Already on ArticleSlash?

Forgot your password? Sign Up

Are Medical Loans The Answer to Affordable Medical Treatment?

 


Visitors: 128
 1 vote

What happens when you need medical treatment that is not covered under health insurance? Many times, people do not have adequate medial insurance coverage to take care of medically necessary procedures. Often medical treatment is needed immediately to have any chance of success, so it really isn’t viable to try to save up the money for treatment. When you can’t afford medical treatment that you need, and there isn’t an acceptable alternative treatment, getting a medical loan might be your best option.

There are a number of lenders who are willing to make loans for both medically necessary and elective medical procedures. Medical loans are funds that are advanced to a person for the specific purpose of being used for medical treatment. They are typically unsecured loans that are basted on creditworthiness. The interest rate usually reflects the going rate in the market. Additionally, many medical loans have a built-in grace period, allowing patient recovery time before repayment is required to begin.

Medical loans are often the only hope for getting needed medical treatment for those who either don’t have health insurance or do not have the funds available to pay their deductible. People with chronic illnesses often need medical loans to be able to continue treatment once their coverage is depleted.

Many people seek medical loans for elective medical procedures as well. As a rule, health insurance will not pay for any type of treatment considered to be medically unnecessary. For example, procedures such as liposuction, gastric bypass, dental cosmetic surgery, cosmetic surgery, breast enhancement, breast reduction, and other similar procedures are typically not covered by health insurance.

These types of medical procedures that are in most cases required for mental satisfaction rather than physical well-being. While no doctor would recommend these procedures as a must-have for a healthy life in most cases, most are of the opinion that such procedures can improve the morale of the person to a great extent. Hence, from a psychological point of view, such procedures do improve the quality of life of the patient.

Many special clinics have been set up with the specific purpose of providing elective medical procedures services to people who want or need them. These clinics, knowing full well that such procedures are not likely to be covered by patients’ health insurance, often provide resources for medical loans to their patients. This enables patients to find a way to afford the services they desire without having to research funding options on their own.

Credit Medical offers dental financing loans for general dentistry, cosmetic dentistry, cosmetic surgery, laser vision surgery and a variety of other elective procedures.
http://www.creditmedical.com/

(465)

Article Source:


 
Rate this Article: 
 
Outsourcing – the key to affordable medical transcription
Rated 1.0 / 5
based on 1 vote
ArticleSlash

Related Articles:

Are Medical Transcription Jobs At Home The Answer To Your Problems?

by: John Mulder (July 04, 2007) 
(Business/Careers Employment)

Medical Transcription Service Companies provides medical transcription to many ..

by: Suresh Dinakaran (April 07, 2011) 
(Health and Fitness/Medicine)

Medical transcription outsourcing is affordable

by: Suresh Dinakaran (January 17, 2011) 
(Health and Fitness/Medicine)

Medical transcription services are affordable to all

by: Suresh Dinakaran (August 20, 2011) 
(Health and Fitness/Medicine)

Affordable medical transcription use the best equipments

by: Suresh Dinakaran (January 08, 2011) 
(Health and Fitness/Medicine)

Affordable medical transcription companies

by: Suresh Dinakaran (January 24, 2011) 
(Health and Fitness/Medicine)

Need affordable medical transcription? Outsource it

by: Suresh Dinakaran (November 12, 2010) 
(Health and Fitness)

Affordable offshore medical transcription

by: Suresh Dinakaran (January 15, 2011) 
(Health and Fitness/Medicine)

Where to Get Affordable Major Medical Insurance

by: Brian Stevens (July 28, 2008) 
(Insurance/Health)

Outsourcing – the key to affordable medical transcription

by: Suresh Dinakaran (October 15, 2010) 
(Health and Fitness)