How Can I Afford Long Term Residential Treatment if I Don’t Have a Lot in Savings?

In the middle of trying to deal with a drug or alcohol addiction, the last thing an addiction sufferer needs is obstacles to getting help. It’s a great thing when an addiction sufferer finally gets sick and tired of being sick and tired. It takes a lot of courage for them to want to stop using and start living again.

However, the decision to reach out for help does present issues. One of the biggest obstacle someone might face when they decide to get help for their addiction illness is how to pay for rehab. Understandably, we have all been conditioned to understand that getting treatment for any kind of illness is going to cost money, sometimes a lot of it.

If you are contemplating reaching out to an addiction treatment center for help, we hope you’ll let addressing your illness be what drove you to want help. We also hope you won’t let money be the reason you decide to stay away. For that reason, we want to discuss ways you can pay for rehab.

How Can I Afford Long Term Residential Treatment if I Don’t Have a Lot in Savings?

If you lack the financial resources to pay for treatment, there’s no need for you to panic. Yes, addiction treatment in some rehabs can get expensive. You also have to remember there’s usually a correlation to cost and the level of care you would get. Assuming you don’t have the savings to pay for any material portion of rehab, you’ll surely want to know what payment alternatives you have at your disposal. Here’s a list of four options:

  • Using your healthcare insurance coverage
  • Taking on personal debt
  • Scholarships and grants
  • In-house rehab financing

Using Your Healthcare Insurance Coverage

By law (the Affordable Care Act of 2009), all Americans are required to carry healthcare insurance as either individuals or through an employer sponsored healthcare benefit. If you have healthcare insurance, this should be your priority payment option.

Prior to passage of the Affordable Care Act, insurance companies would generally view addiction treatment as an elective process. As such, they had the basis for denying coverage for such costs. The new law forced the insurance industry to change the way they cover addiction treatment costs.

You might not yet be aware but according to the Affordable Care Act, insurance companies are required to cover the costs related to addiction treatment, in the same manner, they would cover the costs related to any other kind of medical treatment. Furthermore, the new law made it illegal for insurance companies to hide behind preexisting condition clauses. These are the reasons you should take advantage of your healthcare coverage to get the addiction treatment you need.

Of course, few things are ever that simple. While the law requires they cover addiction treatment costs, insurance companies do have some leeway regarding the extent of coverage. Here’s a shortlist of the costs your insurance coverage would be required to cover

  • Detox programs
  • Prescription medications needed as part of the entire addiction treatment process
  • Basic inpatient (residential) care costs
  • Outpatient treatment programs

Your insurance coverage summary should make mention of the extent of your coverage.

Taking on Personal Debt

If you have no savings or insurance, it doesn’t diminish the fact you need help. While taking on additional debt is always stressful, these are desperate times and every payment option should be on the table.

If you have some form of collateral, a secured loan would be your best borrowing alternative. The approval process is easier and the cost of borrowing will usually be lower. In a pinch, you could use credit cards. If you choose this option, you’ll want to focus on paying debt off as soon as possible.

Scholarships and Grants

Top rehabs such as our do have access to scholarship and grant monies from the government and local charity organizations. If you qualify for any combination of scholarships or grants, this is a great option because you won’t be incurring any debt while getting the treatment you need.

In-house Rehab Financing

Rehabs don’t like to turn clients away because of financial issues. It your credit is decent, there are some rehabs that will set up payments plans to help you qualify for treatment. The terms and conditions are usually client friendly, making this a terrific option if it’s available.

If you hesitate to seek help because of lack of financial resources, we implore you to call us right away at 833-762-3739. Working together, we can figure out how to cover your treatment costs, allowing you to get the help you deserve.