Breast Reduction Financing
Breast reduction surgery is performed for both cosmetic and medical purposes. Many women suffer from health-related issues causing back, shoulder, and neck pain due to excessively large breasts. In this circumstance, insurance companies may pay for all or a portion of the cost of the breast reduction procedure. Patients who choose to undergo the surgery due to cosmetic issues, such as a disproportionate figure or asymmetrical breasts, insurance may not cover any of the cost.
Fortunately, many surgeons or outside medical companies offer financing solutions, so patients can make monthly payments for the surgery. If you are considering breast reduction surgery, however are apprehensive due to the high expense, make sure you learn more about your financing options. Docshop has put together a comprehensive overview of financing information for breast reduction surgery.
Financing Options for Breast Reduction Surgery
Although a breast reduction procedure performed to relieve pain may be covered by medical insurance, many insurance companies 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 for with cash, credit cards, or through a healthcare financing program like those offered through CareCredit®.
Many plastic surgeons offer financing programs to patients as well to help cover the cost of breast reduction surgery. During your consultation, your surgeon or another healthcare professional will discuss the cost of the procedure with you. Make sure to ask questions regarding financing offered at the practice, or whether the practice is associated with a specific healthcare financing company. Often times, someone from your plastic surgeon's clinic can help you with the entire financing process, starting with filling out the application and customizing a payment plan that works best for your needs.
CareCredit® is a healthcare financing company that offers numerous revolving credit plans and repayment options for patients interested in cosmetic surgery, in addition to other 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 a breast lift or liposuction of the abdomen.
CareCredit® offers a range of repayment options for breast reduction cost. Zero-interest payment plans for 3, 6, 12, and 18 months are available, as well as extended payment plans of 24, 36, 48, and 60 months with an interest rate of 11.9 percent for procedures over $1,000. Additionally, there are no prepayment penalties.
To learn more about using CareCredit® to finance the cost of breast reduction surgery or to complete an online application, visit the cosmetic section of the CareCredit® website.
Applying for Breast Reduction Financing
CareCredit® and other companies 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 financing through CareCredit® by completing a simple application form online, or at a participating healthcare professional's office. 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.
Visit the DocShop gallery to view more breast reduction before and after photos.
Photo credit: Ramiro Morales, MD
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.