Last Updated on October 12, 2023 by
The cost of weight loss surgery is one of the main reasons people think twice and thrice before having the surgery. Some people might delay the surgery as they are not in a severe threat, but individuals at acute risk can’t avoid it. They have to think of various financing for Long Island weight loss surgery.
Important Questions About Long Island Weight Loss Surgery Cost
When you plan to have weight loss surgery, arranging for finances is one of the most important things. So, before selecting the various methods of paying for weight loss surgery, you should ask the following questions.
What Includes in Weight Loss Surgery Cost?
It is important to know what things are included in the total cost of a weight-loss surgical procedure. These include the type of surgery selected, the fee of the surgeon and other health care professionals, the hospital or clinic you choose, cost of anesthesia, surgical tools, and follow-up fee.
Can You Pay Through Health Insurance?
Yes, health insurance will cover the cost of surgery, but patients should know that not all insurance policies cover weight loss surgery. Also, some kinds of surgical procedures will be paid for by insurance.
How to Get Insurance Approval?
First, you must prove that you are eligible for obesity surgery by providing medical proof. You have to follow a six-month diet program in which the patient has to visit doctors and surgeons. This will ensure the policy providers know that you are willing to lose weight. The next step is to have a psychological evaluation of the patient to see if there is a tendency of binge eating.
What Will Happen in a Disapproval Scenario?
You could often be denied the insurance claim or given a small amount. You don’t have to worry because you can appeal. Also, you have other financing options discussed in the points below.
Different Methods of Payment for Weight Loss Surgery?
A health insurance plan will cover all or some part of the surgery cost. But as mentioned above, when you are denied the insurance claim, the following options are open for you.
Medical Loans
A medical loan is a personal loan borrowed to cover all or some part of the cost of an overstitch procedure. The amount you receive depends on how much the lender is willing to give. Also, your eligibility to pay it back.
Payment Plans at Hospital
Many hospitals and clinics like Li Obesity Surgery offer financial plans for the patients. This makes it easy for the patients to pay for the surgical procedure. Also, several facilities accept health insurance policies, but patients have to change the terms of policies.
In-House Financing
Some medical care facilities don’t offer plans, but they recommend the patients to a third-party lender. You apply for the credit and pay monthly installments until the total amount of the medical bill has been paid off.
Secured Personal Loans
This loan is not like a traditional personal loan as it requires a security deposit or collateral as a guaranty. Once the loan amount is paid, you can collect back the collateral. The higher the value of collateral, the more amount you can borrow.
Saving Amount Yourself
Another way to finance weight loss surgery is to save a specific amount each month. Although this might take some time to save, you can save your time applying for a loan. Also, you will not have a fear of the loan being rejected.
Read More: Top 5 things to take care of after Back Surgery
Using Credit Cards
Some credit card companies give their clients the facility of borrowing a certain amount based on the limit of their card credit. Although sometimes the amount could not pay full for the surgery, it might cover some expenses.
Asking Funds from Family and Friends
A good thing about asking for funds from family members or friends is that they will feel your emotions. They help you in every possible way, and you don’t have to worry about paying back at a specific time.
Here are the financing options for Long Island weight loss surgery. You can decide which one is the best for you.
Below are some questions concerning weight loss surgery cost and financing.
Frequently Asked Questions
Can weight loss surgery be financed?
Yes, there are multiple options for Long Island weight loss surgery. These include medical and secured personal loans, in-house financing, payment plans at medical care facilities, credit cards, and asking for funds from family and friends.
What is the safest weight loss surgery?
According to surgeons, gastric banding is the safest weight loss surgery. The weight loss process is slower, but it is considered safe.
What are the 3 weight loss surgery options?
Although there are several types of weight loss surgery, gastric bypass, gastric sleeve, and overstitch are those that most surgeons prefer.
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