Weight Loss Surgery Insurance & Financing
Covering the Cost of Your Weight Loss Surgery
All it takes is one visit, and you could be on your way to changing your life forever. A thorough consult may cost as low as $25.
We proudly accept most major insurance PPO plans and are happy to check your insurance benefits to estimate your out-of-pocket cost. Even if you don’t have bariatric benefits, you may still receive partial coverage. One of our patient advocates can verify this information and is here to help you every step of the way.
Out of Pocket Payment
After your consultation, you will meet with our practice administrator and receive your individualized surgery fee proposal. This proposal includes several components such as: surgeon and assistant fee, hospital expenses, and anesthesia expenses. This surgery fee proposal is not an “all-inclusive package” therefore we recommend that you communicate with the hospital and anesthesia group to verify the accuracy of these estimates.
Options for Financing Your Weight Loss Surgery
Insurance Coverage: After You Reach Your Deductible
If you have insurance coverage, the timing of your surgery can help your medical costs. Once you have reached your health insurance deductible and your out of pocket requirements for the year, your insurance plan will cover a larger percentage of your medical expenses.
Flexible Spending Amount
Most employers offer a Flexible Spending Account (FSA), which allows you to spend up to $2,500 of your saved earnings on healthcare without paying income taxes on that portion. Bariatric procedures are eligible for FSA funds.
In cases where your particular insurance policy does not cover your bariatric surgery or you do not carry insurance coverage, we have partnered with several lending institutions that may be able to assist you. You may qualify for a medical loan to cover the surgery as well as pre-surgery expenses. At this time we recommend Prosper Healthcare Lending, Lending Club Patient Solutions, and CareCredit Financing.
Retirement Fund Distribution
Many retirement plans have an option for a “hardship distribution,” which may allow you to draw out funds without penalty if the funds will cover an immediate and critical need. You may need to demonstrate that the procedure is essential to maintain your employment or is necessary in another way. Such retirement plans include a 401(k), 403(b) and 457(b), and may extend to other retirement investments.
Obesity is a life threatening condition that can shorten your life and cause serious health problems; you deserve to start a new life today.