How Can I Pay for Weight Loss Surgery?

With new technologies surfacing around weight loss surgery, the procedure itself is becoming more cost effective. Weight loss operations are still costly, however, and so many potential patients find themselves wondering how they are going to pay for such an operation.

  • Insurance companies are beginning to recognize more and more that people who are overweight or obese are at a significant risk for developing serious health conditions. This means that many insurance companies are willing to help fund bariatric surgery because they know the alternative is to fund recovery from Type II Diabetes, heart disease, high blood pressure, cholesterol problems and many other co-occurring health conditions.
  • The costs associated with weight loss surgery are going to depend on a number of factors including what type of surgery you undergo, the fee for the surgeon and the fees for the hospital where you undergo the surgery and subsequent recovery. There are many different types of costs to consider, and as such, there is no single flat fee for an operation of this type.
  • Most insurance companies are going to require that you provide proof from your physicians that the weight loss surgery is medically necessary. Your surgeon, for example, will be able to provide information to the insurance company regarding your medical history and your health problems which result from obesity. Your insurance company may require that you undergo a supervised diet program before approval of a procedure.
  • Your surgeon will contact the insurance company on your behalf to help you apply for weight loss surgery, and may communicate with a representative until determination is made. The insurance company may come back with an agreement to cover all costs, a portion of the costs or no costs depending on this determination. If you do not receive coverage at first, know that there is an appeals process that you can participate in.
  • Privately funding your weight loss surgery is also an option for you. Some of the options available to you are:
  • Taking out a home equity loan or a traditional loan through a bank.
  • Seeking financing from a company that can work directly with your surgeon or your bariatric surgery center.
  • You might be able to sign a contract to pay your surgery bill on an installment plan if no other options are available to you.

There are definitely options available when it comes to financing and paying for bariatric surgery, though it will probably take some time to come up with the right course of action for your needs.