Gastric Bypass Financing
Gastric Bypass Financing Tips
The importance of gastric bypass financing is an extension of the importance of gastric bypass surgery as a means to control weight. Planning for a gastric bypass surgery is useless if you cannot gain access to funds that help you pay for the medical fees associated with the operation. In the next paragraphs, we will discuss common options available to help patients find means to finance their plans for a gastric bypass surgery so they can move ahead towards a better life.
Before we go into gastric bypass financing per se, it is important to understand the costs associated with gastric bypass surgery. Depending on where you intend to have the surgery done, the exact type of surgery you want done, and the type of medication and post-operative care demanded by the exact procedure, gastric bypass surgery can cost from $20,000 to $38,000. The common components included in this estimate are surgeon’s fees, hospital fees, laboratory charges, consultancy fees and perhaps a little post-operative care, in some cases up to 4 days only.
Knowing the estimate, you can now explore ways to finance the exact surgery. There are two common ways for gastric bypass financing. These are:
· Medical insurance coverage
· Medical loans
Medical insurance can be used to foot some of the bill in a gastric bypass operation. Doctors can issue a certification that details the importance of gastric bypass surgery to facilitate weight loss. If a patient does not lose weight, he can be exposed to specific health problems known as comorbidities. These refer to diseases such as Type II diabetes and heart problems that are exacerbated by being overweight or obese.
In most cases, the doctor needs to demonstrate to the insurance provider that all other methods for weight loss have already been exhausted before gastric bypass surgery was considered. This goes back to the basic criteria that governs which patients qualify for gastric bypass surgery and which patients do not. In general, only morbidly obese patients with BMI greater than 50, who have been obese for more than 5 years, and have exhausted other options for losing weight to no avail can qualify for gastric bypass surgery.
Once a doctor certifies that being obese poses risks to a person’s health, most insurance providers foot the “expected” expenses in an operation. This is limited to the components of the surgery that have already been mentioned. Expenses related to a tummy tuck, diet constraints and therapy are normally beyond the scope of conventional gastric bypass financing schemes.
Alternatively, patients can seek assistance via medical loans. Some companies specialize in providing these sorts of services. The loans work just like other loans with common terms such as 6-15% interest rates, deferred payment schemes, zero interest rates for a certain period, fixed interest rates regardless of economic fluctuations and 12 to 84 month payment terms. Patients can avail of these services as primary or secondary financing sources to take care of gastric bypass bills.
The importance of being healthy should never be put second to money matters which is why there are many available options for gastric bypass financing. Explore these options accordingly to have your surgery covered adequately so you can focus on the operation, healing, and recovery and starting out on a new and healthier lifestyle post-surgery.
Our website carries a wealth of information concerning bypass surgery. We hope this article on gastric bypass financing has been helpful.