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Bariatric Surgery Financing – Four Options

Are you in dire need of bariatric surgery but lack health coverage for the treatment? Patients who do not have the financial means to pay for bariatric surgery can turn to patient financing as a payment option for the medical care that they need.

Morbidly obese individuals who find it difficult or impossible to lose a significant amount of weight through diet, exercise or diet pills may need financing to be able to afford bariatric surgery and improve their health. Financing allows a patient to make affordable monthly payments towards the cost of bariatric surgery.

Bariatric Surgery Financing

Bariatric Surgery Financing Four Options

Bariatric Surgery Financing

Health Insurance – The first option you should consider for bariatric surgery financing is your health insurance. Insurance companies are now becoming more open to the idea that weight loss surgery may be able to save them money in the long run by preventing serious and costly medical problems in the future. Your bariatric surgeon can provide information on your medical history and highlight the potential benefits and long-term savings if your insurer agrees to cover the cost of your bariatric surgery.

Healthcare Financing – If you do not have health insurance or if your insurance provider will not agree to cover the cost of bariatric surgery, you still have a number of other options for bariatric surgery financing. Your surgeon can refer you to a healthcare financing company.

Manufacturers of medical devices may also offer a program for patient financing. The LAP-Band System and REALIZE Band both offer a patient financing program that links patients to lending companies and assists them in securing a loan to finance their weight loss surgery.

Secured Medical Loans – You may be able to obtain a secured medical loan from a local bank or credit union. For this type of financing, you will need a collateral (such as your home) to back up your loan. Be sure to compare the interest rate and terms of payment offered by different finance companies. Don’t forget that if you are unable to keep up with payments, the financial institution has the right to take ownership of your collateral.

Credit Cards and Direct Lenders – You can obtain unsecured loans from credit card companies and direct lenders without the need to put up any collateral. While many people will find this easier, keep in mind that you will be paying a higher interest rate over the term of your loan. Be mindful of interest rates and always make timely payments to avoid penalties or increase in interest rate.

Cost of Bariatric Weight Loss Surgery

The cost of bariatric surgery differs depending on the actual weight loss surgical procedure, choice of bariatric surgeon, type of medical facility, and geographical location. The average cost is about $25,000 but it can be as low as $17,000 or as high as $35,000. The cost of surgery usually includes surgeon fees, hospital fees, anesthesia, laboratory and x-ray fees, and miscellaneous fees. The high cost of bariatric surgery should not prevent patients from having the weight loss treatment they need. Doctors can refer patients to a number of healthcare financing companies that provide financing options for bariatric surgery.


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4 Options for Bariatric Surgery Financing

Are you in dire need of bariatric surgery but lack health coverage for the treatment? Patients who do not have the financial means to pay for bariatric surgery can turn to patient financing as a payment option for the medical care that they need.

Morbidly obese individuals who find it difficult or impossible to lose a significant amount of weight through diet, exercise or diet pills may need financing to be able to afford bariatric surgery and improve their health. Financing allows a patient to make affordable monthly payments towards the cost of bariatric surgery.

1. Health Insurance

The first option you should consider for bariatric surgery financing is your health insurance. Insurance companies are now becoming more open to the idea that weight loss surgery may be able to save them money in the long run by preventing serious and costly medical problems in the future. Your bariatric surgeon can provide information on your medical history and highlight the potential benefits and long-term savings if your insurer agrees to cover the cost of your bariatric surgery.

2. Healthcare Financing

If you do not have health insurance or if your insurance provider will not agree to cover the cost of bariatric surgery, you still have a number of other options for bariatric surgery financing. Your surgeon can refer you to a healthcare financing company.

Manufacturers of medical devices may also offer a program for patient financing. The LAP-Band System and REALIZE Band both offer a patient financing program that links patients to lending companies and assists them in securing a loan to finance their weight loss surgery.

3. Secured Medical Loans

You may be able to obtain a secured medical loan from a local bank or credit union. For this type of financing, you will need a collateral (such as your home) to back up your loan. Be sure to compare the interest rate and terms of payment offered by different finance companies. Don’t forget that if you are unable to keep up with payments, the financial institution has the right to take ownership of your collateral.

4. Credit Cards and Direct Lenders

You can obtain unsecured loans from credit card companies and direct lenders without the need to put up any collateral. While many people will find this easier, keep in mind that you will be paying a higher interest rate over the term of your loan. Be mindful of interest rates and always make timely payments to avoid penalties or increase in interest rate.

Cost of Bariatric Weight Loss Surgery

The cost of bariatric surgery differs depending on the actual weight loss surgical procedure, choice of bariatric surgeon, type of medical facility, and geographical location. The average cost is about $25,000 but it can be as low as $17,000 or as high as $35,000. The cost of surgery usually includes surgeon fees, hospital fees, anesthesia, laboratory and x-ray fees, and miscellaneous fees. The high cost of bariatric surgery should not prevent patients from having the weight loss treatment they need. Doctors can refer patients to a number of healthcare financing companies that provide financing options for bariatric surgery.


4 Options for Bariatric Surgery Financing

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Weight Loss Exercise

Best Options in Weight Loss Surgery

If surgery is your only option for weight loss, you will need to gather information and find out what procedures are available before making a decision. Bariatric weight loss surgery is not a procedure to be taken lightly. In fact, it is viewed as a last resort for treating chronic obesity. If you have tried unsuccessfully to achieve a healthy weight using conventional methods, it may be time to consider your weight loss surgery options.

Surgery for weight loss is not cosmetic surgery. Rather, it is classified as medical surgery because of its important health benefits. For this reason, bariatric weight loss surgery is covered by some insurance providers. Morbidly obese individuals have the option to try weight loss surgery if they repeatedly fail to achieve and maintain a healthy weight through conventional methods such as diet and exercise. If you opt for surgery to lose weight, keep in mind that you will experience short-term and long-term effects, and the procedure may necessitate lifestyle changes.

How It Works

Basically, there are only two methods whereby weight loss can be achieved. The first method is to reduce the number of calories consumed by restricting food intake. The second method is through food malabsorption, or making changes in the digestive system so that food is poorly digested and nutrients and calories are not completely absorbed. There are several different surgical procedures to achieve this.

Option #1: Restrictive Methods

The primary goal of a restrictive weight loss procedure is to reduce food intake in order to promote weight loss. This can be done by making the stomach smaller so that it will hold less food while reducing hunger pangs. An individual who undergoes this procedure will find it easier to control meal portions, thus ensuring a steady weight loss with minimal risk of nutritional deficiencies.

Popular restrictive methods of bariatric surgery are LAP-BAND and Vertical Banded Gastroplasty.

Option #2: Malabsorptive Methods

This method promotes weight loss by making changes in the digestive system. The small intestine is rerouted, in effect shortening it so that less food nutrients and calories are absorbed by the body. The primary methods of malabsorptive bariatric surgery are biliopancreatic diversion, Extended Roux-en-Y gastric bypass, and biliopancreatic diversion with duodenal switch.

Malabsorptive methods are highly successful for significant, long-term weight loss but they come with a number of drawbacks. Individuals who choose this weight loss surgery option can suffer from nutritional deficiencies and must take vitamin supplements. They can also suffer from intestinal irritation, bloating, and bowel movement problems.

Option #3: Combination Restrictive and Malabsorptive Method

The Roux-en-Y gastric bypass reduces the size of the stomach, and a section of the small intestine is bypassed in order to decrease food absorption.

Making Your Decision

If you have run out of conventional weight loss options, it may be time to look into the possibility of bariatric surgery. There are several alternatives to consider and you should discuss each one with your bariatric surgeon. Learn about the pros and cons of the different weight loss surgery options. Keep in mind that what works for someone else may not work for you. Your doctor can help you determine what procedure is best for you.


Best Options in Weight Loss Surgery