Personal loans help patients afford elective surgery when health insurance does not cover all of the procedure expenses.
Most insurers do not cover operations that reshape healthy tissue to improve appearance but will pay for medically necessary surgeries – if you have coverage in force.
The most critical eligibility criteria are keeping the amount borrowed as small as possible so you can afford the monthly payment plan to follow. Your credit score and income are secondary.
Many surgeries fall into a gray area, where insurance might pick up most of your expenses – if you can demonstrate that parts of the procedure are medically necessary.
Paying for Elective Surgery Articles
The bariatric procedure type does not matter (gastric bypass, lap band, vertical sleeve, or gastric balloon). The medical necessity of each procedure is of far greater importance as it dictates whether your publicly-funded health insurance will pay claims.
In this article, we’ll explore the requirements for Medicaid coverage of a tummy tuck, including medical necessity and documentation. Don’t miss out on this valuable information that could help you achieve your desired look.
While it typically does not cover cosmetic or plastic surgery, there are some instances where it does honor claims. The secret is two-fold: proving the procedure is medically necessary and finding a surgeon to help you make the case that also accepts your specific Medicaid plan.
Plastic surgery is a related specialty to cosmetics surgery, and people frequently conflate the two together. However, a seemingly minor point can have an immense impact on your costs and how you might go about financing any remaining expenses.
Insurance coverage and discounts kick in for medically necessary procedures.
Even the lowest cost option, Gastric Balloon, costs $8,000 without insurance, and most people living in poverty cannot afford to pay such a sum out-of-pocket themselves.
Insured patients might get lucky and have a medically necessary reason they might otherwise overlook. Having a third-party pick up the tab is always best.
Most patients must pay for the procedure out-of-pocket. Getting loans in advance gives you the flexibility to pick the top local surgeon – instead of one with in-house payment plans.
Several financing options allow you to undergo the procedure right away. Be sure to protect your finances before signing on the dotted line.
Women who need reconstructive surgery can often get a lending hand from health insurance. Have the practice manager write a letter of medical necessity.