Weight loss surgery can be a life-altering decision, offering health benefits and a new lease of life for many. However, the cost of these surgeries can be prohibitive for some. Understanding how to fund your weight loss surgery can make this crucial step more accessible. In this guide, we’ll explore various ways to make weight loss surgery affordable in New Zealand, from grants to payment plans.
Understanding the Costs of Weight Loss Surgery
Before getting into funding options, it’s important to understand the costs involved with weight loss surgery. Procedures such as gastric bypass, sleeve gastrectomy, and lap band surgery can vary significantly in price.
Factors such as the type of operation, the surgeon’s fees, hospital charges, and post-operative care all contribute to the overall cost.
In New Zealand, weight loss surgeries can vary from NZD 15,000 to NZD 25,000 or more. These figures might seem daunting, but there are several ways to manage these costs effectively.
Exploring Financing Options
Now that you have an idea about why weight loss surgeries are costly, allow us to help you get ideas about how to pay for weight loss surgery and other financing options you can keep in mind.
Fast food, sugary drinks, and packaged snacks are common culprits in an unhealthy diet. These foods are not only high in calories but also low in essential nutrients like vitamins and minerals. If you frequently eat unhealthy foods, your body will struggle to maintain a healthy weight. A poor diet, paired with a lack of physical activity, is a major driver of obesity worldwide.
Health Insurance
One of the first steps to consider is whether your health insurance covers weight loss surgery. While not all policies include this, some comprehensive health insurance plans might cover a portion of the operation costs or related expenses like consultations and follow-up care.
It’s crucial to review your insurance policy or speak with your insurance provider to understand your coverage. If you’re not covered, you might consider upgrading your insurance plan, though this often requires a waiting period.
Payment Plans
Many clinics and hospitals offer payment plans, Like Nova Medical Finance, that enable you to pay for your surgery over time. This option can make the cost more manageable by spreading payments over several months or years.
When considering a payment plan, ensure you understand the terms, such as interest rates and the total amount payable. It’s also prudent to compare different plans to find the most affordable option.
Personal Loans
Taking out a personal loan is another option to consider. Banks and financial institutions in New Zealand offer personal loans that can be used to cover medical procedure expenses. Compare interest rates and terms from different lenders to find a loan that suits your financial situation.
Remember, loans come with interest; thus, it’s important to calculate the total repayment amount and ensure it fits within your budget.
Weight Loss Surgery Grants
In some instances, grants may be available to assist in funding your weight loss surgery.
These grants are typically offered by non-profit organisations or health charities for medical purposes and can provide partial or full funding for eligible candidates.
Research available grants in New Zealand and their eligibility criteria. Applying for grants can be competitive, so it’s important to prepare a strong application that outlines your need and how the surgery will benefit your health.
Certain medical conditions, such as hypothyroidism or polycystic ovary syndrome (PCOS), can also affect hormones that regulate body weight. These conditions can make it more difficult to lose weight or maintain a healthy weight.
Tips for Saving and Budgeting
While external financing options are helpful, personal savings can also play a key role in funding your surgery. Here are some budgeting tips to help you save:
Set a Goal: Determine how much you need to save and set a realistic timetable.
Cut Unnecessary Expenses: Review your monthly outgoings and identify areas where you can cut back.
Create a Dedicated Savings Account: Open a separate savings account specifically for your surgery funds.
Automate Savings: Set up automatic transfers to your savings account to ensure consistent progress.
Government Assistance and Public Health System
New Zealand’s public health system may provide weight loss surgery for individuals with severe obesity and related health issues. However, the criteria are strict, and waiting lists can be long.
If you believe you qualify for public health assistance, consult with your general practitioner (GP) to discuss your options and the referral process. Bear in mind that even if you’re eligible, you might still need to wait months or years for surgery.
Community Support and Fundraising
Don’t underestimate the power of community support. Many individuals have successfully funded their weight loss surgery through community fundraising efforts. Platforms like Givealittle allow you to create a campaign and share your story with potential donors.
When creating a fundraising campaign, be transparent about your goals and how the funds will be utilised.
Sharing updates and expressing gratitude to your supporters can help build trust and encourage more donations.
Making the Decision
Deciding to undergo weight loss surgery is a significant choice that requires careful consideration of both the financial and health aspects. By exploring the financing options available in New Zealand, you can make an informed decision and take a step towards a healthier future.
Remember, it’s important to discuss your plans with a healthcare professional who can provide guidance tailored to your health needs and circumstances. With the correct financial strategy, you can make weight loss surgery an achievable goal.
Let’s Talk About What’s Possible
You don’t need to figure this out on your own. If you’re considering surgery and want to know what your financial options look like, we’re here to help.
Get in touch with Southern Weight Loss today and speak to our friendly team. We’ll walk you through your options and support you at every step so you can focus on what really matters: feeling healthy and living well.
Southern Weight Loss is here to assist you! Our specialist has been very helpful in making changes to our customers’ lives. Not only has this trip changed their body, but it has also given them more confidence and a better sense of well-being. Looking ahead, there is still a strong desire to keep these good changes going, which will lead to a healthier and happier future. Contact us today for a free consultation!