How To Get Weight Loss Surgery If You Can't Pay For It Out Of Pocket

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The average cost of gastric bypass surgery is $23,000 - the equivalent of a 2017 Chevrolet Malibu.

The cost of the lap band comes in at almost half for about $14,500. This is similar to the average cost of sleeve gastrectomy surgery which $14,900.

Weight loss surgery is expensive. However, the benefits of surgery far outweigh the financial cost for patients.

If you are wondering how to get weight loss surgery finances in order, read on. This guide will explain the various ways (some unconventional) that you should consider when trying to pay for your weight loss surgery.

Should You Get Weight Loss Surgery?

People who are obese have higher rates of medical problems. The weight of those with a BMI of 40 or higher does extensive damage to the individual's body. Calculate your BMI.

Life expectancy for morbidly obese persons is, on average, ten years less than normal. A long list of health conditions are also effects of obesity.

There is also the humiliating stigma that clings to obesity. This group targets of unveiled discrimination and bias. This discrimination occurs in the workplace, during medical visits, and in relationships.

In a society where we are moving towards acceptance and inclusion, obese persons retain the stigma and bias.

Read 8 signs you need weight loss surgery in Ohio. If you are obese, you are keenly aware of the many reasons you want weight loss surgery.

In addition to shedding pounds, obese persons are desperate to shed the shame and pain that obesity brings. There are a host of health benefits to weight loss surgery.

Usually, the only thing holding you back is accessing the funds to make it possible.

Find Insurance Coverage

80% of patients pay for their weight loss surgery through private insurance.

First, call your insurance provider and see what coverage you have. Ask about gastric sleeve qualifications and gastric bypass requirements specifically.

If your job doesn't cover this, pitch it to your Human Resources department. HR may be willing to convince senior management to add bariatric surgery if there are compelling business reasons to do so.

Explain how adding bariatric surgery is a good business decision and will improve the company's bottom line. Present them with these statistics and case studies that show that obese employees require more time off work.

If that doesn't work, why not consider looking for a new job with the right coverage? Your quality of life will improve drastically. And chances are if this new job offers amazing benefits, there will be many other perks of working there as well.

Medicaid covers 6.3 million people in America. It is a way that you can get weight loss surgery even if you have low income. See if you qualify for Medicaid. But be warned: not all surgeons accept Medicaid payment.

6% of patients use Medicare to qualify for their weight loss surgery. This financing is accepted universally.

Payment Plan from Surgeon

Many surgeons offer a loan with a payment plan. This is how you can get weight loss surgery if you need to pay for it yourself but don't have all the funds yet.

You may get equal payments over a set period of time at a low-interest rate. Ask your bariatric surgeon about your payment options.

Take Advantage of the Tax Savings

Your bariatric surgery may be tax-deductible. So even if you need to pay for the procedure out of pocket, a tax deduction could mean a refund come tax season.

In order to include this surgery, you'll need to complete Schedule A of the IRS Form 1040. Remember to keep all medical bills and payment statements as proof.

Of course, any part of the procedure that is paid for my insurance is not eligible for a tax deduction.

Use Your Special Savings Accounts

You might be surprised to learn that you might be able to use your retirement savings or other special savings accounts to get weight loss surgery.

Find out if you can use your Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), Health Reimbursement Account (HRA) or Flexible Spending Account (FSA) for your procedure.

Get a Loan

You might have heard that weight loss surgery is not a good reason to get a loan. This is ridiculous.

Weight loss surgery may cost somewhere near the ballpark figure of a car. Nobody would tell you not to get a loan for a car. If a loan is your only way to qualify for weight loss surgery, go for it.

Getting the surgery now is well worth the interest and repayment that will come in the future. In fact, when adding up the cost of the surgery compared to remaining obese, the surgery will save you money!

On average, patients save $11,000 per year after weight loss surgery. These savings come from reduced medical expenses due to asthma, depression, high blood pressure, reflux and more.

You will save a lot of money in the long run due to less medical costs after surgery which will enable you to repay your family, friends, or the third-party lender you borrowed from.

How to Get Weight Loss Surgery - Conclusion

We hope yo know realize that you are not doomed to remain obese because of lack of finances. How to get weight loss surgery may require research and perseverance but will be well worth it.

There are 3 types of weight loss surgery available: gastric bypass, adjustable gastric banding, and sleeve gastronomy. Talk to your program coordinator to start the process of figuring out the right procedure for you.

Next, check out our patient transformation before and after pictures to motivate you to get started in finding the funds you need for this necessary procedure.