Tip 10 OF 10 To Insure You’ll Get The Best Hair Transplant Procedure:
Hair Transplant Financing: Go for the “No Interest Option” and Don’t Pay for Anything Else
By Dr. John Frank, M.D. | IAHRS, ABHRS, ISHRS, AHLA, XM Radio: ‘The Bald Truth’, NYC, July 24, 2013
No interest Financing Through the Office
Most hair transplant offices offer multiple ways to finance the cost of the procedure and everyone’s time is being used to perform the procedure, and we can’t really get that back, most offices will require full payment prior to be beginning the procedure.
Amongst the different number of financing options, one choice is a “no interest” plan which allows the client to get the procedure done at cost, and spread their payments out over 12, 24, 36 or longer without interest requirements during the period. To see if you qualify for such a plan ask our office staff to speak with you about financing options so that you can learn if hair transplant financing is a path right for you.
Lines of credit
The second option for hair transplant financing would be to put the cost of the procedure on a line of credit, such as a credit card with low or no interest, or one with points, so that you can kill two birds with one stone so to speak.
Hair transplant financing is a great option for anyone whom is looking to get the procedure performed today and be able to spread the payments out over the next 12, 24, or even 36 months and have a low monthly payment which can be funded through one’s personal or business income.
Multiple credit cards are allowed to pay for hair transplant services and typically payment is required 1 week prior to the treatment date in order to allow time for the transaction to clear.
Health Savings Accounts
The third option for hair transplant financing is using an HSA or health savings account to cover the cost of the procedure.
If you are allowed an HSA, health savings account, plan through your work or business then you can save as much as $1,000 a year towards medical treatments and chances are you already have money set aside for such a treatment.
Life insurance policy loans
A Fourth option for financing the cost of one’s hair transplant is to look to life insurance plans or 401(k) policy loans. If you have a qualifying life insurance plan that you’ve been funding for the past several years, chances are you have significant cash value built up in your policy and you can use that value to be able to financing your hair transplant procedure.
What you would need is to reach out to your life insurance plan administrator, or 401(k) policy administrator and inquire about the cost to borrow funds in the equivalent of the cost of your procedure, most quality hair transplant procedures are around the $13,000 mark, so you would want to ask about a policy loan, the interest rates, and the payback term for a loan to cover the cost of the procedure.
Often times 401(k) and whole life insurance policy loans can be a great way to pay for out of pocket medical expenses and ensure that the principle will always be returned because the loan payment you are making is paying yourself back. Another benefit to using policy loans is that the principle is left in tact and will continue to grow at the market rate even while you use the funds to invest in your personal health and appearance.
To learn more about a policy loan contact your plan administrator and ask for loan information in your policy.
Consider All Your Options
These are just 4 ways that you can finance your hair transplant, there’s always of course paying cash or borrowing money from a friend or family member, love money as they say, which can help to pay the cost of your new hair.
Just think about what your life will be like with your new head of hair, all the looks you’ll get and the new doors that it will open for you. Get the job that you’ve always wanted, get the girl, and wake up everyday looking and feeling younger.
The price that we pay today for improving our lives tomorrow is a small price compared to living everyday not loving how we look and in turn feel about ourselves.
To discuss your different options for financing and treatment of your male or female pattern baldness, contact us for a Frank & Honest Hair Consultation.
We will evaluate your hair loss, show you what your new hair can look like through 3-D renderings, and provide you with treatment options and financing options that meet your needs so that you can get on the path to hair recovery today.
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