How much of a deposit is required if I get financed?

Question

How much of a deposit is required if I get financed? Do ps offer in house financing? I desperately need a mommy make over after my 4 kids. So trying to figure all this out before I start making appointments. Thanks

S. Larry Schlesinger, MD, FACS · Answer

Congratulations on approaching your Mommy Makeover surgery in such an intelligent and organized fashion.The Mommy Makeover, while yielding almost always incredible results, requires a serious commitment of time, economic resources, and planning and putting into place a great support system.  People such as you, who get all their ducks in a row before even talking to a Board Certified plastic surgeon, have more reasonable expectations (and they are usually surprised that they get better results than they anticipated), the recovery goes better and they are back to the real world faster.That being said, the specific answer to your question is all over the board.  Some plastic surgeons require a 10% deposit, some a 20%, and some no deposit at all.  As far as in house financing is concerned, the majority of plastic surgeons that I know have a relationship with financing companies that work specifically with plastic surgeons.  There are several companies out there, including some of the larger banks. that lend money specifically for cosmetic surgery through cosmetic plastic surgeons' offices.  I am sure you realize this, but not all plastic surgeons are created equal.  Continue your research to determine the top three Board Certified plastic surgeons in your area for your Mommy Makeover without consideration as to price or financing.  Have consultations with all three, then work on the financing with the patient care coordinator at each office.  Financing and down payment are certainly important.  However, once you found the right Board Certified plastic surgeon for you, it may be necessary to postpone the surgery to garner the finances necessary for the down payment, etc.  Surgery done correctly by a great Board Certified plastic surgeon is always less expensive in the long run.

Michael S. Beckenstein, MD · Answer

Every plastic surgeon has their own financial arrangements and options for patients. There are lending agencies, credit unions specific for plastic surgery. Credit cards and combination of payment plans are available as well as loans from your bank. Before you visit with a board certified plastic surgeon, ask to speak with the financial advisor to obtain this information.

Allen Gabriel, MD, FACS · Answer

Great question.  Deposits vary from office to office and each office can have recommendation for a company that you can use to finance your surgery.  Some offices can help you with the process.   I would find a board certified plastic surgeon in your area and ask for financing options.  Best of luck.

Kenneth Hughes, MD · Answer

The deposit will vary office to office.  Financing companies can help address some of your concerns.  Kenneth Hughes, MDLos Angeles, CA

William Andrade, MD · Answer

I think you will find a wide range of financing options depending on the clinic/surgeon you choose.  There are many firms that specialize in medical financing and their terms and interest rates vary so it is worth doing your homework in your particular region.  Your PS will be able to provide detailed information or even do an internet search for your area.

Vishnu Rumalla, MD · Answer

Thanks for your inquiry and excellent question.  Frankly, the best thing to do is to  make an appointment with an experienced board certified plastic surgeon.  During your consultation, the finance options available will be presented to you.  Good Luck.

John J. Edney, MD · Answer

Cosmetic surgery can be a life changing event.  In order to fully enjoy the benefits you must also feel comfortable with the financial obligations.  Traditionally the cost of cosmetic surgery is paid "up front" meaning before the procedure is performed..  In order to meet this financial obligation a patient can either save up for it in advance or use some type of credit.  Many practices will allow patients to pay with credit cards.  If a patient's credit is not ideal occasionally a family member will either lone them the money or cosign a loan with them.  Other options include utilization of some type of credit designed specifically for cosmetic surgical patients.  There are several different companies that provide loans for cosmetic surgery without a down payment The interest rates for these types of loans are usually higher than a conventional lone because it is unsecured.  Unsecured means that the lender has nothing they can take back' such as a car or a house' if a person fails to make the payments.  Although there are many companies who make these type of loans two of the most popular lenders seem to be CareCredit and Prosper.  Our patient's have had a good experience with both of these programs. Another popular company is Alpheon.  These type of lending companies allow you to make your application over the Internet and provide an answer  quickly.  It is important however to find out beforehand  whether their inquiry will effect your credit score.  Some companies have what is called a "soft inquiry" which will not affect  your credit score.  When considering a loan company such as these it is very important to understand the terms of the lone and the differences between different lending programs.  Some of the questions that you should ask when comparing different lenders are: What are the amounts available?  How long are the terms good for?  What are the interest rates  and do they change? Is the money funded directly to the doctor or the patient?  What are the transaction fees.?  Will the interest rate and monthly payment change during the life of the lone?  Are there any pre-payment penalties?  Will all treatments, procedures, medications and associated costs such as travel and lodging be covered.  Each company is a little different.  You should be careful in selecting the one that best fits your particular situation so that your financial obligation does not interfere with the potentially life changing experience of your cosmetic surgical procedure.

Tom J. Pousti, MD · Answer

Thank you for your question.Every office differs when it comes to how they work with financing companies and exactly what they do in regards to "financing through the office".  You would need to visit with some board certified plastic surgeons and see exactly what their process is...There are many financing companies that you can apply with online who will pay the surgeon prior to surgery and then you will have monthly payments to them.  Happy New Year!

Robert E. Zaworski, MD (retired) · Answer

Many Plastic Surgeons take Care Credit.  Contact them for financial options and a listing of participating  surgeons.  Best wishes!

Ronald V. DeMars, MD (Retired) · Answer

The answer depends on which company you use for financing and what your credit status is, but many patients finance 100%. It is unlikely you can find any surgical office that does in-house financing, and if you do, it will require full payment prior to surgery, so basically it is a lay-away plan. The common medical financing companies can give you the info in 10 minutes online.

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