Many patients put off treatments and procedures because they cannot afford to pay. We offer CareCredit payment options as an alternative to consumer credit cards, cash or checks. CareCredit allows you to pay over time instead of a lump sum prior to treatment. Offering CareCredit removes the accounts receivable responsibilities from the doctor and allows them to focus on recommending and providing the best care to their patients.
In times like these, financing options become all the more important. When most of us think about paying for healthcare, we think about the obvious methods such as cash, check, debit card or other bank card. However, there are a variety of healthcare financing options which can enable patients to get the care they want and need. Most of us don’t learn about these payment options until we are at the doctor’s office ready for treatment but you’ve taken the first step in exploring and evaluating the payment options best for you.
Even if you do have funds available, using CareCredit financing enables you to float your cash and save your money for other needs or investments. Some
healthcare practices offer installment plans but these may still require significant cash outlay within a short amount of time. That’s when healthcare
financing, such as CareCredit, can help. Healthcare financing may seem like a new concept but it’s actually been around for over 20 years. There are a
variety of healthcare financing companies which offer a range of plans and terms of payment. It’s important to find a plan that works for you with a company you trust. Stability, dependability and experience are essential, as well as a company offering financing options that fit your budget. Many companies require sign up fees, or offer “teaser” interest rates that could increase after a short period of time. Because you want to be able to choose the right doctor for you, it helps to work with a company with a large network of providers; ensuring you can select from many doctors near you. Other things to consider are whether the offering is a loan for a fixed amount, or a credit card with which you can make additional purchases for follow-up treatments or new procedures.
Remember, CareCredit is a credit card and as with most credit cards, if you do not make your monthly payment on time or miss a payment, you will incur a much higher interest rate and fees. If you have not yet applied for CareCredit, you will see this high interest rate within the application.
In order to make CareCredit successful for you and to avoid these high interest rates, it is essential you make your minimum monthly payment and pay off your balance by the agreed upon due date.