A Lab Band surgery is a procedure that involves tightening the upper part of the stomach to control food intake with a band. This results in weight loss over time by restricting the amount of food needed to be consumed in order to feel full. This procedure is employed on patients who are diagnosed as clinically obese and are unable to lose weight through diet and exercise alone. A Lap Band surgery, however, can cost between $13,000 to $30,000 depending on the location and medical facility. While this can be a considerable monetary strain, there are several options to finance this type of procedure.
Step 1
Ask your health insurance company if they cover Lab Band surgery costs. Your health insurance might shoulder the expenses, especially if your weight is causing other medical conditions or if you are morbidly obese.
Step 2
Use your credit card. You may have to use multiple cards to cover the expenses. In addition, call the banks that issued you the cards and ask if they can increase your credit limit. They are more likely to increase your limit if you have been making payments on time and are in good standing with them.
Step 3
Contact companies that offer financing for Lap Band surgeries. There are many such companies, such as Care Credit, SurgeryLoans.com, Reliance Medical Finance and others (see Resources). Also ask your physician to recommend you a financing company, since your physician may know of a particular company that offers financing specifically for Lap Band surgery.
Step 4
Contact the bank you do business with. Your bank may be able to give you a personal or medical loan for Lab Band surgery especially if you have good credit. Make sure to tell them that you need the money for Lab Band surgery, and offer collateral such as a home or car (most banks require collateral).
Member Comments