How to finance plastic surgery procedures?
Almost all cosmetic surgery procedures are not covered by health insurance. Only reconstructive surgery is covered by some insurance policies, and that too requires a lot of paperwork and back and forth with the insurance company and the hospital. Sometimes, the term "elective surgery" is also used. What it means that when a person elects to have surgery as opposed to being advised by a doctor for medical reasons. (Related article: Having plastic surgery overseas can reduce your cost)
The fact that you will need to pay yourself for plastic surgery is something that most people understand, there are other issues to deal with if your surgery develops unexpected complications. Your health insurance premiums may increase, coverage may be dropped altogether or future coverage may be denied once the insurance company finds out. Treatments as a result of plastic surgery complications (which might have been covered otherwise, for instance, infections or pain) may also not be covered either. Consult with your health insurance carrier about the conditions in your policy. And also discuss with your plastic surgeon on how to deal with your insurance company.
How to pay for plastic surgery?
Plastic surgery is undoubtedly expensive, and no doctor can estimate the costs beforehand if post-surgery complications develop, particularly if you need to be admitted to a regular hospital. These are some important questions to ask your plastic surgeon before your surgery. It is also important to understand who will pay for post-surgery complications and get that in writing.
So you should plan on paying for the procedure and also have a cushion for any complications. The payment option offered varies by doctor, but in most cases, you need to leave a deposit when you book the surgery, and pay the rest right before the surgery. Many people pay right out of their wallets in cash and if you can afford it, that is the best option.
Should you put it on you credit cards?
Only if you have an airline credit card and you have the money to pay the balance in full as soon as you receive your next statement (there is nothing wrong with that because you pay no interest at all and can collect the miles). I am, however, strongly opposed to carrying credit card debt that came from an elective surgery.
There are special loans to pay for plastic surgery and some of them are arranged by plastic surgeons or their associate companies. As with any other loan, be careful before you sign on the dotted line. Make sure you understand how much you are borrowing, what is the interest rate, and what happens if you are late in making payments. Consult with a financial advisor to make sure that you do not commit mistakes in paying for the surgery. The sums are huge and these loaning companies know that most plastic surgery candidates are "rich," and therefore, easier to take advantage of.
Recommended article: Personal finance tips
The fact that you will need to pay yourself for plastic surgery is something that most people understand, there are other issues to deal with if your surgery develops unexpected complications. Your health insurance premiums may increase, coverage may be dropped altogether or future coverage may be denied once the insurance company finds out. Treatments as a result of plastic surgery complications (which might have been covered otherwise, for instance, infections or pain) may also not be covered either. Consult with your health insurance carrier about the conditions in your policy. And also discuss with your plastic surgeon on how to deal with your insurance company.
How to pay for plastic surgery?
Plastic surgery is undoubtedly expensive, and no doctor can estimate the costs beforehand if post-surgery complications develop, particularly if you need to be admitted to a regular hospital. These are some important questions to ask your plastic surgeon before your surgery. It is also important to understand who will pay for post-surgery complications and get that in writing.
So you should plan on paying for the procedure and also have a cushion for any complications. The payment option offered varies by doctor, but in most cases, you need to leave a deposit when you book the surgery, and pay the rest right before the surgery. Many people pay right out of their wallets in cash and if you can afford it, that is the best option.
Should you put it on you credit cards?
Only if you have an airline credit card and you have the money to pay the balance in full as soon as you receive your next statement (there is nothing wrong with that because you pay no interest at all and can collect the miles). I am, however, strongly opposed to carrying credit card debt that came from an elective surgery.
There are special loans to pay for plastic surgery and some of them are arranged by plastic surgeons or their associate companies. As with any other loan, be careful before you sign on the dotted line. Make sure you understand how much you are borrowing, what is the interest rate, and what happens if you are late in making payments. Consult with a financial advisor to make sure that you do not commit mistakes in paying for the surgery. The sums are huge and these loaning companies know that most plastic surgery candidates are "rich," and therefore, easier to take advantage of.
Recommended article: Personal finance tips
posted by eCreativa Media @ 3/14/2005 11:21:00 AM
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