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Monthly payment financing for breast augmentation, implants, or lifts makes your surgery more affordable – when done for cosmetic reasons. Consider all options for help paying for your boob job.

Patients with bad credit need should connect with a large network of subprime lenders. Volume improves the odds of approval.

Women can qualify without a credit check by showing sufficient earnings, verifying employment, and facilitating auto draft payments.

Plastic surgeons touting in-house monthly payments plans often work with third-party patient finance companies.

Women with medically necessary breast reduction, reconstruction, and implant removals should look to their health insurance plan and potential tax deductions for financial assistance first.

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Financing Breast Augmentation, Implants & Lifts

Most women find that financing with monthly payments is the most affordable option to pay for breast augmentation, implants, or lifts. Most patients must pay out-of-pocket for any purely cosmetic mammoplasty.

It’s easy to get a personal loan! (Affiliate Link) Request an amount to cover the entire cost of your “boob job.” If approved, the size of your monthly payment will depend on the principal amount borrowed, interest rate, and length of the repayment term.

Consider these average cost figures published by the American Society of Plastic Surgeons. These numbers do not include anesthesia, operating room facilities, or other related expenses.[1]

  • Enhancement via saline or silicone implants: $3,700
  • Augmentation via fat transfer: $8,000
  • Implant removal procedure: $2,500
  • Aesthetic breast reduction: $5,600
  • Breast lift (Mastopexy): $4,650

Bad Credit

Personal loans for bad credit borrowers are a popular alternative to finance breast enhancement, implants, and lifts. This monthly payment option requires a large network of subprime lenders who price the cost of money accordingly.

  1. A large network of online finances companies increases the probabilities of finding a match. High-risk borrowers often face very low approval rates. Therefore, getting your profile in front of many companies improves your chances.
  2. Subprime lenders specialize in working with applicants with low credit scores and negative marks on their consumer report. They often approve requests that traditional banks typically decline.
  3. The price of money will be higher. If approved, expect to pay a higher interest rate and incur a larger origination fee. People with poor qualifications do not win the best terms.

No Credit Check

Personal loans based on income without a credit check is another option to finance breast augmentation, implants or lifts with monthly payments. The online lender does not perform a traditional credit check by pulling a copy of your consumer report. Nor will the company look at your FICO score.

Instead, the lender considers income only. Of course, this means providing the finance company with complete information about your employer and earnings history. Be prepared to include your bank routing and account number to facilitate auto drafting for payment.

This alternative appeals to two sets of women.

  1. Young adults without an established history of borrowing money
  2. Older women with a poor borrowing history with stronger employment records

Payment Plans

In-house breast implant and augmentation monthly payment plans sound appealing on the surface. In theory, women have one point of contact – the surgical practice. In reality, most want nothing to do with lending money.

Offering personal loans with monthly payments to patients is risky business. Plastic and cosmetic surgeons have no practical lending experience and they want their money upfront. Therefore, they often collaborate with patient financing companies who do the dirty work.

  • 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

Options to Finance Breast Reduction Surgery

Women should consider a different set of options to finance breast reduction, reconstruction, and implant removal surgery. This set of mammoplasty procedures is more likely to fall into the “medically necessary” category rather than cosmetic or aesthetic.

This means health-care services or supplies needed to prevent, diagnose, or treat an illness, injury, condition, disease, or its symptoms and that meet accepted standards of medicine.[2] Your monthly insurance premium payments should address the majority of your costs.

  • Plastic surgery is frequently covered by insurance
    • It fixes defects caused by an underlying medical issue
  • Cosmetic procedures are 100% patient paid
    • They improve appearance or aesthetics only
    • Asymmetry is appearance-related

These two distinctions drive access to health insurance and financial assistance via the tax code.

Health Insurance

Your health insurance plan (including Medicare and Medicaid) should cover any medically necessary breast surgeries – even when they enhance appearance. The patient is then responsible for the normal cost-sharing components built into every plan.

  • Deductible
  • Copayment
  • Co-insurance

The key question is which mammoplasties fall into this category. Ask your doctor to draft a letter of necessity for your insurance company, and ask them to pre-certify coverage.

  • Breast reduction
    • Chronic back and neck pain
    • Chronic skin rashes and infections
  • Breast reconstruction
  • Breast implant removal
    • Extrusion of the implant through the skin
    • Recurrent infections associated with the implant
    • Implants with severe contracture
    • Rupture of silicone implant, but not saline implants
    • Removal of an implant to excise cancerous cells

Short-term disability insurance may replace a portion of income while you recover from any surgery in this category. However, you must have a policy in force for at least twelve months prior to the procedure to overcome any pre-existing condition exclusions.

Financial Assistance

The tax code is a hidden source of government-based financial assistance for medically necessary mammoplasty. Any unreimbursed medical expenses (deductible, copayment, and co-insurance) for covered implant removals, reduction, or reconstruction are tax deductible.

The government helps finance many medical procedures. Choose between three vehicles to maximize this form of financial assistance.

  1. Make itemized deductions using Schedule A. Women recovering from breast cancer often have many other unreimbursed medical expenses. The new tax law passed in 2018 and effective in 2019 sets the threshold at 10% of adjusted gross income.
  2. Make pre-tax contributions into a Flexible Spending Account to realize first dollar tax savings. Employees can contribute up to $2,650 in 2018. Schedule the procedure for the beginning of the plan year and get an interest-free loan. Your employer must reimburse all qualifying expenses immediately.
  3. Use money from a Health Savings Account to pay the out-of-pocket costs. This type of savings account also takes advantage of pre-tax payroll contributions that reduce the amount of income subject to state and federal taxes.

Footnoted Sources:

[1] American Society of Plastic Surgeons – Costs

[2] Medicare Medically Necessary Definition