How to Pay for Bariatric Surgery Without Insurance
To pay for any surgery major or minor without medical insurance is very expensive. Although insurance covers most of the basic needs, certain cosmetic surgeries are not covered under it. While Weight loss surgery and Dental Surgery are considered cosmetic, but in actuality, these are life-changing for people undergoing them.
Even though weight loss surgery and dental treatment are an easily accessible option, financing the same remains a hassle for many. People often forego surgery due to a shortage of finances. In the United States and Canada, bariatric and dental surgery is quite expensive.
Cost Of Bariatric Surgery Without Insurance?
In the United States, the average cash pay price of gastric sleeve is $19,100, and the price of a gastric bypass without insurance is $23,000.Patients from these countries opt for affordable bariatric surgery in Mexico as the cost of the procedure in Mexico is 70% lower as compared to the United States and Canada.
Our self-pay packages for bariatric surgery in Mexico begin from $3,899. The cost of a gastric bypass without insurance in Mexico is $5,595.
The following table shows the cost of bariatric surgery without insurance in Mexico vs. the United States, Canada, and Australia:
| Country | Gastric Sleeve | Gastric Bypass |
|---|---|---|
| USA | $19,100 | $23,000 |
| Canada | $15,450 | $15,800 |
| Australia | $11,300 | $12,700 |
| Mexico | $3,899 | $5,595 |
Cost Of Dental Surgery Without Insurance?
Similarly, if we look at the cost difference in one aspect of Dental treatment, per se Dental Implant placement, the cost in Mexico is about half of the cost in the United States.
The following table shows the comparison of implant prices across various countries in North and Central Americas:
| Country | Average Cost of a Single Dental Implant |
|---|---|
| United States | $1,500-$6,000 |
| Canada | $1,000- $6,000 |
| Mexico | $699 |
| Costa Rica | $650 (for one-piece immediate load) |
Lack of funds should not deter you from getting the care you deserve.
In this article, we will look into the various financing options that can be picked by an individual are as following:
Self Payment
Even though Self Pay is the easiest option, but not everyone can afford to do so.
Savings is a self-financing method for getting the surgery done. An individual in need of bariatric surgery can plan out his/her expenditures in a manner that a specific part of the income is kept aside as savings every month.
Henceforth, the accumulated income can be used for getting the treatment. This method involves financial planning and budgeting so that one can collect a reasonable amount for the surgery.
One may sell off unusable/unrequired assets for raising money. This way there will be no dependence on anyone for raising funds.
Self-payment for a procedure can be done in many ways, either by cash payment, a cheque or by wire transfer.
It saves the patient of additional costs such as interest and the hassle of repayments.
Medical Loans
There are many banks and financial institutions that offer medical loans to people suffering from some medical predicaments and are unable to get the same treated due to monetary limitations.
The medical loan facility can be availed by people on a specific rate of interest after providing collateral and fulfilling other related formalities. There are certain guidelines for the approval of loans. At times, the financial organization can even offer unsecured loans, in which case the interest charged is usually higher as there is no collateral involved. United Medical Credit and Financing Solutions are two such services.
Click on the images below to check if you are eligible for a loan:
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Credit Card
This is also a kind of unsecured loan. You pay upfront with your credit card and keep paying back the amount to the credit card company in easy installments.
Others
There are other nonconventional methods of financing your surgery. These include Informal Loans, Refinancing, Medicaid, Crowdfunding and Money pool.
Medical tourism Corporation also offers a saving scheme “ Save For Surgery.” In 2016, 1,400,000 Americans traveled abroad for medical reasons.3
Begin your weight loss journey now. Contact us for FREE (pricing).
Conclusion
As mentioned, there are multiple financing options for individuals seeking medical treatment. Therefore, a person can choose a financing option as per his convenience of repayment and income level. The shortage of finances should not come in the way of a healthy life.
We do not promise guaranteed financing for surgery but can certainly help you get access to the care you deserve.
References
- Estimate of Bariatric Surgery Numbers, 2011-2017, American Society for Metabolic and Bariatric Surgery, Retrieved 7 September 2018
- Cervera F., (2016). Leveraging the Capital of the Community, MIT Press Journals, volume 10, number 3/4, p. 9-19
- Nelson R., (2017). ‘The Growing Trend of Medical Tourism’, The American Journal of Nursing, Vol 117(7), p. 18-19
- Trevino J., (2018). ‘Medical Tourism is Booming in Mexico’, Pacific
Standard, Retrieved on 17 September 2018
