Most people believe that having insurance coverage is the only real option to undergoing bariatric surgery. Thankfully it’s not. Even after a long-fought battle with the insurance provider, being rejected happens more times than not. Don’t worry, you still have options to pay for bariatric surgery without insurance.
Most of our patients find us because they need an affordable alternative to bariatric surgery in the United States when insurance is denied or not covered.
Fortunately, there are many options to pay for weight loss surgery without insurance.
There are 3 primary ways to pay for bariatric surgery without insurance.
- Self-pay (cash pay)
- Payment plans (loan/financing)
- Grants for gastric sleeve or bypass
If you are considering bariatric surgery but struggle with costs, think of it this way – how much is being healthy and happy worth to you?
If the answer is priceless then think of bariatric surgery as worth it whether your insurance covers it or not. Bariatric patients should try their best to get the best possible alternative payment option for bariatric surgery (procedures like gastric sleeve surgery, gastric bypass surgery, and gastric balloon).
Now you just need to find the most reasonable payment option for you. So here are your best options.
1. Self-Pay for Bariatric Surgery
Self-pay, or cash pay for bariatric surgery is ultimately the most economical option to saving money because you do not have to pay long-term interest. Unfortunately, paying $19,000 for gastric sleeve surgery or $25,000 for gastric bypass surgery is out of the question for most people.
So how do you self-pay for bariatric surgery?
There are many ways to go about paying for bariatric surgery, it’s just about figuring out your best option.
- Family members
- Credit card
- Tax returns/refunds
Thankfully, there is another option.
Weight Loss Surgery in Mexico – The Fastest Way to Get Bariatric Surgery NOW!
Mexico Bariatric Surgery came into business because of the constant question of, ‘How to pay for Bariatric surgery without insurance?” So we created one of the most effective solutions – bariatric surgery in Mexico.
With low costs, high standards, and certified surgeons, it is the closest yet an affordable option in comparison to the United States. Mexico’s most popular self-pay (or cash pay) procedures are gastric sleeve surgery and gastric bypass surgery.
Generally, self-pay is most affordable for procedures like gastric sleeve surgery and gastric bypass surgery.
2. Payment Plans, Loans, and Financing for Bariatric Surgery
If you need help paying for bariatric surgery, you may want to consider bariatric surgery financing. In most countries, there are bariatric surgery payment plans that you can choose between including bank loans, medical loans, or bariatric provider loans. Payment plans are a great way to pay for bariatric surgery without insurance.
Bank Loan for Bariatric Surgery
A bank loan, or a personal loan from your current bank, is a viable option to pay for bariatric surgery. Bank loans are generally more affordable in terms of interest rates and down payments, depending on the relationship you have with your bank. A personal loan is another type of unsecured loan, meaning interests rates can be higher because you are not offering collateral.1
If you choose a secured bank loan, you are more likely to get lower interests rates because you are offering collateral against your loan. A secured loan can be risky, with the potential to foreclose your house or even be forced into bankruptcy.
Ultimately, checking with your bank for financing options should be one of your first steps to paying for bariatric surgery if going the loan route.
Medical Loan for Bariatric Surgery (Unsecured Personal Loan)
A medical loan is another type of personal loan for health care or medical care financing. They are generally called unsecured personal loans. The name “unsecured” refers to the loan not needing to be secured by your property, which puts a lot of risk on your family.2
There are many medical financing companies that provide low-cost medical loans for bariatric surgery that help pay for all medical expenses.
Medical loans are extremely beneficial by giving financing options to patients without going through a long-term approval process.
These medical finance companies that act as “one-off” financers. In most cases, patients get better interest rates and down payments from their bank although it is a longer process. With medical financing companies, you can be accepted in as little as a day, therefore undergoing weight loss surgery much sooner.
Ultimately, medical loans have a faster process because they specialize in health care financing. Check with your bariatric provider to see if they have a recommended third-party option for medical loans.
Surgeon Financing (Payment Plan Directly Through Bariatric Surgeon Provider)
Depending on your down-payment, surgeons can offer high-interest rates and sometimes even little to no interest over a period of time.
Many bariatric surgeons or bariatric providers offer financing options for their procedures to help accommodate all patients. With most surgeons in the United States and around the world, payment plans are available
There are two types of financing through your bariatric provider; in-house financing and a payment plan through a partnered finance company.
Surgeons may also use third-party finance companies even though they may tell you that they provide “in-house financing”. This is different than a payment plan.
If you have a relationship or history with your surgeon, you are more likely to make payment plans without needing financing. Make sure your bariatric surgery package price is all-inclusive, with the payment plan reflecting ALL costs related to your surgery.
What Should Be Included in Your Package
- Hospital Stay
- Anesthesia and Surgeon Staff/Assistants
- Pre-Op and Post-Op Testing and Visits
- Any addition Consultations/Nutritionist
- Recovery Stay
- Support Group
- Aftercare Support
- Medical Specialist or Coordinator
3. Government Grants
Government grants are an option for bariatric surgery, although grants can be difficult to obtain. Grants are available for patients who are medically approved for bariatric surgery, although are not able to pay for financial reasons. Unfortunately, not everyone is accepted to be funded for surgery.
You should first make sure the bariatric surgeon you are interested in is qualified have knowledge of the WLSFA grant program. If you are interested in applying for a grant, start here.
Honorable Mentions to Pay for Bariatric Surgery
Keep in mind, there are many other alternatives to paying for bariatric surgery without insurance. Here are some honorable mentions to pay for bariatric surgery without insurance.
- Credit cards
- Equity loans using home
- 401k loans
- Family and friends loans
- Secured loans
- Alternative financing
You need to do your research and find the best payment option for you! Give us a call if you need help. We provide affordable weight loss surgery in Mexico for cash-pay bariatric surgery. We also offer financing options!