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Few people are able to pay cash up front for weight loss surgery. If you do not have health insurance and would like to have the surgery, you may want to explore alternative financing options.
Many weight loss programs work with financing companies to offer a variety of loans to patients. Your program coordinator can tell you more about the specifics of the options, such as the length of the loan and interest rate.
Another option that some patients have used is a home equity loan. A home equity loan uses the stake you own in your home as collateral. This option is one that should be pursued very cautiously, because you would be borrowing against your home.
- Depending on the financing company, large medical loans may require collateral such as your home.
- Home equity loans may offer better interest rates.
- When it comes to self-pay, you should consider the expense of potential surgery-related complications because these may not be covered by your insurance either. It’s a good idea to hope for the best and plan for the worst.
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