With obesity increasing in numbers, weight loss surgery financing is going far beyond the medical, financial, and administrative bailiwick of many physicians. Physicians are in the "business" of treating patients for various illnesses and conditions. Not many treasure the idea of having to justify the needs of their patients to an insurance company. Though there are diverse reasons and explanations for the increase in obesity, those reasons don't solve the problem. The complications associated with obesity have resulted in greater demands on physicians and on their patients to get these procedures done. Insurance companies don't necessarily see it that way. Doctors are finding themselves immersed in a lot of unwanted and unwelcome administrative duties, because many insurance companies do not cover bariatric surgery for the purpose of weight loss. Without weight loss surgery financing, surgeons must sufficiently argue (through documentation) that the financial burden to the insurance company would be lightened if payment for the procedure is garnered. When the physician runs out of options and the claim is flatly denied, it is up to the patient to pay for their own procedure.
Many people faced with this decision simply cannot write a check and hand it to the doctor. Because obesity, in and of itself, may not be considered a medical condition by insurance companies, weight loss surgery financing is becoming the sole choice of patients in order to pay for these high dollar measures. Its surging prevalence has reached almost epidemic proportions. The risks associated with being obese are many and varied. Diabetes, heart disease, and sleep apnea have all been associated with significant increases in weight. Of course, that holds true for obesity as well. Some patients have sought bariatric surgery to solve their weight loss issues. The market for bariatric surgical apparatus and weight loss treatment medications now exceeds $1 billion worldwide. These markets are growing by more than 25% every year. Bariatric surgery is a procedure that is more effective than weight loss therapies. Surgical patients lose approximately 20% of their body weight, while people who submit themselves to medical therapies only lose about 2%. So, it makes sense for people to seek out these types of procedures because of their effectiveness.
There are a great number of companies chomping at the bit to offer a person weight loss surgery financing. There are companies whose sole purpose for existence is that they broker and process loans for medical or dental procedures. Though not direct lenders; there are some companies that offer rates starting at 0% interest. By working through the physician's office to provide patient procedure financing, their marketing costs are reduced. Some of these types of companies offer 100% pay-outs. There are no sign up fees, no monthly fees, and no contracts. In fact, procedure are paid for in advance. Two additional benefits that at least one of these such companies has, is adoption as well as funeral coverage. Other companies that offer financing of medical procedures work with doctors and directly with patients, too. In cases where they are a direct lender, the opportunity for more personalized service and integrity exists. Though rates begin higher, at 6.9%, the rates are still lower than on a typical credit card. These companies tend to be flexible and allow affordable terms. As direct lenders, instant decisions are usually available. Some weight loss surgery financing is ready in 24 hours or less. Usually, doctors will not need to pay sign up fees, application fees, or monthly fees.
"For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Then shall ye call upon me, and ye shall go and pray unto me, and I will hearken unto you. And ye shall seek me, and find me, when ye shall search for me with all your heart." (Jeremiah 29:11-13) Then, there are those who work directly with patients instead of working through the physician's office. These companies' services are more in line with that of a traditional finance companies. However, even if a person has been turned down in the past for weight loss surgery financing by other, more traditional financing, this type of company may still be able to help. Interest rates depend upon a person's credit score and bill payment history. One feature of medical finance that is usually not present with traditional short term personal loans is that these companies are more likely to offer a rebate on all interest paid, when accounts are paid-in-full within the first 12 months. In addition to term loans, a revolving line of credit could be made available; in some cases.
Besides all of the loan type options, there is at least one company that offers a health care credit card that can be used for weight loss surgery financing. Like other types of credit cards, a person applies for the card once and is able to use the card over and over again. There are cards endorsed by the American Society of Bariatric Physicians, as well as dozens of dental, cosmetic surgery, and eye care associations and societies, as well as a number of veterinarian groups. Unlike many traditional credit cards available these days, there are solutions that offer a "No Interest if Paid Within Promotional Period," for each covered event. That means the payment on the card is dependent upon the event it is covering. Although a minimum monthly payment will be required, under this type of promotion, finance charges will not be assessed on the initial purchase (financing) of each particular event. For example, a person has a $2,500 procedure to be paid in 12 months. Then, another procedure is done at a cost of $12,000 for a period of 18 months. Each of these procedures, if paid off within the specified period will be interest free. These terms apply to promotional purchases as long as the full balance is paid within the promotional period (3,6,9,12, or 18 months) as well as not neglecting the minimum monthly payments. Failure to meet both of these conditions cancels out promotional terms on weight loss surgery financing and regular finance interest rates will be applied.
Many people faced with this decision simply cannot write a check and hand it to the doctor. Because obesity, in and of itself, may not be considered a medical condition by insurance companies, weight loss surgery financing is becoming the sole choice of patients in order to pay for these high dollar measures. Its surging prevalence has reached almost epidemic proportions. The risks associated with being obese are many and varied. Diabetes, heart disease, and sleep apnea have all been associated with significant increases in weight. Of course, that holds true for obesity as well. Some patients have sought bariatric surgery to solve their weight loss issues. The market for bariatric surgical apparatus and weight loss treatment medications now exceeds $1 billion worldwide. These markets are growing by more than 25% every year. Bariatric surgery is a procedure that is more effective than weight loss therapies. Surgical patients lose approximately 20% of their body weight, while people who submit themselves to medical therapies only lose about 2%. So, it makes sense for people to seek out these types of procedures because of their effectiveness.
There are a great number of companies chomping at the bit to offer a person weight loss surgery financing. There are companies whose sole purpose for existence is that they broker and process loans for medical or dental procedures. Though not direct lenders; there are some companies that offer rates starting at 0% interest. By working through the physician's office to provide patient procedure financing, their marketing costs are reduced. Some of these types of companies offer 100% pay-outs. There are no sign up fees, no monthly fees, and no contracts. In fact, procedure are paid for in advance. Two additional benefits that at least one of these such companies has, is adoption as well as funeral coverage. Other companies that offer financing of medical procedures work with doctors and directly with patients, too. In cases where they are a direct lender, the opportunity for more personalized service and integrity exists. Though rates begin higher, at 6.9%, the rates are still lower than on a typical credit card. These companies tend to be flexible and allow affordable terms. As direct lenders, instant decisions are usually available. Some weight loss surgery financing is ready in 24 hours or less. Usually, doctors will not need to pay sign up fees, application fees, or monthly fees.
"For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Then shall ye call upon me, and ye shall go and pray unto me, and I will hearken unto you. And ye shall seek me, and find me, when ye shall search for me with all your heart." (Jeremiah 29:11-13) Then, there are those who work directly with patients instead of working through the physician's office. These companies' services are more in line with that of a traditional finance companies. However, even if a person has been turned down in the past for weight loss surgery financing by other, more traditional financing, this type of company may still be able to help. Interest rates depend upon a person's credit score and bill payment history. One feature of medical finance that is usually not present with traditional short term personal loans is that these companies are more likely to offer a rebate on all interest paid, when accounts are paid-in-full within the first 12 months. In addition to term loans, a revolving line of credit could be made available; in some cases.
Besides all of the loan type options, there is at least one company that offers a health care credit card that can be used for weight loss surgery financing. Like other types of credit cards, a person applies for the card once and is able to use the card over and over again. There are cards endorsed by the American Society of Bariatric Physicians, as well as dozens of dental, cosmetic surgery, and eye care associations and societies, as well as a number of veterinarian groups. Unlike many traditional credit cards available these days, there are solutions that offer a "No Interest if Paid Within Promotional Period," for each covered event. That means the payment on the card is dependent upon the event it is covering. Although a minimum monthly payment will be required, under this type of promotion, finance charges will not be assessed on the initial purchase (financing) of each particular event. For example, a person has a $2,500 procedure to be paid in 12 months. Then, another procedure is done at a cost of $12,000 for a period of 18 months. Each of these procedures, if paid off within the specified period will be interest free. These terms apply to promotional purchases as long as the full balance is paid within the promotional period (3,6,9,12, or 18 months) as well as not neglecting the minimum monthly payments. Failure to meet both of these conditions cancels out promotional terms on weight loss surgery financing and regular finance interest rates will be applied.
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