Financing Your Breast Reduction Procedure

Depending on circumstances, the cost of a breast reduction procedure may not be covered by medical insurance. Because of this, there are financing options available to cover breast reduction cost.

Covering Breast Reduction Cost: Financing Options

Although a breast reduction procedure performed to relieve pain may be covered by medical insurance, many insurances do not cover the entire breast reduction cost. Insurance co-pays, deductibles, and miscellaneous fees not paid for by insurance coverage may still require substantial out-of-pocket costs. Also, it is not guaranteed that a breast reduction procedure will qualify for medical insurance. In either circumstance, breast reduction cost can be paid by cash, credit cards, or through a healthcare financing program like those offered through CareCredit® and Capital One® Healthcare Finance.

CareCredit®

CareCredit® is a healthcare financing company that offers numerous revolving credit plans and repayment options to patients interested in cosmetic surgery, dental treatments, LASIK vision correction, and additional ophthalmology procedures, among other healthcare surgeries and treatments.

With the ability to finance procedures up to (and in some cases over) $25,000, CareCredit® is a viable option for financing breast reduction cost, even for patients who combine the breast reduction procedure with another surgery like liposuction of the abdomen.

CareCredit® offers a range of repayment options for breast reduction cost or other healthcare procedures. No interest payment plans for 3, 6, 12, and 18 months available. The company also offers extended payment plans of 24, 36, 48, and 60 months with an interest rate of 11.9 percent for procedures over $1,000. There are no prepayment penalties.

To learn more about using CareCredit® to finance breast reduction cost or to complete an online application, visit the cosmetic section of the CareCredit® website.

Capital One® Healthcare Finance

Capital One® Healthcare Finance offers several installment and interest-free loans to patients interested in plastic surgery, fertility treatments, orthodontics, vision correction, and various other healthcare procedures.

Patients interested in financing all or part of their breast reduction cost can apply with Capital One® Healthcare Finance for a loan from $1,500 to $25,000. This payment range allows patients to pay for a standard breast reduction procedure or one performed in conjunction with another surgery, such as a breast lift.

Capital One® will extend the option of 3, 6, 12, or 18 month interest-free loans to patients who qualify. Installment loans are also available for patients interested in financing the cost of a breast reduction or other procedure. The installment loans may have repayment periods from 18 to 60 months. Fixed interest rates, which are calculated by repayment period and a patient's credit, can range from 1.9 percent to 23.9 percent. Capital One® Healthcare Finance offers additional financing programs for patients with credit concerns and charges no prepayment fees.

For additional information on the company's breast reduction procedure financing or to access their online applications, go to the cosmetic section of Capital One® Healthcare Finance's website.

Applying for Breast Reduction Financing

Both Care Credit® and Capital One® Healthcare Finance offer healthcare financing through cosmetic surgeons nationwide. At a patient's request, each company is willing to contact healthcare professionals who do not currently use their financing to discuss the benefits of incorporating the programs into the practice.

Patients can apply for breast reduction procedure financing through Care Credit® by completing a simple application form at a participating healthcare professional's office. Capital One® Healthcare Finance offers the option of applying for financing of breast reduction cost by phone. Both finance companies offer online applications forms. With a short application process, patients will be quickly informed if they qualify for breast reduction procedure financing.

Various payment plans are available, making it possible to tailor financing options for breast reduction procedure cost to each patient's needs and situation.

Contact a Plastic Surgeon through DocShop

It is important to speak with a breast reduction surgeon to learn more about the breast reduction procedure and the financing options available to cover breast reduction cost. Find a local qualified plastic surgeon through DocShop's physician directory.