Is There Financing Available for a Breast Augmentation?

If you’re considering getting a breast augmentation, you’re probably well aware of the cost. You’ll typically pay $4,000 to $10,000, which you may not have available at the moment. And chances are your insurance company won’t cover it.

However, cost doesn’t have to be a barrier to an improved appearance. In fact, breast augmentation is by far the most popular form of cosmetic surgery with more than 290,000 procedures performed in 2013—the most recent year for which data is available. This procedure is only getting more popular as it has surged 37 percent since 2000, suggesting hundreds of thousands of patients have found ways to pay to improve their look each year.

Is there financing available for a breast augmentation? Yes, there is! Below are a few financing options.

Healthcare Financing

You may be able to secure financing from a company that specifically deals with healthcare financing. For example, American Healthcare Lending offers an installment loan option. And CareCredit offers a credit card.

Another idea is to ask your surgeon for information about financing. He or she can likely recommend a company that offers such services in your area. Simply asking “is there financing available for a breast augmentation” could help you get started on changing your look!

Credit Card

Paying for your breast augmentation could be as simple as swiping your credit card. Be sure you have enough available credit to cover the necessary expenses if you choose this option. Also, verify that your surgeon accepts the credit card you intend to use.

Savings

With some time and patience, saving can be a great way to finance your breast augmentation. Set up a savings account with your bank or credit union. This could be a general savings account or even one specifically dedicated to your procedure. You won’t have to be concerned with bills afterward, making this perhaps one of the best ways to finance your procedure.

Insurance

While your insurer probably won’t pay for a cosmetic breast augmentation, it will likely cover your procedure if you’ve had a mastectomy due to breast cancer. Contact your insurer to determine whether or not it will cover your surgery.

Bank Loan

Depending on your creditworthiness and other factors, you may be able to get a loan to pay for your breast augmentation. Contact your lender for details on whether or not you qualify for this arrangement.

401 (k) Loan

You may be able to borrow up to 50 percent of the vested balance from your 401 (k). Contact your plan administrator for details on how you could do this and what impact it could have on your retirement savings.

Family Loan

Have a rich aunt who has more money than she can spend? She could help finance your breast augmentation. So could any other family member or friend who is willing to lend you money. This could result in less pressure than other situations as chances are a loved one won’t beat down your door because your payment isn’t in her mailbox on the due date. You may even get better terms than you would at a bank, so this could be an excellent option to pursue.