If you’re tired of living with varicose veins and are ready to seek treatment, you may need to start thinking about how you will pay for the procedure to eradicate your varicose veins. There are multiple options to consider, so review these possible payment options below to determine which is right for your needs and budget limitations. Remember to consult with your insurance company and doctor before seeking treatment to make sure these options are viable for your specific plan and needs.
Let Your Health Insurance Cover the Costs
In some cases where treatment is deemed medically necessary, your health insurance may cover the cost of having your varicose veins treated. Exploring this option should be your first step because it allows you to pay significantly less out of your own pocket.
Keep in mind that the requirements for health insurance coverage may be stringent—your venous disease must have progressed so much that’s it’s severely impacting your health or quality of life. Your doctor will be able to preauthorize your treatment with your health insurance provider to determine if you qualify for coverage.
Use Your FSA Balance
A flexible spending account (FSA) can be a risky investment because if you don’t use all of the funds in the account before then end of the plan year, you lose the money you deposited into the account. If it’s nearing the end of the plan year and you still have unused FSA funds, consider applying that money to having your varicose veins treated. It’s a win-win: you don’t lose your hard-earned money, and you may be able to get rid of your varicose veins for good.
Use an HSA
A health savings account (HSA) is a special account used to save money for health-related expenses. The benefit of an HSA is that money goes into the account before taxes are taken out of your paycheck, allowing you to deposit more money into the account than you would be able to if taxes were taken out of it before depositing funds. Additionally, medical expenses paid for with an HSA may be tax-deductible. Talk to your accountant or tax advisor to learn more about possible deductions.
Consider Facility Financing Options
Some medical facilities allow patients to finance the charges incurred for procedures. If your insurance won’t cover the costs, or if you don’t have enough money to cover it from your HSA or FSA accounts, you may be able to get financing for the procedure from the facility performing the procedure. Remember, though, that by financing the procedure you will incur interest charges, so consult with a financial advisor first to make sure this decision is right for you.
Before you can plan for paying for your varicose veins treatment, you’ll need to know what the potential costs will be. Use our varicose vein treatment cost calculator to get a quote on the cost of your procedure that considers potential costs with and without health insurance coverage.