Private Pay Options for Addiction Treatment
If you are uninsured and considering self-pay options, you might be concerned about covering the entire value of medical detox and inpatient treatment out-of-pocket. Fortunately, you will never be asked to cover the full amount upfront. At Guardian Recovery Network we understand how comprehensively devastating active addiction can be, especially when it comes to financial stability. So we will work with you to find a way to get you or your loved one the treatment they need. Here are a few options:
The first option Guardian Recovery Network typically recommends is a zero-interest finance plan. Guardian Recovery Network has a relationship with M-Lend Financial that may be able to help. Clients and/or their families may be able to obtain interest-free financing for one year or low-interest fixed rate financing for two years (eligibility for either is determined by the lending company). Speak with one of our admissions team members about how to set up a consultation.
Another option is seeking a personal medical loan from your bank or from another financial institution. Personal medical loans are unsecured, which means that no collateral is required. They can also be used to cover any essential medical services, including medical detox and substance abuse treatment.
Another option for some individuals is to negotiate a personal loan from a family member or a close friend who is in good financial standing and is supportive of you or your loved one’s recovery. Seeking a personal loan can be a good option as you will likely not have to pay interest, and the duration of time over which the loan is paid off will possibly be more flexible. Of course, it is important to take into consideration the effects a loan might have on your relationship to the lender. Weigh those consequences against the weight of you or your loved one not getting treatment for their addiction. A personal loan might just save a life.