The two biggest obstacles to receiving treatment are deciding to seek help and figuring out how to pay for rehab. Some people will use the cost of treatment as an excuse to delay their journey to recovery, but there are many payment options available that can make treatment more affordable. When you’re ready to find treatment, please get in touch withTexas Recovery Center at 844-230-5931 to help and learn about which insurance providers we accept and how to verify your insurance today.
Finding Drug Rehab Financing with Texas Recovery Center
Some people will use the cost of treatment as a reason to delay their journey to recovery, but there are many payment options available to help you pay for rehab. Please speak with our care team today to learn more.
Payment Plans and Loans
We understand the financial burden of figuring out how to pay for rehab, especially without having insurance. To help as many people as possible to get the care they need, payment plans and loans are available. These drug rehab financing options allow patients to repay the cost of treatment over an agreed-upon time.
Sliding-Scale Fees
To help everyone we can, we will sometimes adjust treatment fees according to each patient’s financial situation and income. Sliding-scale fees decrease the cost of treatment and make rehab more affordable.
Health Insurance Option
At Texas Recovery Center, we are in-network with several top health insurance providers that may cover your treatment program. Although coverage levels vary depending on the plan, all marketplace plans consider mental health disorders to be essential benefits. This means that services like psychotherapy and counseling are covered under most plans.You can contact us or verify your insurance online to see what services your health plan covers. Contact us today for more details or verify your insurance online.
Open Enrollment
Those who currently don’t receive health insurance through an employer may be able to purchase a private health insurance policy through the Health Insurance Marketplace at HealthCare.gov. Based on your income, you may even be able to get a completely subsidized and free policy. Look for a trusted provider, a plan that covers your treatment needs, and a deductible you can afford to pay upfront. Not every treatment center will take every treatment plan, so be mindful of this during your decision process.
New enrollment is limited to November 1 through January 31 each year unless a qualifying life event applies. If you try to purchase a policy outside of this timeframe and you don’t qualify for special enrollment, the policy will not have full coverage and will not pay for substance use treatment. If you enroll during this time, you should have health insurance coverage for the following year. While this may mean waiting for treatment until January 1, it is better than putting off treatment forever.
COBRA
Another rehab payment option may be through COBRA. COBRA is a law that gives some people who have lost their health benefits the ability to continue their group health benefits from their former employer for a temporary extension of coverage. Qualified individuals must meet certain criteria and may be required to pay a premium.
Medical Loans
A personal medical loan can bridge the gap between scholarships, insurance, and out-of-pocket expenses. You can apply for a medical loan through a bank or other specialized financial institution, as they can potentially cover the remaining balance of treatment after scholarships and insurance.
Prosper Healthcare Lending
Prosper Healthcare Lending offers loans to pay for healthcare services, including rehab. Loan amounts go up to $35,000 with repayment terms of up to 60 months. Applicants receive a response within two minutes of completing the online questionnaire to determine creditworthiness.
Med Loan
Med Loan is another finance lending option that allows people to borrow up to $40,000 if they meet the credit score requirements. Once approved, people can have the funds by credit card in seven days.
Non-Medical Personal Loan
Many banks offer a personal loan option that can be used to help with rehab costs. Personal loans provide upfront funds to finance personal expenses and are repaid over time based on a person’s credit score and general creditworthiness.
Loans When You Have a Low Credit Score
Those with a lower credit score may still qualify for a personal loan, but generally, they will include a higher interest rate and shorter repayment timeline. While not as desirable, making payments on time for the life of the loan can improve a person’s credit score.
Rehab Scholarships and Grants
At this time, we do not offer grants or scholarships for rehab, but you can search for this type of financial aid from third-party sources, such as:
- 10,000 Beds – A non-profit organization that collects scholarships from addiction treatment centers and awards them to qualified applicants.
- Substance Use and Mental Health Services Administration (SAMHSA) – the federal government provides financial assistance to citizens and organizations for treatment. Many programs focus on reaching vulnerable populations such as pregnant women, veterans, and IV drug users.
To learn more about these types of scholarships and grants ask one of our team members.
Employee Assistance Programs (EAPs)
Employers may offer an employee assistance program as part of their benefits package. EAPs provide resources to help employees successfully handle personal and workplace issues. These resources may include services such as:
- Financial or legal counseling
- Workplace conflict resolution
- Counseling
- Workplace training
- Short-term assistance for substance use disorders
The specific services available to employees will depend on what the employer has chosen, but details can be found through the company’s human resources department.
Get Help for Rehab Financing at Texas Recovery Center
Stop waiting and get help. There are plenty of options for figuring out how to pay for rehab care. When you contact our care team, we will walk you through these treatment payment options so that you or your loved one can get the care needed to start healing. For more information about Texas Recovery Center, please get in touch with us today at 844-230-5931.
