How do you pay for plastic surgery or a cosmetic procedure when your insurance doesn’t cover it? If you’re interested in a cosmetic procedure, you may wonder what the best way to finance cosmetic surgery is. Patients often consider loan financing if they can’t pay cash upfront. Fortunately, you have options that may include discounts, repayment plans and manageable loan terms if you qualify. Consider the following points to learn more about plastic surgery financing options.
Finance Loan for Medical Procedures
Financing may be available for specific procedures, but you’ll need to do your homework to learn what financing is available. Loan financers are available that specialize in cosmetic, plastic, and medical procedure financing. Such financers can get you pre-approved for financing for your procedure. You can calculate payments for your repayment plan based on your budget and choose a doctor for your procedure based on your preferences and reviews from real patients.
Installment Plan with the Surgeon
Whatever plastic surgery or cosmetic procedure you want, it may be possible to get a payment plan with the surgeon. Even if you’re approved for financing, rhinoplasty or any other procedure you get may have costs that are not covered by the loan or your insurance, leaving you to pay the remaining balance. The surgeon may offer a repayment plan through a third-party option such as a plastic surgery loan or medical credit card.
Credit Cards
Some people use a credit card to cover medical procedure expenses. There are different options when considering the use of credit cards. Financing may be available through a medical credit card. It may have a reduced or 0% APR making monthly payments more affordable. You could also apply for a low-interest credit card and use it for medical costs. You’ll need to review the terms and conditions to learn about fees and interest.
Personal Loan
A personal loan is ideal for financing rhinoplasty, breast augmentation, Botox, or whatsoever procedure you may choose. You could qualify for a personal loan with a fixed rate. The loan helps you break up the cost of the procedure into monthly payments. To reduce fees and expenses associated with the loan, pay more than the minimum amount when making monthly payments and work on paying the loan early if prepayment penalties don’t apply.
Saving and Budgeting in Advance
The best way to finance cosmetic surgery may include saving and budgeting. Saving in advance helps designate funds toward the procedure, whether you pay for it out of pocket or put the funds toward loan payments. Even if you get approved for a personal loan or credit card, budgeting can help you make affordable and timely loan payments. If you cannot pay the full amount out of pocket, planning and budgeting is crucial. A budget will help you focus on meeting financial goals so you can get the procedure without hurting your finances.