Individuals and families come to us seeking professional help with vision therapy, but may find medical insurance will not readily help cover the out of pocket costs. Often a gap exception may be applied for. This will allow for payments to be applied towards in network deductibles, but not every insurance company makes this possible. Of course these individuals and families understand how important vision therapy is for their profession and children.
If you find yourself stuck between much needed care and the cost these creative suggestions to cover out of pocket costs are for you.
Vision Therapy costs estimate around $2,000 – $6,000 for all evaluations, therapy, progress checks, tests and followups.
- Finance through Care Credit
Care Credit is a reputable company that can help you finance vision therapy costs and is offered on a 6 month financing plan here at Nebraska Visual Integration Center. Care Credit provides you with a revolving line of credit that you can use for vision therapy treatment, or any other type of medical expenses, such as braces.
They offer affordable monthly payment plans that can get your costs below $100 a month.
2. Take out a home equity loan or home equity line of credit
Yes, the housing market has taken a hit over the last few years. But, providing you have equity to tap, home equity loans or lines of credit are a great source of money. They have low interest rates and inexpensive closing costs, and because you’d use the loan to pay for the entire treatment up-front, you’d also receive a 10% discount.
A home equity loan or line of credit is generally tax-deductible, which puts more money back in your pocket.
3. Reach out to churches, friends and family
Patients often reach out to their community for help. It’s easy to swallow your pride and ask for some help when it’s for your child’s health. You’ll be surprised how receptive people will be when they understand the cause. Don’t be afraid to reach out.
4. Get a credit card with zero percent APR introductory rates
While credit may still be tight thanks to the recession, you may be able to find a credit card that will offer you a six-month, zero percent introductory rate. Pay back the loan aggressively, and you could finance the treatment without paying any interest.
5. Use your flex spending program
This is another very popular approach. Based on your tax bracket, it’s a way to save significantly on your costs by spending the money on a pre-tax basis.
6. Appeal to community groups
Besides churches, friends and families, you may also consider reaching out to local groups like the Lion’s Club and Rotary Club. The Lion’s Clubs are big supporters of vision care, and they may be willing to extend some help financially.