Patient criteria for Lap-Band surgery includes individuals 100 pounds or more above ideal body weight, or a BMI of 40 or higher, or a BMI of 30 or higher with obesity-related health conditions.
Wednesday July 29, 2015
Medical financing is available to help potential Lap Band patients pay for the cost of Lap Band surgery. Without insurance coverage or Medicare assistance, most people are not able to pay cash for the $12,000 to $25,000 that it costs for the lap band procedure and related expenses. The availability of financing options makes it possible for many people to have the surgery who would not be able to afford it otherwise.
There are various companies that specialize in providing financing programs to help patients pay for medical procedures, including lap band surgery. As you have many options to choose from, it is a good idea to compare terms, interest rates, and credit limits to find the best loan for your needs. As with any loan, you will need to submit a loan application. Lenders will consider your credit history, current income, and assets when determining your loan eligibility and approval.
By financing the amount of lap band surgery, the total cost can be broken down into low monthly payments which make it much more affordable. The exact monthly payments will vary, based on the amount borrowed, the interest rate, and the length of the loan.
Some of the lenders that offer medical loans are:
You may also want to check with your local bank or credit union to see what type of loans they offer. Most financial institutions offer a variety of loans; secured loans, unsecured loans, home equity loans, or home equity lines of credit.
Inamed Health, the company that manufactures the LAP-BANDŽ, offers a financing program that links LAP-BANDŽ System patients with lending institutions. You may want to ask your doctor if they are a participant in the LAP-BANDŽ System Patient Finance Program. If your doctor does not currently participate in the program, they can easily enroll by contacting the LAP-BANDŽ System Sales Representative.
You may also want to visit the LAP-BAND System website for more information on enrollment, insurance, and financing, and other resources at www.lapband.com or by calling 1-877-LAP-BAND.
As you consider your payment options for lap band surgery, you may find that financing is the way to go. For some patients, they may have insurance coverage but need to borrow for the amounts that will not be paid by the insurance company. For other patients, they may not have insurance or their insurance will not pay for the lap band procedure, and financing allows them to proceed with the surgery.
If you are considering financing lap band surgery, take the time to compare loan terms and find the loan that works best for your financial situation. Once you gain loan approval and proceed with lap band surgery, consider each monthly payment as an investment in your future as you lose weight and look forward to living a longer, healthier life.