LapBand Surgery: Your Payment Options Reviewed

LapBand Surgery:  Your Payment Options Reviewed

The LapBand surgery is a popular weight loss surgery in the United States.  After all, what is not ideal about a reversible surgery that allows for adjustment without going under the knife?  For many, the LapBand is the perfect way to lose weight, until they hear about the costs.

So, how can you pay for the LapBand?

Cash.  Due to the cost of LapBand surgery, many believe that cash is the best way to pay.  Technically speaking it is, but cash payment come in a number of different formats, including debit cards and checks.  On average, the LapBand procedure costs $15,000 to $20,000 in the United States. Actual cash is advised against.  That is not money you want to be carrying around town.

Check.  A check is recommended as payment for the LapBand surgery.  All healthcare professionals should accept checks as a method of payment.  They are easy to write and provide you with a second receipt for your payment.  Due to the convenience of debit cards, many consumers do not carry checkbooks anymore.  If that is the case, be sure to bring yours on the day of your surgery.

Debit card.  As previously stated, many consumers now use debit cards to access their checking accounts.  This is an easy and relatively safe way to pay for the LapBand surgery.  First, check with your financial institution.  It is not uncommon for banks to impose daily limits on their debit cards, especially those that will be processed as credit.  For that reason, speak to your bank and have this limit temporarily lifted ahead of time.

Credit card.  If you are unable to come up with the $15,000 to $20,000 that is required to undergo LapBand surgery, you may opt for credit card payment.  Many hospitals and surgical centers accept credit cards as payments.  Verify that your card is accepted ahead of time.  Then, be sure to make your monthly payments on time.  With interest and late fees, it is easy for a $15,000 dollar procedure to double in costs.

Payment plan.  If you have a solid credit score, your LapBand surgeon may be willing to work with you.  They can do so in the form of a payment plan.  Unless a dire situation, payment plans are not usually discussed by the surgeon.  So, if you need a payment plan, ask.  If a payment plan is not available with the surgeon of your choice, take the time to save money or later approach the surgeon with a significant down payment and then inquire about monthly payment plans.

Personal loan.  As previously stated, a good credit score is required to get a payment plan directly through a LapBand surgeon.  If you have a solid credit rating, inquire about personal loans at your local financial institutions.  A stable job and a good credit rating may qualify you for a personal loan.  You will be charged interest, but a financial institution may be willing to extend the term of your loan.  You may have more time to make repayment than with setting up a payment plan.

When undergoing the LapBand procedure, the above mentioned payment options are your most common options.  To reduce the amount you have to pay for surgery:

Examine your insurance coverage.  If are covered by health insurance, speak to a company representative.  In some instances, LapBand is covered.  This is typically in cases where health related medical conditions, such as diabetes, can be eliminated or in cases of morbid obesity.  If LapBand is listed as a procedure covered on occasion, but you are still denied, speak to your surgeon.  He or she can work with your insurance provider.

Ask about cash discounts.  If you are not insured or if your medical insurance does not cover the LapBand surgery, inquire about cash discounts.  They are commonly offered by small or independent healthcare centers.  Although small in size, the discount can still reduce the cost of weight loss surgery.

Find a LapBand surgeon with affordable rates.  As previously stated, the LapBand surgery averages between $15,000 and $20,000 in the United States.  This is not an affordable surgery by any means, but you can look for affordable or reduced rates.  Of course, you want to pay as little as possible, but remember quality and safety.  Choose a Board Certified Surgeon who has experience inserting the LapBand with success.