Financing Options for Bariatric Surgery

Financial barriers shouldn’t stand in the way of your good health. If your health insurance doesn’t fully
cover the cost of bariatric surgery, or if you don’t have health coverage, you still have options. Numerous
lenders offer flexible financial solutions to meet your needs.

We outlined four of these options for you.

Credit Card
Personal Credit Line
Home Equity Line
Mortgage

Ask your lender about solutions with:

Flexible monthly payments and reasonable interest rates
Secured and unsecured loans
Higher approval rates
Quick application and approval processes

You should also know that bariatric surgery is considered a major medical expense by the IRS,
and may be tax deductible. Consult with your tax advisor to learn more.

Flexible Financing Options

Options	Credit Card	Personal Credit	Home Equity	Mortgage
Amount Needed	$0 – $25,000	$5,000 – $50,000	$10,000 +	$10,000 +
Financial Alternative	Credit Card In addition to traditional accounts, many credit card companies offer healthcare specific financing programs.	Personal Credit Unsecured personal loans that do not require the use of home equity as collateral.	Home Equity Loan allows you to access the equity that you have built in your home.	Mortgage Get cash out of your home by refinancing you mortgage with new terms.
Benefits	Benefits Simple application process Quick credit decisions Terms up to 60 months	Benefits Fixed rate loans Flexible repayment terms Simple application process	Benefits Loan and Line of Credit options are available Fixed and Adjustable rate products available Lower interest rates than credit cards and personal loans Terms up to 25 years	Benefits Provides the longest term structure Consolidates loan amount into your mortgage payment Interest paid on mortgage is often tax deductible
Considerations	Considerations Variable Interest Rates from 1.9% to 25.99% Lower Credit Limits Higher Approval Rates	Considerations Non-variable interest rates from 9.99% to 24.99% Discounts may apply if you have a pre-existing relationship with your lender May be available where you currently do your banking	Considerations Financing fees and closing costs may apply More complex application process	Considerations Loan is secured by your home Most complex loan process Title insurance may be required

Important Considerations

BARIATRIC SURGERY INSURANCE COVERAGE

ADVOCATE FOR BARIATRIC SURGERY COVERAGE