Posted by Cosmetic Surgery Review on February 9, 2010
If you’ve been putting off a cosmetic procedure because of a tighter budget this season, SmartMoney.com offers some helpful tips for paring down that bill.
The first step to take when considering plastic or cosmetic surgery is to check with your health insurance company for options to use your health savings account tor flexible spending account for your procedures. In some cases, you are eligible for a reimbursement for a percentage of the cost of the procedure, and the savings can really add up for pricier procedures in the $1,000 – $5,000+ range.
Another way to save money on your procedure is to pay with cash. If you have the funds available, many doctors offer reduced rates for patients who pay for their entire treatment and fees as a lump sum, upfront payment. Check with your physician to find out what types of payment plans and incentives they offer so that you can save as much as 20% or more on the total cost of your procedures.
SmartMoney.com also recommends being flexible with the timing of your procedure. In some cases, the doctor will be able to offer a discount on services and treatments that are booked at the last-minute, simply to fill their appointment books. If you’re willing to undergo a procedure within a few days or a week’s time frame, you could cash in on some serious savings.
If you’re still strapped for funds for your procedure, you might also consider patient financing options. CareCredit is a flexible payment program designed specifically for healthcare expenses, including cosmetic and plastic surgery procedures. You can choose from no-interest and extended payment plans depending on the type of treatment you are receiving, and what your cosmetic or plastic surgery provider is willing to accept. Use the online payment calculator here to find out how you can make your cosmetic procedure investment more affordable.
Posted in Cosmetic Surgery News, Plastic Surgery News | Tagged: Cosmetic Surgery, cosmetic surgery costs, plastic surgery costs | Leave a Comment »
Posted by Cosmetic Surgery Review on June 24, 2009
Most cosmetic and plastic surgery procedures are not covered by health insurance in the United States, and fall under the ‘elective procedures’ category where the patient must pay for their surgery out of pocket, or pursue patient financing options.
In Great Britain, things are a little different.
The U.K’s National Health Service (NHS) is a government-owned health program that provides healthcare for UK citizens. This program covers the costs of almost all surgical procedures, and also pays for routine exams, check-ups and health-related emergencies. The NHS now pays for cosmetic surgery for select patients, reportedly spending £5.7 million so far for liposuction, breast reduction and rhinoplasty procedures.
According to Cosmetic Surgery Bible, the NHS has covered the costs of cosmetic surgery for over 2,000 patients. Doctors performing the surgeries explain that these procedures are only paid for when cosmetic surgery is needed for medical reasons. There are still rules – for example, a patient would not qualify for the paid surgery if they were suffering from low self-esteem, or if they had general complaints about their appearance – but those who are suffering from severe cases of body dysmorphic disorder, a situation where the person is experiencing extreme psychological distress and impaired social functioning because of their ‘defect’, cosmetic surgery may be covered by the NHS.
The NHS will continue to pay for certain procedures, and reviews each situation on a case by case basis before granting the funds for treatment. Patients who are denied full payment of their proposed treatment still have the option of paying for the surgery on their own, or applying for a personal loan or financing in order to cover the costs of the procedure.
The United States does not operate a program like the National Health Service of the UK, so all prospective patients must find ways to cover the costs. In some rare cases, health insurance plans will pay for bariatric (weight loss) surgery.
Posted in Cosmetic Procedures, Cosmetic Surgery, Cosmetic Surgery Trends, Plastic Surgery Financing | Tagged: Cosmetic Surgery, cosmetic surgery costs, patient financing | 1 Comment »
Posted by Cosmetic Surgery Review on October 8, 2008
As the Dow plunges to record-low levels and consumers continue to struggle in the economic downturn, cosmetic surgery procedures are no longer a priority investment.
Cosmetic surgeons across the country are noticing a significant drop in demand for once-popular procedures including liposuction, breast augmentation and even BOTOX. It’s the season for penny pinching and prioritizing personal finances; for the average consumer, plastic and cosmetic surgery isn’t easy to justify with the economy in a flux.
The Associated Press recently reported on the state of the cosmetic surgery industry; the American Society for Aesthetic Plastic Surgery (ASAPS) polled over 700 doctors in April and May 2008 and results of the survey indicate that 53 percent claim that business is down this year by as much as 30 percent.
Getting clients in the door for thousand-dollar-plus procedures is becoming increasingly difficult, according to Dr. Edward Lack, a cosmetic surgeon in Chicago. “There’s no question that cosmetic surgeons around the country are feeling the pinch…We’re doing less invasive things and things that are less expensive.”
Many doctors who want to stimulate business are shifting gears, promoting less-costly procedures such as non-invasive body contouring, lip augmentation and non-invasive facial rejuvenation. But is this enough to boost business back to a healthy level?
Some consumers are tapping into cosmetic surgery financing to support their investment; companies such as CareCredit offer attractive interest-free payment plans and extended payment options for very low fees, encouraging more consumers to simply ‘charge it’ and get through this rough economic patch.
Posted in Cosmetic Surgery News, Cosmetic Surgery Trends | Tagged: Cosmetic Surgery, cosmetic surgery costs, Cosmetic Surgery Trends, Plastic Surgery | Leave a Comment »
Posted by Cosmetic Surgery Review on August 9, 2008
Cosmetic surgery procedures including breast augmentation, liposuction, and eyelift lift surgery ranked in the top five procedures last year, accounting for a portion of the $13.2 billion spent on cosmetic procedures in 2007.
Still, a weak economy in 2008 is discouraging many Americans from going under the knife; a number of plastic and cosmetic surgeons around the country are reporting a marked reduction in demand for breast implants and liposuction procedures, and more people are opting for BOTOX and other ‘affordable’ treatments to enhance their appearance instead.
American women are cutting back on breast enhancements, according to Allergan and Mentor, the country’s two breast-implant companies. Surgeries for Mentor implants were down in the quarter that ended June 27, the Santa Barbara-based company reported Thursday, July 31.
Irvine-based Allergan reported similar news on Wednesday, July 30. “In the U.S., it is pretty clear that the number of augmentation procedures has declined year-over-year,” Chairman David Pyott said about Allergan’s implant sales. (Source: OC Register)
The trends could be the result of less disposable income for the average household; rising costs of gas, food and other everyday expenses have caused many Americans to keep that wallet shut tight this year.
For those who still want to pursue breast augmentation or liposuction, finding a doctor that offers a discounted or competitive rate could make the procedure more affordable.
Patient financing is another option for those who aren’t quite ready to spare the extra expense this year.
Posted in Breast Implants, Cosmetic Surgery Trends, Liposuction | Tagged: Breast Implants, cosmetic surgery costs, Liposuction, patient financing | Leave a Comment »