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Monthly payment financing for breast augmentation, implants, or lifts makes your surgery more affordable – when done for cosmetic reasons.

Personal loans, in-house payment plans funded by third-party companies, and credit cards all fall under the financing umbrella. Weigh the pros and cons of each option before borrowing money to pay for your “boob job.”

Patients with bad credit must show sufficient income to support the payment plan with room to spare.

Women can often tap the lowest cost alternative (having health insurance pick up most of the tab) when they need reconstructive breast surgery. The procedure must correct a tuberous deformity or restore function after a covered medical event such as cancer or weight loss surgery.

Cosmetic Breast Augmentation Financing

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Financing is a blanket term encompassing several options that allow women to pay for breast augmentation in reasonable monthly payments. Consider the benefits and drawbacks of personal loans, in-house payment plans, and credit cards. Then choose the alternative best suited to your situation.

Borrow money only when your insurance will not cover the surgery because it is cosmetic: reshapes normal structures of the body to improve the patient’s appearance and self-esteem.

Personal Loans

It’s easy to get a personal loan (Affiliate Link) when you have a good credit score (650+), and you have sufficient income to afford the projected monthly payment! Request an amount to cover the entire cost of your “boob job.”

Consider these average cost figures published by the American Society of Plastic Surgeons, which do not include anesthesia, operating room facilities, or other related expenses.

  • Enhancement via saline or silicone implants (Mammoplasty): $3,700
  • Enlargement via fat transfer (Lipoplasty): $8,000
  • Breast lift (Mastopexy): $4,650

Getting approved for personal loan upfront puts money in your pocket, which allows you to choose the surgeon with the best reputation for successful results. Why prioritize a practice that offers in-house payment plans or accepts your restricted use credit card?

Payment Plans

Looking for a local surgeon who offers in-house monthly payment plans for cosmetic breast augmentation sounds appealing on the surface. After all, don’t we all like one-stop-shopping arrangements?

Avoid a botched boob job and pick the surgeon who will provide a satisfying result from your implant or fat transfer procedure. The reality is that most surgeons do not offer payment plans in-house anyway.

Instead, most centers refer patients to third party finance companies who do the dirty work behind the scenes.

  • Perform the credit checks
  • Verify income and employment
  • Fund the surgical procedure
  • Send monthly invoices and collect payment
  • Refer delinquent patients to lawyers or collection agencies

Credit Cards

Restricted-use credit cards are the final option to finance cosmetic breast augmentation. With these revolving arrangements, patients have the luxury of flexible monthly payments, which can be a blessing or a curse if you do not read the fine print.

Medical credit card companies will sometimes make enticing promotional offers to select patients: zero percent interest. The patient gets free financing provided she repays the full balance within a set period of six or twelve months.

However, the curse of the fine print and flexible monthly payments kick in if you fail to retire the entire amount in time. The company charges an exorbitant deferred interest of 26.99% on the opening balance.

Bad Credit

Financing your cosmetic breast enhancement when you have bad credit history will prove challenging regardless of whether you choose a loan, payment plan, or credit card. Women with a FICO score below 650 will have to compensate in some way for their poor payment records to gain approval.

Bad credit borrowers can balance their application by working with a specialty lender and demonstrating more than enough income to afford the projected monthly payment.

  • No credit check companies specialize in subprime applicants with a spotty history. Instead of pulling a report from Equifax, Experian, or TransUnion, they utilize a second-tier bureau that collects alternative data such as rental and utility transactions
  • A low debt-to-income ratio signals the lender that you have enough money coming in to handle the projected monthly payments and are less likely to default on this new obligation, despite past failures

Insurance Covering Breast Augmentation

The cheapest way to finance breast augmentation is to have your health insurance cover all or part of the procedure. Of course, this tactic works only for reconstructive surgery and not operations for purely cosmetic or aesthetic reasons such as enlargement or repositioning of nipples.

Reconstructive surgery treats abnormal structures of the body caused by congenital anomalies, developmental abnormalities, trauma, infection, tumors, or disease.[1] It primarily addresses function, but can also enhance appearance.

Implants

The Women’s Health and Cancer Rights Act (WHCRA) requires select health insurance plans to cover reconstructive breast surgery after a mastectomy.[2] The benefits must include several steps and objectives.

  • Reconstruction of the affected boob
  • Surgery of the other bosom to achieve symmetry
  • Installation of the prosthesis or implant
  • Treatment of possible complications including lymphedema

Keep in mind that the WHCRA applies only to group health coverage sponsored by employers and unions and individual plans. The rule does not extend to public programs such as Medicare and Medicaid.

Also note that WHCRA places the requirement on plans that cover mastectomies, but does not mandate the initial cancer treatment. Also, the federal law appears to be silent on less invasive lumpectomies – although some state regulations mention wide local excisions.

Lifts

The definition of reconstructive surgery helps to determine whether your health insurance will honor claims for breast lifts (mastopexy). The procedure must correct structures for a covered medical reason, not just aesthetics.

Your insurer could approve claims for mastopexy when your provider does a good job drafting a letter of medical necessity. However, some cases are easier to make than others.

  • Lifts after treatment for cancer fit the trauma, tumor, and disease categories clearly and have the best approval odds
  • Lifts after weight loss surgery could fit the infection criteria if your droopy boobs cause persistent rashes, chronic yeast infections, and necrotizing cellulitis or fasciitis
  • Lifts and corrective procedures for tuberous deformities fit into the congenital anomaly category and could win approval

Footnoted Sources:

[1] ASPS Recommended Insurance Criteria

[2] CMS.gov WHCRA