How to Cover the Cost of LapBand Surgery
Has your doctor suggested you undergo LapBand surgery? If so, this is a suggestion you should give serious consideration to. When a doctor suggests LapBand surgery, he or she is usually doing so to protect your health and wellbeing. For those severely or morbidly obese, the LapBand system is not only a weight loss surgery, but a lifesaving procedure.
As previously stated, take your doctor’s suggestion to undergo LapBand surgery. However, after a close examination, you may feel as if LapBand is a procedure only for your dreams. This is mostly due to the costs. In the United States, the LapBand procedure costs between $15,000 and $20,000. Since you do not have this cash just lying around, you may wonder what your options are.
So, how can you cover the cost of LapBand surgery?
Insurance. Some health insurance companies will cover the cost of the LapBand procedure. You will, however, find many rules and restrictions. For example, if your doctor is only suggesting surgery, you may be denied coverage. On the other hand, if your doctor is stating that it is a lifesaving procedure due to morbid obesity, your insurance is more likely to cover the costs..
If your insurance provider will cover the cost of LapBand with specific criteria met, speak to your doctor. Information can be provided that will show that this weight loss surgery is the most cost effective approach for your care. For example, if you are 25 years old, the cost of diabetes supplies and checkups can easily exceed the onetime cost of LapBand, making it a wise choice for your insurance provider.
If you opt to pay for the LapBand procedure with cash, check, or debit card, you are considered a cash patient. This is opposed to a patient with medical insurance. Inquire about cash discounts. Many healthcare professionals have small, but helpful discounts available.
As previously stated, most Americans do not have $15,000 to $20,000 at their disposal. This means that you will need a way to come up with the cash if you do not have medical insurance or if coverage is denied. Do not stress, as it is easier than it sounds.
Save money. Saving money should be your first step in covering the cost of LapBand surgery. Even if you are on a budget, it is still possible to save money for surgery. Start by eliminating unnecessary purchases, such as your morning coffee at the local gas station or dining out. In fact, a great way to get started is to eliminate sweets from your diet or at least reduce them. Not only will you save money, but you will notice a natural weight loss.
It may take a year to two years for you to save enough money for the LapBand surgery, but saving money, as opposed to borrowing it, is the safest approach to take.
Borrow money from friends and family. If you have close friends or family members who are in the position to let you borrow money, ask. If they know your intention is to lose weight and lead a healthier life, most will be willing to help. Of course, be sure to discuss repayment. You will have more flexibility, but be sure to treat a loan from family and friends just like a bank loan.
Bank loan. Speaking of bank loans, you can request a personal loan. This is recommended as a last resort, but it is wiser than using a credit card. Remember, credit cards are ridden with fees, including late fees. You are likely to find a lower interest rate when acquiring a personal loan.
To acquire a personal loan, have good credit. Personal loans are unsecured, so your good credit will give your bank comfort. It is important to sell yourself. Make it known that your obesity is hindering your ability to stay healthy and work. By undergoing the LapBand surgery, not only will you lead and happier and healthier life, but you will be able to work without as many health disruptions. The ability to work signals a borrower who will make timely loan payments.