How to Finance a Hysterectomy

A laparoscopic subtotal hysterectomy (LSH) is one of the least expensive hysterectomy procedures, while a radical hysterectomy can cost twice as much. Post-surgical expenses such as chemotherapy or radiation therapy will add even more to the cost of radical surgery. Even patients with excellent insurance may find it difficult to finance their portions of these operations.

Instructions

Find Ways to Finance a Hysterectomy

• 1

  Ask for cash discounts. Due to excessive paperwork and payment delays, many doctors now offer to discount their services when paid in cash. You can then bill your insurance company for reimbursement directly to you.

• 2

  Use pre-tax dollars to lessen the cost of paying for a hysterectomy. Many companies now have programs which allow employees to set aside pre-tax dollars for medical expenses.

• 3

  Tap your home equity to pay for expenses related to your surgery. Interest on a home equity loan is often less expensive than the interest on credit card or personal loan debt.

• 4

  Consider using money from a retirement account. Most retirement accounts will allow you to remove funds without penalty to pay for medical expenses.

• 5

  Remember to deduct extraordinary medical costs from your federal income taxes. Certain medical bills and associated expenses that exceed 7.5 percent of your adjusted gross income can be deducted from your taxes. Consult an accountant to see if you qualify for this deduction.

• 6

  Investigate a health savings account (HSA) if you are self-employed. Companies and the self employed are increasingly using HSAs coupled with high deductible insurance policies to lower insurance costs.

• 7

  Ask your doctor about drug companies which may subsidize the cost of drugs required after your surgery. Many companies now offer such programs to low- and even middle-income patients whose medical bills reach a certain level.