Plastic Surgery Financing: How to Pay for Your Procedure

Conveniently located to serve the areas of Maryland, Virginia and Washington, D.C.

Posted on August 19, 2022 under Cosmetic Surgery

Most insurance companies don’t cover cosmetic surgery, usually because it’s considered an elective procedure. This can be disheartening if you’ve been looking forward to exploring ways to achieve your cosmetic goals. However, it’s important to know that there are many different options when it comes to financing your plastic surgery so you can fit it into your budget. Here are just a few of the best ways to pay for plastic surgery at Cosmetic Surgery Associates.

Use a Medical Credit Card

Dr. Richards, Dr. Jabs, and Dr. Magge offer financing via a medical credit card such as CareCredit® or Alphaeon™. This plastic surgery financing option is popular because it can also be used for other medical expenses that aren’t typically covered under insurance. It allows you to pay back your procedure at your own rate without tying you to a specific practice for repayment. Be aware, however, that medical credit cards come with high APR rates and you’ll need to stay on top of your payment plan.

Apply for a Fixed-Rate Personal Loan

A loan for plastic surgery usually falls under an unsecured personal loan. It’s one of the fastest ways of securing money for your surgical procedure. These are loans that normally range from $1,000 to $50,000 with a fixed APR, and loan repayments are made on a monthly basis. Compared to other financing options, personal loans may be cheaper when it comes to getting cosmetic surgery. People with a strong credit history usually have a considerably lower APR compared to a credit card. But those with poor credit scores may find the interest rates for personal unsecured loans very high. Make sure to check with your local credit union for the best rates on personal loans.

Start Saving Early

Borrowing money from lenders comes at a cost. It could be in form of penalties or high interest rates, which can make your total cost higher than the procedure itself. It’s always best to pay for big expenses out-of-pocket when you can, so consider setting a target or consulting a board-certified plastic surgeon to get a full-cost quote before you begin saving a bit each month. Even if you can offset half of your total expense with cash, it can help your long-term finances.

Schedule a Consultation

Plastic surgery can come at a high cost, but with big rewards. To meet with our team of board-certified plastic surgeons, contact our Bethesda, MD office by calling or filling out our online contact form.

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Our Plastic Surgery Associates team includes Dr. Franklin Richards, Dr. A. Dean Jabs, and Dr. Keshav Magge. Each of our plastic surgeons is board-certified, and together they have over 60 years of combined experience. Drs. Richards, Jabs, and Magge are all highly qualified in procedures for the face, breast, and body, and pride themselves in providing excellent results through our state-of-the-art, Quad A certified operating centers