How Can I Get Medical Financing?

In November 18, 2019
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Medical financing helps patients get the surgical procedures they want to get today, without waiting. Many medical procedures are not covered by health insurance companies, such as cosmetic surgery, LASIK surgery, breast augmentation and other “elective” procedures. However, patients don’t need to let that stop them from enjoying the joy of perfect vision and the many other benefits from such procedures. With a medical loan, patients can pay in full for the procedure they want, without going into credit card debt or relying on their medical providers’ options for patient financing. 

 

United Medical Credit has a large network of lenders that allows us to help patients from all financial backgrounds. Whether you have a less than perfect credit score or excellent credit, United Medical Credit can help you pair with a lender and take out a loan with affordable monthly payments. Our years of experience let us offer financing for patients with sub-prime credit and we can help you apply with a co-signer so you can get the best rates on your medical loan. 

 

We’re living during an exciting time in human history, with medical innovation at an all-time high. New surgical procedures and improvements to existing procedures are made available to patients every year. Surgery is not the only area of medical innovation. Medical devices have also been greatly improved over the years. Assistive devices like new hearing aids are expensive, but can make a huge difference to a patient’s quality of life. This is why United Medical Credit exists – to help patients take advantage of their best options, so they can enjoy life to the absolute fullest.   

 

FAQ ON PATIENT FINANCING: COMMON MEDICAL FINANCING QUESTIONS PATIENTS ASK 

 

What credit score is needed for medical financing?


Every lender has its own credit score requirements and practices. At United Medical Credit, we like to see a minimum credit score of 550 for a sub-prime loan. For a standard loan, we like to see a credit score of 600. You can get your credit score from any major credit bureau. Your score may vary from credit bureau to credit bureau. This is because each bureau uses its own rating scale. 

 

To get a full picture, you can request your report from all of the major credit bureaus and compare their profile of your credit history. It is a good idea to dispute any incorrect items on your history before using United Medical Credit’s online application to apply for patient financing.

 

 

How can I get a medical loan for surgery?

 

United Medical Credit can help match patients with medical loans for surgical procedures. While an excellent credit score may result in more options when it comes to loan amounts and loan terms, many patients of all credit backgrounds are able to qualify for a medical loan for procedures. A medical loan can pay for procedures that health insurance companies do not cover, such as in vitro fertilization (IVF) or other fertility treatments, LASIK eye surgery, weight loss surgery, and plastic surgery as well as associated medical costs.

 

How can I get a medical loan with bad credit?

 

A medical loan can help patients receive the treatments they need today, without waiting. Medical loans can have a lower interest rate than medical credit cards, which often have a grace period for repayment but then the interest rate can skyrocket. Many patients prefer to borrow money for medical care rather than drain their savings account. A co-signer can help patients with bad credit qualify for a line of credit to pay for medical care that is not covered by their health insurance. United Medical Credit has years of experience working with patients of all financial backgrounds.

 

Do most plastic surgeons offer financing?

 

Not all plastic surgeons offer financing, but many do. United Medical Credit helps patients, even those with bad credit, find a loan from our online lender network to cover their medical bills. The medical loan can be disbursed directly to the plastic surgeons’ office. This way, patients can pay for their medical expenses upfront, without going into credit card debt.  At United Medical Credit, we believe plastic surgery financing should be available for those with good or bad credit. 

 

How do I apply for a medical loan?

 

It’s easy to apply online through United Medical Credit to get a loan for medical expenses. You will need some basic financial information such as your income and desired loan amount to get started. Based on your credit history, you will be matched with a lender in United Medical Credit’s network. Next, you can compare medical loans and decide on the best fit. United Medical Credit can help you select a loan with affordable monthly payments and work out a loan term with a payment plan that is right for your unique financial situation. Apply here now

 

Can you pay for surgery in installments?

 

With loan funds from a lender in United Medical Credit’s network, patients can pay upfront for surgery and other healthcare needs. Many patients want to avoid credit card debt, high interest rates and late fees. Types of financing vary from clinic to clinic and patients with less than perfect credit may not qualify for all or any of these options. With United Medical Credit’s network of lenders, you can apply quickly online and then transfer loan funds to pay for medical bills.  

Can you finance a mommy makeover?

 

United Medical Credit can help you finance a mommy makeover with a medical loan that is right for your financial situation. Interest rates vary based on your credit profile. Many patients choose to use a medical loan to pay for a mommy makeover so that they can get the body they want today, without waiting, and enjoy the results right away.

 

Can I get a free tummy tuck?

 

There are a few ways that a tummy tuck – also known as an abdominoplasty – can be covered through health insurance. However, they are not common. For health insurance to cover a tummy tuck, the patient would have to be suffering from a hernia or another relevant medical condition. Most tummy tuck procedures are considered cosmetic procedures and are paid for out of pocket by the patient. Patients can pay for a tummy tuck with a medical loan from United Medical Credit’s network of lenders.

 

What is a 360 body lift?

 

A 360 body lift removes excess or loose skin from the abdomen, buttocks, hips and thighs. It has become a popular procedure as weight loss surgeries are on the rise. A 360 body lift or “lower body lift” is also helpful for women who have given birth and lost firmness of their skin and for anyone who wants to reverse the effects of aging such as hanging skin. Liposuction and/or fat transfer from other parts of the body may be part of a patient’s surgical procedure during a 360 body lift.

 

How much is a full-body lift?

 

A full-body lift costs $30,000 on average. It is an extensive process that can include both a lower body lift and upper body lift, sculpting the arms, thighs, back, breasts, buttocks, hips, abdomen, face and neck. Often two surgeons will work on the same patient at once, to cut down on the time the patient spends under anesthesia. A full-body lift requires 2-3 weeks off of work and is unlikely to be fully covered by health insurance. Many patients choose medical loans from United Medical Credit’s network of lenders for their plastic surgery procedures. This allows them to pay upfront for a full-body lift and start enjoying the benefits to their quality of life much sooner. 

 

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