Ways to Fund Your Cosmetic Surgery

Posted by Credit Financing Guru

When your insurance company doesn’t pay for cosmetic surgery because it’s elective, and you don’t have the money in the bank to pay up front, what are your options? Do you have to wait until you save up enough money before you can have the facelift, tummy tuck, or breast uplift that you want? That, of course, depends on your personal financial situation. You do, however, need to check into the options before you even go for your first evaluation.

Depending on the surgeon you choose, it’s possible you may find one who offers a payment plan right in the office. In most cases, this means you pay a certain amount down, and the doctor will agree to accept a set amount in payments each month thereafter. You want to be careful when using this option, because in many cases, the down payment is smaller in order to encourage patients to take advantage of it. However, the monthly payments may be short term, and thus much higher than what you can afford. Although this is not true all the time, it is in many cases. The reason is doctors want their money right away, and as such, they really don’t want to be stuck financing patient bills. Therefore, what they do is make it somewhat attractive by offering a payment plan, but at the same time, discouraging patients from using onsite financing because of the future high payments.

Another option is using your credit card, if you have enough available to finance your cosmetic surgery. Financing this way means you don’t have to pay a down payment, and you have low minimum payments. On the down side, cosmetic surgery is expensive, so you will tie up a good portion of your credit line. Of course, if you are financially sound and have a substantial credit line, it may not have a detrimental effect, especially if you have a card with a lower than average interest rate. If you had planned to pay a down payment, you can also do that and put the balance on your credit card. This will reduce the amount of your credit line that you tie up with your surgery.

A third option is applying for a personal loan at your bank. Of course, for those who have less than perfect credit, they may need to obtain some collateral such as real estate or a motor vehicle, but it’s always possible. If you already have an equity line of credit, you can use that as well, by just writing out a check against your available balance. There are always ways you can come up with the funds you need for different things, including that of cosmetic surgery. You may even choose to take a loan against your 401K plan if you have one, or take a loan against your savings account or other assets you may own. Make certain you know you can obtain the funding before you go any farther than the initial consultation. Make sure you can pay for the surgery before you schedule it and tie up the surgeon’s schedule.

Credit Medical offers elective surgery financing services for cosmetic surgery loans, plastic surgery financing, hair restoration, laser vision. Finance your medical procedures through low monthly plans. http://www.creditmedical.com/

Cosmetic Surgery Funding FAQ:

Question: Are there any organizations that help fund cosmetic surgery after losing a large amount of weight?
I just wanted to know because a lot of people who lose 100lbs or more have a lot of extra skin left on their bodies and they can’t afford to get it removed.

Answer: Certain medical insurances will pay for tummy tucks, IF the skin is causing other health problems by being there. Otherwise your skin has a natural elasticity that will most likely shrink back with time and muscle toning. If you had weight loss surgery, whatever insurance (if any) paid for it, will most likely pay for a tummy tuck, if your doctor recommends it for health reasons ie: Skin irritation, Pain, Rashes, etc.

Question: Is it good law to raid Medicare to fund cosmetic surgery, sex change operations, and abortion?
Under the present free market on medical care, people are free to insure themselves for cosmetic surgery, sex change operations, or abortion, or to choose not to be covered for these procedures. Democrats propose a one-policy-fits-all insurance under a government monopoly, and to pay much of the cost by raiding Medicare. Would this make medical care better or worse for most Americans?

Answer: I don’t know what kind of awesome insurance you have that pays for cosmetic surgery and sex change operations, but tell me where to get it! I have never, ever heard of regular health insurance that pays for these things, and I challenge you to find one that does. Further, there will be no specialized policies to pay for this stuff, because the only reason people would ever buy it would be because they were already planning on having the surgery. People don’t buy insurance to have this done, they save their pennies and pay for it out of pocket. No form of government insurance would prevent a person from continuing to do that.

You are probably right about the abortions. I think most plans do pay for abortions, probably because it’s a lot cheaper to pay for abortions than it is to pay for a baby. No government plan would cover them because it’s too controversial. People will just have to save up the 500 bucks themselves, or find a charity that will do it for free.

If the government did take over the health insurance industry, we know the plan wouldn’t pay for cosmetic surgery, etc. Nobody is raiding medicare to pay for this stuff. Ever.

Please don’t take this as support for a government plan, because it absolutely isn’t. I just think your assumptions about raiding medicare to pay for stuff that will never be covered by the government, in lieu of insurance which doesn’t exist now, are flawed. If you want to be afraid of government-run health care, be afraid for the right reasons.

Question: Anonymous Cosmetic Surgery?
I’d like to know if undergoing a cosmetic surgery anonymously is possible in US, if not any other countries? I’m thinking just use an assumed name when I visit the hospital, but I’m not sure if they would obligate me to show the identification in order to proceed with the surgery. I’m using my own funds, not insurance, so it shouldn’t be a problem, but I would like to know for sure.

Answer: You could try but in order for someone to undergo any major surgery in the U.S. it is mandatory that their identification is sufficient. However, your information is 100% protected by doctor patient confidentiality, meaning it is illegal for the hospital to give out your information. So if you had surgery, the only people that would know is the doctor that preformed the surgery and anyone involved with your case, and it is illegal for them to talk about it to anyone else.

Question: How do you get some anonymous person to pay for your plastic surgery?
I watched a story on a local TV news program the other night about women who got 50,000 in plastic surgery done by going on the internet requesting people to send her money for the plastic surgery/cosmetic enhancements! and people funded her surgery no strings attached! This woman wanted the surgery for vanity reasons only she did not have any birth defect etc. I’m intrigued to know why people would send money to a stranger simply to help them to look aesthetically pleasing. Is this practice common?

Answer: Yes people really do this. The website myfreeimplants.com is totally dedicated to this sort of thing, but only for breast implants. Read through the website, people can’t just collect the money and use it for something else. The money HAS to go towards the surgery or else it is returned to the person who donated it. And no, I haven’t used the site, but looked it up after hearing about it on the radio because it is fascinating.

Question: Taxing elective cosmetic surgery to help fund health care?
“Senate Democrats are proposing a 5% excise tax on elective cosmetic procedures… that includes things like Botox injections, breast implants, tummy tucks, face lifts, liposuction, teeth whitening, eyelid repairs, etc.”

I can not believe democrats actually think this is a great idea. Do you think it is ok to tax people who do this, just because they have the extra money to have procedures done?

Answer: Of course it makes sense.

The only effective way to change people’s practices is to make it an economic choice. Making elective/no life threatening medical procedures taxable will cut demand for them, thereby contributing to reducing health care costs. Sure, those with the money will still choose them … but at least the tax will help pay for other procedures. Not taxing them means some other form of tax to raise the money. The other option is a tax on the middle class and rich. The money has to come from somewhere and the best choice is from those most directly benefiting and also choosing to have an optional procedure.

While at it, the value of employer paid heath insurance benefits accruing to workers should also be taxed as income; something that for some strange reason doesn’t happen in the US (unlike most countries).

In Canada we have universal health care, but cosmetic surgery is not covered. If you want it, you pay and pay taxes on the services. Makes perfect sense to any rational individual.

Question: Which medical funds cover breast reduction?
I’m looking to get a breast reduction for backpain, shoulder indentations and headaches. Does anyone know which private health funds cover this procedure? Most of them say that only Some cosmetic surgery is covered.

Answer: Have you had a doctor’s consultation yet? My HMO paid for mine. They had an equation they used. They weigh your breasts, see how the weight is distributed (saggy or perky), and take lots of measurements, these are factored with your weight, height, and BMI and if you score within a particular range, they’ll pay for either part or all of the procedure. I ranked so that they paid for everything. Try to see a doctor and find out how you score in the equation and ask them.

Question: How will Single Payer health care deal with elective Procedures?
Fake Boobs, unnecessary eye surgeries, and cosmetic procedures…Liposuction…the list goes on. Who decides if the tax payers get to fund a Hollywood elite’s 15th face job?

Answer: The current proposal is not for a single payer system. Just like with any other insurance, elective procedures like plastic surgery are not covered for treatment. Procedures like that are paid privately just like in single payer countries like Canada and Great Britain.

Question: Will Insurance Companies Cover My Expensive Surgery?
I have a condition called “Pectus Excavotum” which is an inward curvature of my chest wall. This condition causes me to have trouble breathing and performing under stressful athletic activities. I just turned 21 years old and I work at a job making under 15k per year. The job has no insurance or benefits.

This surgery to fix my condition is NOT considered cosmetic but costs an average of 30,000 dollars. I obviously cannot afford this but I am in need of this surgery. Is insurance or State Funded Health Aid better for my particular case? I hear insurance may deny my claim and thus is risky. Is there any other way I can get this surgery without being in debt for years and years? What will insurance companies do if I claim it as a pre-existing condition.

Answer: First, you would have to find a carrier that would insure you knowing that you have this condition. You would be required to tell them when applying. If you did not and had the surgery, they could come back and cancel the coverage for non-disclosure. And you would have to pay for the surgery yourself. If you did find a company willing to accept you, and your condition, the surgery would have to be considered medically necessary to be covered. I’m not saying it isn’t but THEY would have to say it is necessary. They may also have a pre-existing waiting period that you would have to meet before it would be covered.

Generally, medicaid is for pregnant women, children or blind, aged (over 65) or disabled (federal guidelines). If you do not fall into one of these categories, you would not qualify for medicaid.

Your best option is to find a job with benefits, That way, usually, there is no pre-existing exclusions.

You may be able to qualify for care at a county or teaching medical facility. They would base what you owe on your ability to pay.

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Categories: Surgery Financing
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