Medical Loans

Emergency medical expenses can take their toll on your finances. That’s where medical loans can help by providing you with the funding to stay healthy and happy.

Weathering rising medical costs with medical loans

According to a recent Gallup poll, Americans cited healthcare as the nation’s most substantial problem. On top of that, our Money Pulse survey found that members of 1 in 4 U.S. households opted to forego seeking medical attention due to costs. Medical costs are on the rise and it’s no surprise that so many people have been left feeling just a little anxious.

There is good news, however, and it comes in the form of medical loans. These loans can be used to offset the immediate financial impact of necessary medical costs such as:

  • Orthodontia
  • Reconstructive surgery
  • Fertility treatments
  • Bariatric procedures

Weathering rising medical costs with medical loans

According to a recent Gallup poll, Americans cited healthcare as the nation’s most substantial problem. On top of that, our Money Pulse survey found that members of 1 in 4 U.S. households opted to forego seeking medical attention due to costs. Medical costs are on the rise and it’s no surprise that so many people have been left feeling just a little anxious.

There is good news, however, and it comes in the form of medical loans. These loans can be used to offset the immediate financial impact of necessary medical costs such as:

  • Orthodontia
  • Reconstructive surgery
  • Fertility treatments
  • Bariatric procedures

Orthodontia

You or someone in your family might need braces to ensure the healthy development of their teeth. Orthodontia falls under the category of cosmetic dentistry which means, sometimes, it can be difficult getting insurance to cover the cost of braces, headgear, etc. Thankfully, medical loans can often be used to offset the costs of these expensive and necessary procedures.

Orthodontia

You or someone in your family might need braces to ensure the healthy development of their teeth. Orthodontia falls under the category of cosmetic dentistry which means, sometimes, it can be difficult getting insurance to cover the cost of braces, headgear, etc. Thankfully, medical loans can often be used to offset the costs of these expensive and necessary procedures.


Benefits of using medical loans for orthodontia

  • An unsecured medical loan will not require collateral
  • A medical loan might offer better rates than negotiating with the orthodontist
  • A reliable option if there are no state-specific dental assistance programs near you

Benefits of using medical loans for orthodontia

  • An unsecured medical loan will not require collateral
  • A medical loan might offer better rates than negotiating with the orthodontist
  • A reliable option if there are no state-specific dental assistance programs near you

Reconstructive surgery

There are two kinds of reconstructive surgery: the kind insurance will cover and the kind you’re responsible for funding. Typically, surgeries that improve the body’s regular function are covered by insurance. These types of surgeries can include:

  • Breast surgery – correcting breast symmetry, reconstruction due to lumpectomy, etc.
  • Hand surgery – treating carpal tunnel syndrome, nerve and tendon injuries, etc.
  • Ear surgery – correcting birth deformities in the ears, ear-related injuries, etc.
  • Nasal surgery – adjusts for problems breathing, birth deformities, etc.

Surgeries deemed necessary for the sake of cosmetic appearance and self-esteem, however, may not be covered. Unfortunately, sometimes the line between these two distinctions can be blurred which is why a medical loan can help.

Reconstructive surgery

There are two kinds of reconstructive surgery: the kind insurance will cover and the kind you’re responsible for funding. Typically, surgeries that improve the body’s regular function are covered by insurance. These types of surgeries can include:

  • Breast surgery – correcting breast symmetry, reconstruction due to lumpectomy, etc.
  • Hand surgery – treating carpal tunnel syndrome, nerve and tendon injuries, etc.
  • Ear surgery – correcting birth deformities in the ears, ear-related injuries, etc.
  • Nasal surgery – adjusts for problems breathing, birth deformities, etc.

Surgeries deemed necessary for the sake of cosmetic appearance and self-esteem, however, may not be covered. Unfortunately, sometimes the line between these two distinctions can be blurred which is why a medical loan can help.


Benefits of using medical loans for reconstructive surgery

  • Receive surgery that your insurance might debate funding
  • Unlike with a medical loan, using a credit card could impact your credit utilization ratio
  • A medical loan could better provide you with a fixed-rate plan over a fixed amount of time

Benefits of using medical loans for reconstructive surgery

  • Receive surgery that your insurance might debate funding
  • Unlike with a medical loan, using a credit card could impact your credit utilization ratio
  • A medical loan could better provide you with a fixed-rate plan over a fixed amount of time

Fertility treatments

More than 20,000 cases of infertility are reported in the U.S. each year. Unfortunately, only a handful of states require health insurance to cover major fertility treatments such as In Vitro Fertilization (IVF). This can pose a very tragic and expensive dilemma for those who want to have children with the average IVF costs in the U.S. running around $12,000.

Fertility treatments

More than 20,000 cases of infertility are reported in the U.S. each year. Unfortunately, only a handful of states require health insurance to cover major fertility treatments such as In Vitro Fertilization (IVF). This can pose a very tragic and expensive dilemma for those who want to have children with the average IVF costs in the U.S. running around $12,000.


Benefits of using medical loans for fertility treatments

  • Medical loans reduce the cost barrier for couples who want to have children via IVF
  • Financing through a clinic could have higher rates and fees than medical loans
  • Risky maneuvers like borrowing against your home are not necessary

Benefits of using medical loans for fertility treatments

  • Medical loans reduce the cost barrier for couples who want to have children via IVF
  • Financing through a clinic could have higher rates and fees than medical loans
  • Risky maneuvers like borrowing against your home are not necessary

Bariatric procedures

Health insurance won’t always cover weight loss surgery, and this is especially true for bariatric procedures. Several steps must be taken just for your insurance provider to even considerate and, even then, it can take 30 days to a year to receive approval. Furthermore, not all states require insurance companies to cover the costs of bariatric surgery.

Bariatric procedures

Health insurance won’t always cover weight loss surgery, and this is especially true for bariatric procedures. Several steps must be taken just for your insurance provider to even considerate and, even then, it can take 30 days to a year to receive approval. Furthermore, not all states require insurance companies to cover the costs of bariatric surgery.


Benefits of using medical loans for bariatric procedures

  • You might receive the necessary funding sooner through a medical loan
  • A medical loan can help cover additional living expenses during recovery
  • Cosmetic procedures for excess skin can be covered by a medical loan

Benefits of using medical loans for bariatric procedures

  • You might receive the necessary funding sooner through a medical loan
  • A medical loan can help cover additional living expenses during recovery
  • Cosmetic procedures for excess skin can be covered by a medical loan