Weight Loss Surgery and Financing and Payment Plan Options
Financing and Costs for Weight Loss Surgery
Financial barriers shouldn’t stand in the way of your weight loss surgery and your health. If you don’t have health insurance, or if after working with your insurance provider you determine that you don’t have bariatric surgery insurance coverage, you still have options. Many patients use weight loss surgery financing to cover out-of-pocket costs. Because it is an investment in good health and your quality of life, you may also consider the surgery to be worth the cost even without weight loss surgery/bariatric surgery insurance.
Many times you can avoid the hassle and the long periods it takes just to get an approval from your health insurance company.
Lenders normally base their decision on your credit and you can qualify for low interest rates and low monthly payments. Many times an instant decision can be determined with a quick over-the-phone application or by filling out an application online.
Contact us at by calling 1.888.875.3383 to get pre-approved through an easy payment plan option for your weight loss procedure like the LAP-BAND®, Gastric Bypass, or Sleeve surgery. Bariatric Bridge or your weight loss surgeon’s office can be able to answer your questions about treatment costs and fitting a payment plan into your budget.
Bariatric Bridge or your surgeon’s office can be able to answer your questions about treatment costs and fitting a payment plan into your budget.
Get pricing details by calling 1.888.875.3383 to get pre-approved.
MedicalFinancing.com offers convenient financing programs and flexible payment options. With available limits from $1,000 to over $25,000, including financing programs for even those with less than perfect credit. Bad credit financing available with co-signer. Rates start as low as 5.99% and there are no prepayment penalties.
Simply fill out the online loan application form and upon completion one of our friendly and knowledgeable loan experts will notify you about your options. MedicalFinancing.com offers a wide range of financing solutions and will assist you through the entire loan process every step of the way.
MedicalFinancing.com can finance your weight loss surgery such as the Gastric band, Lap-Band Surgery System, Gastric Bypass Surgery, Gastric Sleeve Surgery that are not covered by health insurance.
*Rates starting as low as 5.99%. We offer promotions such as fixed interest rates, deferred interest, and fixed low monthly payments. No prepayment penalty. Bad credit financing available with co-signer.
Many lenders can provide bariatric surgery financing. Some bariatric financing options include:
When you speak with a lender about bariatric surgery financing, make sure to ask them to explain a range of solutions, such as:
You should also know that bariatric surgery is considered a major medical expense by the IRS and may be tax deductible. Consult with your tax advisor or CPA to learn more.
|Options||Credit card||Personal credit||Home equity||Mortgage|
|Amount needed||$0-$25,000||$5,000-$50,000||$10,000 +||$10,000 +|
|Description of financing||In addition to traditional accounts, many credit card companies offer healthcare-specific financing programs.||Unsecured personal loans that do not require the use of home equity as collateral.||Loan allows you to access the equity that you have built in your home.||Get cash out of your home by refinancing your mortgage with new terms.|
|Benefits||• Simple application process
• Quick credit decisions
• Terms up to 60 months
• Fixed-rate loans
• Flexible repayment terms
• Simple application process
• Loan and line of credit options are available
• Fixed- and adjustable-rate products available
• Lower interest rates than credit cards and personal loans
• Terms up to 25 years
• Provides the longest term structure
• Consolidates loan amount into your mortgage payment
• Interest paid on mortgage is often tax-deductible
|Considerations||• Variable interest rates from 1.9% to 25.99%
• Lower credit limits
• Higher approval rates
• Non-variable interest rates from 9.99% to 24.99%
• Discounts may apply if you have a preexisting relationship with your lender
• May be available where you currently do your banking
• Financing fees and closing costs may apply
• More complex application process
• Loan is secured by your home
• Most complex loan process
• Title insurance may be required
Initial surgery costs can lead to savings over time
A recent study showed that bariatric surgery pays for itself in about 2 years. Since weight loss surgery helps improve or resolve conditions associated with obesity, such as type 2 diabetes and high cholesterol, patients save money on prescription drugs, doctor visits, and hospital visits. In fact, monthly savings associated with laparoscopic bariatric surgery were shown to reach more than $900 as early as 13 months following surgery. People who suffer from obesity pay 36% more for healthcare and 77% more for medication when compared with people at a healthier weight. These increases are higher than the costs associated with smoking or drinking. Weight loss surgery can help reduce these costs.
Quality of life improvements
Clinical studies of laparoscopic bariatric surgery patients found that they felt better, spent more time doing recreational and physical activities, benefited from enhanced productivity and economic opportunities, and had more self-confidence than they did prior to surgery.