the best way to pay for your surgery.
There are many Lap-Band Financing Options available……
Insurance: Most insurance companies are now paying for Lap-Band surgery and most, if not all have specific requirements in order for you to qualify for surgery in full or in part. An example of some of the requirements include a six month supervised weight loss plan by your primary care doctor and two years of documented proof that you have unsuccessfully failed at other diet plans. If you were a member of any of the weight loss programs, it’s a good idea to keep receipts and any other papers they may have given you at the time you joined them and keep all records. There are some insurance companies that exclude any kind of weight loss surgery in their plans so then you will have to look at other options.
Financing: Lap-Band Financing is available through many companies such as Care Credit, Medloan finance, and 1-800-My-Surgeon. You can also take out a personal loan if you choose to, which may give you a better interest rate especially if you bank with a credit union. Your surgeon’s office will also help you with the financing so just ask!
Borrowing money: You can borrow money from your 401k or your savings account as a way to pay for your surgery. Some people that have a Health Savings Account (HAS) and may use that money to pay for their surgery.
No matter which way you choose to pay for your surgery, your surgeon and staff will work with you. If you decide to self pay, your surgery can be tax deductible if your cost is more than a standard deduction. You should consult the IRS website for details of medical deductions on your tax return. If you own a home, borrowing from a home equity loan is another method of Lap-Band Financing.
Weight loss surgery costs do not have to be an undue burden if you plan ahead and know exactly what you are committing yourself to. With financial plans in place, that is half the battle of having weight loss surgery. You want to be able to concentrate on healing after surgery not paying a off a large debt.
Once you have Lap-Band surgery you will need adjustments and that can be anywhere from $100 to $250 each if your insurance does not cover them. You may want to include these costs in any money that you borrow so that you won’t find yourself coming up short once your surgery is over and you need an adjustment.
You also want to remember that you may need plastic surgery once you have lost enough weight so this might also need to be calculated in your Lap-Band Financing . Most Bariatric surgeons can refer you to a plastic surgeon they have worked with in the past. You don’t want to end up with separate payments if your surgery is financed or if you borrow money to pay for it.
In the end, you will find a Lap-Band Financing option to meet you needs and you will find that the results will be worth the expense.
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