Plastic surgery procedures, such as facelifts, liposuction, and breast augmentation, may enhance your appearance. Rhinoplasty and blepharoplasty also improve functions like vision and breathing. You can consult your plastic surgeon to review financing options before committing to a procedure. Here are a few things to understand about the different financing options:
Personal Savings and Funds
You can set aside money every week or month, depending on your income cycle, to fund cosmetic procedures. Personal savings offer a straightforward way to pay for plastic surgery, and they help prevent you from incurring debt and interest charges. This approach gives you more control over the treatment timeline, allowing you to make a surgery appointment when you’re financially ready.
If you plan to undergo major procedures like a facelift or combined surgery, start saving months or years ahead. Speak to your plastic surgeon to estimate how much the procedure and aftercare will cost so that you can start budgeting. Using personal savings reduces delays associated with loan applications and credit checks.
Healthcare Financing and Credit Cards
Medical credit cards and third-party healthcare financing companies may offer partial funds to cover your plastic surgery. This option allows you to pay for specific cosmetic procedures, such as liposuction and blepharoplasty. You can make fixed monthly payments to the creditor after recovery. These credit options come with a limited grace period before monthly payments are required. Review the terms carefully since interest may increase after the initial promotional period ends. Calculate the total long-term payment plans to compare with other financing options.
Personal Loans from Lenders
Some banks, credit unions, and online lenders offer personal loans that you are able to use to finance cosmetic surgery. These loans may be unsecured, but some lenders require collateral, depending on the amount and your creditworthiness. Repayment periods range from several months to a few years, depending on the institution, allowing you to break down the cost of surgery into smaller, manageable payments.
If you qualify for the loans, you may use the money to fund any cosmetic procedure without restrictions. Personal loans offer predictable monthly payments and reduce the need for using savings to fund cosmetic procedures. Interest rates and terms vary depending on your income and credit score, but you can shop around for competitive offers to reduce costs.
In-House Financing Options
Surgeons may offer in-house payment plans directly through their practices. These plans are varied and sometimes customized to your needs. The surgeon may let you pay for the procedure in installments before or after the surgery. Use in-house financing for staged or multiple procedures, such as combined facelift and blepharoplasty, or body contouring after weight loss. Terms vary widely by practice, so consult your surgeon for a breakdown of their plans. This arrangement is simple to manage because all payments go directly to your provider rather than a third-party lender.
Find a Plastic Surgeon Today
You might find insurance reimbursements that apply to reconstructive procedures, but some elective cosmetic surgery requires different financing options. Having a consultation with a cosmetic surgeon helps you determine which option is suitable for you. Contact a plastic surgeon today to find out more about their procedures and payment options.
