The last thing anyone wants to see is an addiction sufferer who wants and needs treatment but can’t afford to pay for it. In every sense of the word, that’s a tragedy. The good news is the addiction treatment community makes a lot of payment alternatives available in a effort to give clients options. Admittedly, addiction treatment has the potential to be expensive. Of course, the pricing of said treatment really stretches across a wide range of prices, depending on things like the location of the facility, the amenities offered and the treatment options put in place. If you are hesitant to get the help you need because you are not sure how you are going to pay for rehab, you’ll want to read the information provided above. This is the information you can use to help you decide on how and when to get treatment.
Addiction Treatment Payment Options
As an individual, you have a personal responsibility to figure out how you are going to pay for rehab. If you have healthcare insurance as an individual or through your employer, you’ll be happy to know your payment issues will likely be minimal. More on that below. If you don’t have healthcare insurance, your challenge is going to be finding a way to pay for rehab without landing yourself in the poor house. Of course, your health and personal welfare are infinitely more important than your financial situation. It’s about making choices. Is it worth risking your life to try to protect your financial stability? Given the list of payment options below, there should be ways you can get the treatment you need while still maintaining some level of financial stability. The payment options w’ll discuss below include:
- Healthcare insurance
- Personal savings (401K)
- Unsecured debt like personal loans an credit cards
- Scholarships and grants
- Rehab facility financing
Healthcare Insurance
In 2010, President Barack Obama signed the Affordable Card Act. Under provisions in the law, insurance companies cannot discriminate against customers with preexisting conditions, plus insurance companies are required to cover rehab costs the same way they would cover costs related to other illnesses. If you have a healthcare insurance policy, you can rest easy knowing a good portion of your addiction treatment costs will be covered. The extent of your coverage follows the guidelines as set forth by the policy itself. Also, insurance companies do have some leeway as to which costs they will cover and the extent of that coverage. Still, it’s a good bet your out-of-pocket costs will be limited to your copay, deductibles, and any potential overruns.
Personal Savings
Hopefully, you have been putting money aside for a rainy day. If so, you have likely been doing so you can pay for emergencies and put money aside for your future and retirement. Guess what? The fact you need treatment for your addiction is the emergency and rainy day for which you have been saving. While it smarts a little bit that you have to deplete your savings for treatment, you can always replace your savings. The same is not true of the one life you have been given. FYI: your 401K plan does allow for emergency distributions related to health issues.
Unsecured Debt
One of the problems with debt is it causes stress. That’s not something people want to deal with when they have other significant issues with which they must deal. In a situation where your personal well-being is at risk, you have to do whatever is necessary to get the help you need. That includes using credit cards or taking out a personal loan.
Scholarships and Grants
There are scholarships available to help people cover the costs related to addiction treatment. Through your rehab facility, you might be able to apply for this kind of assistance. Given the wide range of scholarships and grants that are out there, there’s a decent chance you might qualify for something.
Rehab Facility Financing
The addiction treatment community is well aware that paying for rehab is prohibitive for some people. For that reason, some rehabs are willing to finance a client’s treatment costs as long as the client’s credit score indicates the risk is reasonable. For now, we don’t want you to worry about paying for treatment. It’s better for you to be using this time to get yourself into treatment. For more information about how we can help, please call us at 800-411-8019.